So, yesterday we had a sudden news flow in this script which was - "RBI barred issuance of new sign-ups through online onboarding and halts issues of new credit cards". What lies ahead for NSE:KOTAKBANK after the RBI ban? Let's take a dig down to its price chart for much better understanding of the current impact and further path of this stock. -...
BUY ABOVE - 22620 SL - 22570 TARGETS - 22670,22720,22770 SELL BELOW - 22510 SL - 22570 TARGETS - 22510,22430,22390 NO TRADE ZONE - 22510 to 22620 Previous Day High - 22620 Previous Day Low - 22320 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
I anticipate a short-covering rally in the Nifty50 spot, expecting a recovery as long as the spot doesn't dip below 22323.60. I've taken a long position below 22442.20, with a strict stop loss set at 22323.60.
• NSDL has filed its DHRP, leading to market concerns that investors might shift their funds to NSDL, potentially affecting CDSL. (We'll be sharing a detailed comparison for NSDL and CDSL in the comments section below. Feel free to follow us for the updates.) Now CDSL: • In the last 13 months, it's formed a beautiful Flag Pole pattern. The breakout of...
Arrow in the chart of Nifty is pointing in the direction of which Nifty intends to go in the long term. There may be some slip-ups in the short run but in the long run Nifty will be seen travelling in the direction the arrow is pointing. Today Nifty returned from an important trendline resistance of 22625. crossing the same will be a little bit of a challenge....
Nifty is delicately placed above the 50 EMA and 200 EMA support zones (Mother and Father support) which are at 22404 and 22316 respectively. This zone can act as a buffer and should provide proper technical support to Nifty. In case 22316 is broken Nifty can further fall to the levels of 22201 or even 21972. Worst case scenario as of now looks like 21784. If...
Since yesterday 22447 to 22481 is again and again blocking the Nifty rally. Only after 22481 is crossed and held we will see the rally continue further. Further resistance will be near 22558, 22612, 22692 or even 22780+. In case the resistance proves strong enough the supports will be found at 22376, 22342 and 22290. If 22290 is broken then further supports will...
BUY ABOVE - 22430 SL - 22360 TARGETS - 22470,22510,22570 SELL BELOW - 22360 SL - 22430 TARGETS - 22320,22270,22210 NO TRADE ZONE - 22360 to 22430 Previous Day High - 22470 Previous Day Low - 22390 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
BUY ABOVE - 22430 SL - 22360 TARGETS - 22470,22510,22570 SELL BELOW - 22360 SL - 22430 TARGETS - 22320,22270,22210 NO TRADE ZONE - 22360 to 22430 Previous Day High - 22430 Previous Day Low - 22360 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
A strong resistance around 22447 blocked the bull rally of Nifty today. If this resistance is not crossed the Nifty will try to re-test the supports. There is a strong support in the range of 22279 and 22312 region which includes 50 EMA, 200 EMA (Mother Father lines) and a trend line support. If these supports are broken we can see weakness which can lead Nifty...
More up move is on card baring there is no further bad news related to Iran and Israel conflict and other news surrounding the Middle East and Levant nations. The closing above 50 and 200 EMA hourly indicates that there might be more bullishness in store for Nifty with resistances at 22430 and 22517. If these 2 levels are crossed easily then we may see 22692,...
📊 Script: BPCL 📊 Sector: Refineries 📊 Industry: Refineries ⏱️ C.M.P 📑- 585 🎯 PE 🏆 - 4.38 📊 Script: ONGC 📊 Sector: Crude Oil & Natural Gas 📊 Industry: Oil Drilling / Allied Services ⏱️ C.M.P 📑- 275 🎯 PE 🏆 - 8.24 📊 Script: COALINDIA 📊 Sector: Mining & Mineral products 📊 Industry: Mining / Minerals / Metals ⏱️ C.M.P 📑- 435 🎯 PE 🏆 - 9.14 📊...
Nifty fell like a hot knife going through butter slab reacting to Iran Israel news. There was some respite today as Nifty has takena support at 21777 and bounced back to close the week at 22147 staging a remarkable recovery. 21777 will remain a critical support to watch for reminder of the month. In case this support is not held further supports will be only...
If you are interested in trading in Nifty 50, below are a few levels you might find helpful.
If you are interested in trading in Nifty 50, below are a few levels you might find helpful.
BUY ABOVE - 22050 SL - 22000 TARGETS - 22080,22120,22160 SELL BELOW - 21960 SL - 22000 TARGETS - 21920,21880,21840 NO TRADE ZONE - 21960 to 22050 Previous Day High - 22320 Previous Day Low - 21960 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
After taking a drastic beating due to Israel and Iran conflict Nifty today has taken a support near Mother line (50 EMA). There is also a trend line support at the same place. If there is no bad news in next one or two days we might see a reversal in Nifty in favor of Bulls. In case there is some more bad news we may see bears tightening the grip over the market....
Market Outlook: The factors related to Israel and Iran Conflict will e the leading cause for market and moves rather than other local or Techincal factors for the next few days it seems. However the Support and Resistance levels seem to be as under. Nifty Resistance: In case there is some positive news of tension related to conflict decreasing will be at 22424,...