nmcapital44

nmcapital44

On 12th January Banknifty open gap up and and traded within a range. 39000 is a strong resistance that need to breakout and banknifty have to sustain above the level for further up move. Expiry setup Buy above 38850 Target 38970 Sell side there is no proper price action but one can sell below 38600 for the target of 38400. Below 38400 banknifty can correct...

nmcapital44

On 12 January Nifty open gap up and whole day it was range bound. On 13 January result of some IT company will impact the index. Trading setup Buy above 18240 Target 18300, 18345 For intraday you can sell below 18150 Target 18080, 18020. Trading below 18000 will trigger profit booking and we can see intraday correction.

nmcapital44

Buy ITC above 224 Target 250 Sl 208 Closing basis

nmcapital44

Banknifty is making perfect raising wedge pattern Sell below 38400 for 38000 target. on the flip side trading above 38700 will change setup

nmcapital44

Nifty is being supported by trend line and closed above psychological resistance of 18000. We can see 18200 level as long as 18000 level is maintained.

nmcapital44

As you can see in the chart Banknifty forming a perfect raising wedge pattern. We can expect a down move till lover trend line on 11 January.

nmcapital44

Buy ACC above 2443 Target 2500 Sl 2263. the stock is making W pattern breakout. If rejects from 2443 it will try again with H&S pattern.

nmcapital44

Coal india is breakout candidate Buy and hold above 160. Potential target 180. Use 155 as stop loss.

nmcapital44

HDFC Bank 1570-75 Resistance area This area is multiple time tasted and today the stock is closed 13 points lower from it's high. Breaking above 1575 will take it up to 1600.

nmcapital44

Buy banknifty above 37160 target 38400 Sl 38000. Keep place sl after entering in the trade and keep trailing for maximum profit

nmcapital44

Sell below 37920. Buying momentum only above 38250 till then range bound Today closing will be near 38000

nmcapital44

DJI have important support at 36000 According to the chart we should bounce from 36000 and retest previous all time high. On the flip side closing below will accelerate selling pressure and we can see 34900 level near future. Consolidation near 36000 will decide further move.

nmcapital44

On weekly time frame banknifty closed above 5 weeks high and entered in bullish trend. Immediate resistance is placed at 38150 One day closing above 38150 will take banknifty the 38700, 39000. On the flip side strong support is placed at 37000.

nmcapital44

On weekly time frame Nifty has given flag pattern breakout and we can see 18500 level near future. Closing above 18000 will accelerate the momentum and we can see fresh buying. Positional buyer can buy at CMP with stop loss of 17600. Nifty weekly target - 1800, 18200, 18500.

nmcapital44

Nifty making a bullish flag on hourly chart. Trade this breakout target will be 18040. One day closing above 18050 will take nifty to 18200. On the flip side nifty is supported by trend line . trading below the trend line will give intraday dip. Bullish trend support is placed at 17600. Closing below 17600 will make nifty bearish again.

nmcapital44

Bitcoin has some support near 40000 to 40500. This support area is good for bounce back. Closing below 40000 will attract fresh selling and we can see 39600 level neat future. This selling will be result if H&S pattern breakdown. On the flip side a bounce is on the card. If get any bullish candle near current zone buy and use the low of candle as a stop...

nmcapital44

Bearish flag formation sell below mentioned level

nmcapital44

Banknifty closed below 38000 resistance for expiry banknifty have to cross 38060 during intraday for further up move. target will be 38480. On the flip side trading below 37500 will trigger profit booking and target will be 37000