Nifty 29 May 23 to 02 Jun 23 Short ,Medium and Long Term
Nifty closed at 18499 ( 18203) and touched low of 18183.
Nifty touched high of 18509.
Nifty clearly moved up decisively above resistances mentiomed below though it bottomed out to 18061 in the previous week.
Buy call was given on dip on 21-May-23.
nifty followed the band resistance provided for last...
📊 Script: ASAHIINDIA (ASAHI INDIA GLASS LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY AUTO / NIFY 500 / NIFTY SMALLCAP
📊 Sector: Automobile and Auto Components
📊 Industry: Auto Components
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it.
📈 MACD is giving crossover.
📈 Crossover in Double Moving...
nifty 50 has made a good recovery after 20th June, same followed by the nifty small cap.
check the fibonnaci levels, and there's a good support of MA 100, after 20th june.
many nifty small and mid caps have to get there bull run, so this became a point of breakout.
speaking about breakouts, it happens in the triangle pattern. so you could check the blue colour...
📊 Script: MAHINDCIE (MAHINDRA CIE AUTOMOTIVE LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY 500 / NIFTY SMALL CAP / NIFTY INFRASTRUCTURE
📊 Sector: Consumer Discretionary / Automobile and Auto Components
📊 Industry: Auto Components & Equipments
Weekly Time Frame
Key highlights: 💡⚡
📈 Script is trading at upper band of Bollinger Bands (BB) and giving...
📊 Script: WELCORP (WELSPUN CORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY INFRASTRUCTURE / NIFTY 500 / NIFTY SMALLCAP / NIFTY METAL
📊 Sector: Capital Goods
📊 Industry: Industrial Products
Key highlights: 💡⚡
📈 Script is trading at middle band of Bollinger band (BB) and taking support of middle band which is SMA20.
📈 Already crossover in MACD .
📈...
📈 NIFTY50 has taken support at around 59 level in RSI (as shown in chart).
📈 In previous trading session 59 was working as resistance level in RSI but from last time and today it is working as support level.
📈 as per FII's data they slightly bearish on index but they are bullish on stocks.
📈 as per view currently market is stock specific not Index specific.
📈 Go...
I have been watching this stock for a while , a stock does have a good beta value and breakout happened with volume. So my first target would be the all time high.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Market is bearish , so take positions carefully.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
Since long we have been observing that the small and madcap indices were outperforming the large caps. This trend seems to be showing a reversal.
Nifty Small Cap 250 Index is approaching its support ...lets see if this breaks or holds.
The "Island Reversal" that confirmed in the Nifty 50 and other major indices on May 4th continues to suggest near-term caution, particularly if Nifty can't reclaim the 38.2% retracement of its 2020 decline. In our blog post linked below, we take a look at several charts that suggest further weakness in Equities around the globe could be ahead. We're watching...
We're outlining "Five Bull Market Barometers" that we're using to help answer the question of whether we're in a new bull market. One of them is the Nifty 100/Nifty Small-Cap 100. Since most stocks in India peaked back in January 2018, this ratio has been steadily rising…showing real risk aversion among market participants, not risk appetite. Institutions that...
Nifty small cap has broken monthly support but, holding support near Fibonacci levels near 6000.
If small cap goes below 6000, chances of downfall of more 1000 points, which is next Fibonacci levels.
At upside if there is any upward movement, small cap has next support near 7200.
But RSI levels still unable to break the support, so the chances of downfall is more.
