Nifty Short , Medium & Long Term View-26-Dec-23 to 29-Dec-23 Nifty closed at 21349( Prev Week close 21496) and touched low & high of 20970 & 21590. RSI and stochastics levels reduced from overbought zone ( 72% & 69 % Respectively) . Market currently on a upward movement due to global run and had slight consolidation last week. Two Fibonacci extended resistances...
Nifty Short , Medium & Long Term View-18-Dec-23 to 22-Dec-23 Nifty closed at 21496( Prev Week close 20520) and touched low & high of 20776 & 21496. Market touched all time high of 21000 last week and then almost to 21500 without any stoppage after a massive run post election results of 3 states and US Fed rate reduction plan, followed by global stock market...
Nifty Short , Medium & Long Term View-11-Dec-23 to 15-Dec-23 Nifty closed at 20520 (Prev Week close 20227) and touched low & high of 21006 & 20520. Market touched all time high of 21000 last week after a massive run post election results of 3 states. RSI and stochastics levels nearing the overbought zone ( 83% & 97 % Respectively) . Nifty- Short Term Resistance...
Nifty Short , Medium & Long Term View-04-Nov-23 to 08-Dec-23 Nifty closed at 20227( Prev Week close 19794) and touched low & high of 19807 & 20295. Market Decisively crossed the 20000 and crossed the all time high (20218) and touched 20295. Pre poll survey result and GDP Q2 growth boosted the market. Monday will be gap up opening due to the state elections...
Nifty Short , Medium & Long Term View-27-Nov-23 to 01-Dec-23 Nifty closed at 19794(19870) and touched low & high of 19671 & 19873 Last week Market was near to the resistance provided i.e 19856 level. RSI and stochastics levels nearing the overbought zone. Nifty- Short Term Resistance at 19875(last week high), 19923( Fib Resistance), 19996 (Prev High Shown in...
Nifty Short , Medium & Long Term View-20-Nov-23 to 24-Nov-23 Nifty closed at 9870 (19525) and touched low & high of 19413 & 19870 Market crossed the inclined resistance line provided at 19550 decisively and moving towards 19800-20000. 19528 Resistance and 19692 Fibonacci resistance provided worked well day before yday&yday. Again if it crosses 20000 then 20500...
Nifty Short/Medium/Long Term View- 13-Nov-23 to 17-Nov-23 Nifty closed at 19525(19230 )and touched low & high of 18312and 19550 "Resistance at 19529 ( Fib Resistance) and also inclined resistance show with arrow mark 19550-19450 range" Market exactly followed the resistance provided as mentioned above last week and closed on danteras at resistance ( target)...
Nifty Short, Medium and Long Term review-06-Nov-23 to 10-Nov-23 Nifty closed at 19230 (19047 )and touched low & high of 18294 and 19274 RSI and stochastics levels recovering from oversold zone . Market saw a steep correction 2 weeks before and after hitting the Medium Term Support ( 18800 level) it bounced back a little to 19230. Banks gave good results except...
Nifty Short, Medium and Long Term review-30-Oct-23 to 03-Oct-23 Nifty closed at 19047 (19751)and touched low & high of 19552 and 18841. RSI nd stochastics levels is near to oversold zone . Market saw a steep correction broke the short term support and after hitting the Medium Term Support ( 18800 level) it bounced back a little. Banks gave good results except...
Nifty Short, Medium and Long Term review-23-Oct-23 to 27-Oct-23 Nifty closed at 19751 (19655) and touched low & high of 19483 and 19871. RSI levels and stochastics was near to oversold zone last week end, considering global situation, crude price, Q2 results ( till date) it will test the support level in short term, Q2 results of the balance companies can guide...
Nifty Short, Medium and Long Term review-16-Oct-23 to 20-Oct-23 Nifty closed at 19751 (19655)and touched low & high of 19483 and 19871. RSI levels 953%) slightly improved and stochastics 83% in overbought zone. Nifty was holding the inclined trend support provided at 19400 levels last week. Nifty in a highly volatile market due to global situation and awaiting...
Nifty Short, Medium and Long Term review-09-Oct-23 to 13-Oct-23 Nifty closed at 19655(19528)and touched low & high of 19336 and 19667. RSI levels slightly improved but still in oversold position. Nifty was holding the inclined trend support provided at 19300 last week. Nifty in a highly volatile market awaiting Q2 results to take a defined path. Nifty- Short...
Nifty Short, Medium and Long Term review-04-Oct-23 to 06-Oct-23 (Could not post from week starting from 03-Oct-23) Nifty closed at 19528(19674)and touched low & high of 19481 and 19766. RSI level down from 46% to 43 & Stochastics 30% to 6% respectively. Stochastic & RSI- Moving further moving down and getting Bottom out. Nifty broke below Ist Support at 19600 (...
Nifty Short, Medium and Long Term review - 25-Sep-23 to 29-Sep-23 Nifty closed at 19674(20192)and touched low & high of 19674 and 20195. Caution was provided on Overvaluation and to sell upto 30% Stocks with High valuation/ Profit and non performing Mutual Funds. Personally i could sell 15% of my stocks & Mutual Funds. RSI and Stochastic level down from 76 to...
Nifty Short, Medium and Long Term review - 18-Sep-23 to 22-Sep-23 Nifty closed at 20192(19822) and touched low & high of 19854 and 20219. Nifty long call was given two weeks before. As expected nifty moved up above 20000 & 20150. RSI and Stochastic level rised from 72 to 76 % & 93 to 96% respectively. Stochastic currently in overbought zone for last two weeks....
Nifty Short, medium and Long Term review - 11-Sep-23 to 15-Sep-23 Nifty closed at 19822(19435) and touched low & high of 19437 and 19864. Nifty long call was given last week. As expected nifty moved up above 19500 & 19600 and closed at 19822. RSI and Stochastic level rised from 51 to 72 % & 58 to 93% respectively. Nifty- Short Term will try to move up near to...
Nifty Short, medium and Long Term review - 04-Sep-23 to 08-Sep-23 Nifty closed at 19435(19265) and touched low & high of 19225 and 19457. Nifty traded slightly above the inclined trend line resistance (19337 to 19250) for four days but couldnt cross decisively and closed at 19435. RSI and Stochastic level rised to 51 % & 58%. after Oversold zone a sign of...
Nifty Short, medium and Long Term review - 28-Aug-23 to 02-Sep-23 Nifty closed at 19265 (19310) and touched low & high of 19230 and 19578. Nifty couldnt cross the inclined trend line resistance as provided last week (19550) decisively and closed near the support provided last week( 19300 Aug low) RSI and Stochastic level at 42 % & 16%. Stochastic in over sold...