nmcapital44

nmcapital44

On the daily chart the index is trading near resistance and closing above 18040 will trigger further buying. A small correction will give good up side momentum the the index. On the flip side closing below 17000 will change the direction and 15600 will be potential zone to reach. Pink - Channel Green - Immediate support White - Long term support

nmcapital44

The index is trading near resistance zone. Selling CE from this point will be beneficial. This is not PE option day because of premium eating. Breaking above 40100 will give a positive breaking for 40390 followed by 40900

nmcapital44

On hourly time frame inverse hear and shoulder pattern is visible Breaking above 1490 will make a successful breakout with potential target of 1513 followed by 1350

nmcapital44

Banknifty is trading within a triangle pattern and either side breakout will give a good momentum

nmcapital44

The answer is DEBT Real GDP (Green) US Public Debt(yellow). Look at how aggressively debt has grown from 1970 till today. Just to bring this a bit closer home. It’s like constantly getting yourself in financial trouble yet the bank keeps giving you more and more credit. If the government was an individual, it’s credit score would be less than 500. And even...

nmcapital44

The stock is in consolidation form last few weeks, Breaking above 625 will give it a positive breakout and potential target will be 700.

nmcapital44

On hourly time frame the stock is trading near swing high resistance and breaking above 1418 will give a positive breakout. You can trade this setup for swing trading

nmcapital44

On the daily chart the stock is trading near swing high resistance and breaking above 2670 will make a successful breakout. Potential target will be till resistance line which is placed near 2720.

nmcapital44

The stock is trading in a symmetrical triangle. Breakout above 3075 will give a success breakout.

nmcapital44

Based on daily chart banknifty is trading near important support zone which is placed near 38000. A bounce from current support is expected. Breaking below 38000 will trigger selling pressure and we can see a lower level 38000 is a key level for coming sessions.

nmcapital44

The stock is trading within 300 point range I have mentioned important breakout levels Breaking out of the range will give good momentum Stay alert

nmcapital44

The index gave bearish sign on weekly chart On weekly time frame formed a shooting star candle which is a bearish candle near resistance. Profit booking at higher level is needed for further move. Closing above 18050 will reject down move.

nmcapital44

This weekend everyone will begin to notice Gravestone Doji on weekly chart of BankNifty. Its good to notice it. But the game is in staying ahead of what is going to form. It can be done. It is being done.

nmcapital44

This weekend everyone will begin to notice Gravestone Doji on weekly chart of Nifty. Its good to notice it. But the game is in staying ahead of what is going to form. It can be done. It is being done.

nmcapital44

Nifty is trading within 100 points. Breaking out of this range will trigger 100 points target either side.

nmcapital44

Banknifty weekly chart On the weekly time frame banknifty is looking stronger than nifty 39500 will act as a strong resistance and profit booking near resistance is possible Strong up trend support is placed at 36000 a healthy retracement will this support zone will give a chance to create fresh long position 2 consecutive day closing above 39500 will reject...

nmcapital44

In this weekly chart of nifty I have explained how price can behave near future. A retracement till support will trigger some profit booking and give a chance to make fresh long position.

nmcapital44 Updated 

I have observed this pattern in Nifty daily chart 1500 to 1600 points down move 2300 to 2400 points down move If the recent high is temporary top for time being a 1500 points correction is possible in the index 2 days closing above 17600 will reject this pattern and next resistance will be 18200