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...
Today Bank Nifty tumbled below the Support @ 30600 but thankfully managed to close above it.. Hopefully we should move up from here but it all remains to be seen... as the news of first confirmed case of Coronavirus in India has already hit Support @ 30600 Support 2@ 30450 Resistance @ 30800 Resistance 2 @ 30950 Posts are not recommendations!
12150-12170 is acting as a stiff Resistance for Nifty and so is 12000 as the Support .. Hopefully we should move up from here but it all remains to be seen... as the news of first confirmed case of Coronavirus in India has already hit Support @ 12000 Support 2@ 11925 - 11935 Resistance @ 12085 - 12100 Resistance 2 @ 12150 - 12170 Posts are not recommendations!
Just like yesterday, Nifty opened in Green (and close too) but unable to sustain or cross the Resistance @ 12165 came back to test Support @ 12100 Not much changes to the Support and Resistance levels Support @ 12085 - 12100 Support 2 @ 12000 Resistance @ 12150 - 12160 Resistance 2@ 12215 Traders seem to be caught between the Corona Virus scare and the...
Just like yesterday, Bank Nifty opened in Green (and close too) but unable to sustain or cross the Resistance @ 31075 came back to test Support @ 30880 - 30900 Not much changes to the Support and Resistance levels Support @ 30600 Resistance @ 31050 - 31075 Resistance 2@ 31450 Traders seem to caught between the Corona Virus scare and the much anticipated...
World markets continue to struggle amid coronavirus scare ... Nifty after opening in green was unable to cross the Resistance @ 31050 and tumbled down to test another Support.. Fortunately the Support @ 30600 remains intact and will be an important level to watch... Support @ 30600 Resistance @ 31050 - 31075 Resistance 2 @ 31450 Rupee seems to be fairly...
World markets continue to struggle amid coronavirus scare ... Nifty after opening in green was unable to cross the Resistance @ 12160 and tumbled down to test another Support.. Fortunately the Support @ 12000 remains intact and will be an important level to watch... Support @ 12000 Support 2@ 11925 - 11935 Resistance @ 12085 - 12100 Resistance 2 @ 12150...
Coronavirus scare spooked the world markets ... and Nifty broke all support so now we either bounce from here or the support @ 12080 - 12100 or we go even lower... Trade with caution Support @ 12085 - 12100 Support 2@ 12000 Resistance @ 12150 - 12160 Resistance 2@ 12215 Posts are not recommendations!
Coronavirus scare spooked the world markets ... and Bank Nifty broke all support so now we either bounce from here or go to 30600 or maybe even lower... we unfortunately do not have a solid support after 30600 until 30050 Trade with caution Support @ 30600 Resistance @ 31050 - 31075 Resistance 2@ 31450 Posts are not recommendations!
On Friday market bounced from Support area @ 30880 - 30900 and managed to close above the first resistance @ 31200 While most are anticipating a pre budget rally ... the coronavirus outbreak in China might just be a spoiler Support @ 31050 - 31075 Support 2 @ 30880 - 30900 Resistance @ 31450 Resistance 2 @ 31600 Trade with Caution Posts are not recommendations!
On Friday market bounced from Support area @ 12150 and managed to close above the first resistance @ 12215 While most are anticipating a pre budget rally ... the coronavirus outbreak in China might just be a spoiler Support @ 12200 Support 2 @ 12150 - 12160 Support 3 @ 12085 Resistance @ 12300 -12315 Resistance 2 @ 12360 - 12375 Trade with Caution Posts...
As expected the market bounced from Support and closed higher just shy of breaching the Resistance 2 @ 31200 Tomorrow looking at the global market's reaction to China virus ...seems like we will test Support again. Also despite of crude oil prices cooling down; rupee has depreciated considerably ... Support 1@ 30885 - 30900 Support 2 @ 30770 Resistance 1...
As expected the market bounced from Support and closed higher just shy of breaching the Resistance 2 @ 12200 - 12215 Tomorrow looking at the global market's reaction to China virus ...seems like we will test Support again. Also despite of crude oil prices cooling down; rupee has depreciated considerably ... Support 1@ 12085 Support 2 @ 12000 Resistance 1...
Nifty seems to be breaking one Support after the other... The early bounce in the morning could not sustain .. tomorrow market will react to L&T, Axis Bank Q3 result Crude prices have fallen considerably and USD seems to be recovering this might help in a little relief tomorrow.. Till then Support 1@ 12085 Support 2@ 12000 Resistance 1@ 12150 - 12160...
Bank Nifty seems to be breaking one Support after the other... The early bounce in the morning could not sustain .. tomorrow market will react to Axis Bank Q3 result Crude prices have fallen considerably and USD seems to be recovering this might help in a little relief tomorrow.. Till then Support @ 30500 - 30550 Support 2 @ 30325 Resistance @ 30900...
With so much movement in the last 2 sessions thats the best I could plot Markets seems to be testing one support after the other Thankfully we closed above the Support @ 30900 Expecting markets to bounce a bit from here ... The Q3 results will be the major factor before the much anticipated budget rally Support @ 30900 Support 2: 30780 Resistance @ 31200...
Markets seems to be testing one support after the other we are now at a solid support of 12150 - 12160. Expecting markets to bounce a bit from here ... The Q3 results will be the major factor before the much anticipated budget rally Support @ 12150 - 12160 Resistance @ 12200 - 12215 Posts are not recommendations!
Nifty Open: 12430.50 High: 12430.50 Close: 12224.55 What a day! Expected market to react strongly to HDFCBANK, RIL result but this was big! Markets are expected to stay volatile .. Trade with caution! Support @ 12200 - 12215 Resistance @ 12300 -12315 Posts are not recommendations!