Didnt see this coming ... even breached the Resistance @ 12215 but eventually settled below it ... tomorrow market might react to IIP and CPI numbers not very pleasant ... Dow is zooming accounting for Trump's next term already ... will just stick to the Support and Resistance levels Support @ 12150 - 12160 Support 2@ 12090 - 12100 Resistance @ 12215 ...
No changes since yesterday ...Held the Support @ 71.20 and bounced from there and we are pretty much at where we were yesterday ... 71.12 - 71.17 remains the Support and given the not so pleasant CPI and IIP data USD INR should depreciate Resistance @ 71.35 - 71.40 Resistance 2@ 71.50 - 71.55 Posts are not recommendations!
Held the Support @ 71.18 and bounced from there and we are pretty much at where we were yesterday ... 71.12 - 71.17 remains Support till we get a fresh trigger in the domestic or global economy and 71.35 - 71.40 is the first Resistance. Posts are not recomendations!
Great day for both Nifty and Bank Nifty ... though both hit Resistance and coiled back but managed to close well in Green... Manage your trades at Support and Resistance levels no fresh triggers for a rally in sight as of now... Support @ 12090 -12100 Support 2@ 11975 - 12000 Resistance @ 12150 - 12160 Resistance 2 @ 12215 Posts are not recommendations!
Great day for both Nifty and Bank Nifty ... though both hit Resistance and coiled back but managed to close well in Green... Manage your trades at Support and Resistance levels no fresh triggers for a rally in sight as of now... Support @ 31100 - 31150 Support 2@ 30900 Resistance @ 31480 Resistance 2 @ 31700 Posts are not recommendations!
In the absence of any positive news expecting markets to remain range bound ... Till the time the world see a breakthrough in Coronavirus treatment or control we may juggle between Support and Resistance We closed at Support today ... next Support @ 30900 Resistance @ 31350 Resistance 2 @ 31480 Posts are not recommendations!
In the absence of any positive news expecting markets to remain range bound ... Till the time the world see a breakthrough in Coronavirus treatment or control we may juggle between Support and Resistance Support @ 11975 - 12000 Support 2@ 11925 - 11935 Resistance @ 12080 - 12100 Resistance 2 @ 12150 -12160 Posts are not recommendations!
The Support @ 71.30 held (almost) pretty well ... we are at Support I dont expect INR to appreciate much from here next Support is @ 71.12 - 71.17 and Resistance @ 71.35 - 71.40 Posts are not recommendations!
Coronavirus scare continues to spook world markets ... We are pretty much at Resistance though we may still go up if INR breach 71.65 otherwise 71.30 -71.35 is a good Support for USDINR. Posts are not recommendations!
New week ... The RBI policy bought the much needed fuel to Nifty but coronavirus scare and its after effects on world economy may continue to hung over .... Support @ 31050 - 31085 Support 2@ 30900 Resistance @ 31350 Resistance 2@ 31480 Posts are not recommendations!
New week ... The RBI policy bought the much needed fuel to Nifty but coronavirus scare and its after effects on world economy may continue to hung over .... Support @ 12065 - 12085 Support 2@ 11975 - 12000 Resistance @ 12150 - 12160 Resistance 2@ 12200 Posts are not recommendations!
Nifty Open : 11786.25 Low : 11783.40 High : 11986.15 Close : 11979.65 What a rally! Looking at the world markets recovering and Nifty being in the over sold territory I expected a relief rally but this was unexpected! We may further move up from here as crude prices have cooled down and rupee appreciated compared to dollar but till the time coronavirus...
Bank Nifty Open : 30235.30 Low : 30182.45 High : 30776.95 Close : 30686.70 What a rally! Looking at the world markets recovering and Nifty being in the over sold territory I expected a relief rally but this was unexpected! We may further move up from here as crude prices have cooled down and rupee appreciated compared to dollar but till the time...
Nifty Open : 11627.45 Low : 11614.50 High : 11749.85 Close : 11707.90 So we held the Support and failed to cross the Resistance at close. Rupee appreciated about 20p adds to the flair... if all goes well we should open in green. It remains to be seen if we will cross the next Resistance or will test the Support. Support @ 11600 - 11630 Support 2@...
Bank Nifty Open : 29811.75 Low : 29612.55 High : 30105.80 Close : 30023.25 So we held the Support and failed to cross the Resistance at close. Rupee appreciated about 20p adds to the flair... if all goes well we should open in green. It remains to be seen if we will cross the next Resistance or will test the Support. Support @ 29680 - 29740 Support 2@...
Phew! What a day! The markets were factoring in too much from this budget - the IT-Slabs reduction, LTCG changes etc but it all fell flat on its face!! Just managed to look at the charts so we found support @ 29740 -29775 (wasnt even looking at it) I do believe the low volumes contributed to this Doom's day! The coronavirus scare refuses to slow down .....
Phew! What a day! The markets were factoring in too much from this budget - the IT-Slabs reduction, LTCG changes etc but it all fell flat on its face!! Just managed to look at the charts so we found support @ 11600 - 11630 (wasnt even looking at it) I do believe the low volumes contributed to this Doom's day! The coronavirus scare refuses to slow down .....
Tomorrow is a day when technical analysis doesnt really work primarily because : (a) Budget day and (b) Low volumes There are a hoard of expectations around Budget bringing about changes in Personal tax slabs, LTCG in order to increase liquidity in hand. Positive or Negative news on this front will have a big impact on the market. In the meantime the global...