Nifty 26Jun23 to 30Jun23 Short,Medium,Long Term & StockPick Nifty closed at 18665 ( 18826) and touched low & high of 18885 and 18648. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way: HDFC Bank, L&T Tech, KPIT (Buy on Dip BOD at 925), PI Ind ( BOD 3500), Dr Reddys, Ujjvan Small Fin, Route Mobile, Bank of Maharshtra, Andhra Paper, Accelya...
Nifty 19 Jun 23 to 23 Jun 23 Short ,Medium and Long Term Nifty closed at 18826 ( 18563) and touched low & high of 18561 and 18862. Buy call was given on dip on 21-May-23 at 18181. The stiff resistance provided (inclined trend line ) for the week 18745 to 18786 acted well, on the last day of the week, nifty broke the weekly resistance on a decisive note. RSI...
Nifty 12 Jun 23 to 16 Jun 23 Short ,Medium and Long Term Nifty closed at 18563 ( 18535) and touched low & high of 18537 and 18772. Buy call was given on dip on 21-May-23 at 18181. The stiff resistance provided (inclined trend line ) for the week 18689 to 18734 acted well. nifty faced that resistance as expected. RSI and Stochastic lowered to 60% level from...
Nifty 5 Jun 23 to 9 Jun 23 Short ,Medium and Long Term Nifty closed at 18534 ( 18495) and touched low & high of 18464 and 18664. Nifty closed marginally higher than previous week. Buy call was given on dip on 21-May-23. Last week there was a stiff reistance was given at 18620 and shown with Thick green Horzontal line. nifty faced that resistance as...
Nifty 15 May 23 to 19 May 23 Short ,Medium and Long Term Nifty closed at 18314 ( 18069) and touched low of 18100. Nifty touched high of 18389. Mainly followed the band resistance provided for last two weeks ( as mentioned below) and 3-4 days the resistance acted as support. Nifty support at 18111/18204/18274 ( Prev Highs Shown in thick red , blue and green...
Nifty 15 May 23 to 19 May 23 Short ,Medium and Long Term Nifty closed at 18314 ( 18069) and touched low of 18100. Nifty touched high of 18389. Mainly followed the band resistance provided for last two weeks ( as mentioned below) and 3-4 days the resistance acted as support. Nifty support at 18111/18204/18274 ( Prev Highs Shown in thick red , blue and green...
There is bullish Breakout in TCS. On daily chart their is technical price action break out of W pattern. One should hold TCS for short term gain.
NDQ has formed double bottom at 13,000 range, tGT 1 is 13150 With Central bank being neutral, NDQ will break the supply zone and will fly soon.
Reasons for the cup and handle to breakout: Infy - Cup and Handle - waiting for breakout Retest done at RBR candle in daily Huge possibility for gap filling Nasdaq has tested the current supply zone multiple times and ready for breakout TCS is in the clear up trend. Some short covering positions is holding the infy to breakout. Huge OI is formed at 1300...
Nifty 08 May 23 to 12 May 23 Short ,Medium and Long Term Nifty closed at 18069 ( 18090) and touched low of 18042 Nifty touched high of 1827. Mainly followed the band resistance provided last week ( as mentioned below) due to awaiting of FED decision and followed by drop on last day due to HDFC stocks. Nifty small Resistances at 18111/18204/18274 ( Prev Highs...
Infosys - ADR - Good breeak out 1:5 RR. Cup and handle formation Quality supply area is created
Nifty 02 May 23 to 5 May 23 Short ,Medium and Long Term Nifty touched a high of 18090 ( 17865) and touched low of 17610 Nifty closed at 18065 (Prev Close 17627). Nifty crossed the key 17867 Resistance last week ( as mentioned in last week analysis) and touched above 18000, which shows a positive sign. RSI ,MACD and Stochastic are above 75% and green zone. Q4...
High relative strength strongness was witnessed yesterday. (Relative to NIFTY IT) Sure target of 175 (40 days), trail after that
Infosys is down after missing estimates Infy may technically re bounce to 1400 levels but its going to go towards 1000 Recession in Developed markets are taking a toll
Nifty 17 Apr 23 to 21 Apr 23 Short ,Medium and Long Term Nifty touched a high of 17638 and low of 17610. Nifty closed at 17828 (Prev Close 17601). Nifty Crossed crucial resistance of 17690 last week. Medium Term call for buy on dips worked well Nifty Bank, Nifty IT and Nifty 50 increased by 5% from low. Especially Nifty bank surpassed ( 7.5%) other indices. Buy...
Nifty 10 Apr 23 to 13 Apr 23 Short ,Medium and Long Term Nifty touched a high of 17638 and low of 17310. Nifty closed at 17599 (Prev Close 17359). Global Economy is reversing but lot of agencies have given cautious & weakest growth % of 2-3% for next 5 years. Interest rate are at peak and signs of reversal and inflation are reducing. But Threat of Geopolitical...
#LTIM, Looking good to Long as long as it is holing 4650 Level for the Upside Target of 4800. Break of 4800 opens gate for 4900-5000 level. It has shown Stong Short covering + Good Long Buildup.
Nifty 27 Mar 23 to 31 Mar 23 Short ,Medium and Long Term Nifty touched a high of 17530 and low of 16850. Nifty closed at 16945 (Prev Close 17100). As per the last week call, Nifty went down and tested 16923. RSI , stochastic and MACD still at oversold zone and yet to recover / Cross the Signal / Moving Average. Nifty might fall further as there is monthly...