rahulbora11

rahulbora11

Currently SGX Nifty is 137 points negative compare to its previous closing, and if its closing time it was in a consolidation phase and may show some reversal and we may see some correction by tomorrow morning which may lead to a little gap down opening in NIFTY. In that case we may go for bearish trade if nifty forms a negative price action below 16217 level....

rahulbora11

Here are some important levels of Bank Nifty for tomorrow. #banknifty

rahulbora11

Tomorrow any opening between today’s close and 16413 level with a positive price action crossing over 16472 level a bullish trade can be initiated. Initial targets will be 16510 and 16583. Any opening above today’s closing again we have to wait for price action to complete to initiate a trade, however resistance levels will be fix. With any opening below today’s...

rahulbora11

Reliance Industries reached near its 52 weeks’ high today, forming a bullish engulfing candle, This Stock can be used for swing trading in coming days. Tomorrow if it crosses today’s high and able to sustain (hourly candle) or forms a positive price action (minimum 15-minute time frame), a bullish trade can be initiated. In that case buy price will be above 2800,...

rahulbora11

USDINR is following a upward channel, visible in daily chart and in consolidation phase from last almost one month. Similarly, a visible downward channel is also visible in four-hour time frame which is continuing for last fifteen days. Breakout from the consolidation phase in any direction may give this instrument a massive movement. #usdinr

rahulbora11

For any opening between 16340 to 16400 a bullish trade can be initiated, if nifty crosses 16400 level with a positive price action in 15-minute time frame. 16448 and 16481 will be the initial resistances. Next resistance levels will depend on price action only. Nifty crossing 16324 level without crossing 16364 level before, a bearish trade can be initiated....

rahulbora11

With flat or small gap down opening, if nifty crosses 16410 and sustain then a bullish trade can be initiated. 16481, 16557 and 16612 will act as major resistance, for any gap up opening of more than 50 points need to wait for price action to complete for an entry. With flat or any opening below 16416, nifty crossing 16409 level with negative price action (in...

rahulbora11

If nifty opens below 16635 and crosses this level with a positive price action, then a bullish trade can be initiated. 16718 and 16793 will act as major resistance. Foe any gap up opening over 150/180 points need to be careful. With any opening below today’s high (below weekly CPR) bearish trade can be initiated, when NIFTY crosses 16524 level, which is the...

rahulbora11

Lumax Auto Technologies Limited can be a good choice for swing trading for next week. This stock is trading over its monthly CPR, and will be above NEXT week’s CPR if able to sustain the level of 176, and daily RSI has crossed 60. Can be bought above 176, with stop loss of 170 and target levels of 184 and 194. Need to be careful about the low liquidity of the...

rahulbora11

At this time SGX Nifty is 116 points down then it’s previous days closings, and at fib level .786 which may act as support and probably may took a reversal, and then we may see a flat or small gap down for nifty on Monday. But if SGX Nifty breaches its current support level and continue its move then we may expect a heavy gap down of NIFTY on Monday. If NIFTY...

rahulbora11

Since Nifty has crossed 16600 level today and able to sustain hence it can be considered as bullish tomorrow if it continues the same trend. In any upside move breaking 16690/16700 we can enter into a bullish trade; nearest major resistances will be at 16834 and 17061 along with other minor resistances. If it breaks tomorrow’s CPR with negative price action a...

rahulbora11

Nifty continued its retracement today on 1 hour time frame, broke fib .236 but could not sustain. This trend will be continued as long as it remains below 16600 level. A downward trendline is visible, which will surely act as resistance tomorrow, if nifty opens below it, and for any opening above this line surely it will act as support. So, depending upon...

rahulbora11

Here are some important levels for nifty for 01.06.2022- Nifty has formed double top in 75 min time frame, and in 15 min time frame it broke its previous swing low. Hence it can be considered in retrenchment mode if we consider daily time frame. In this case we have to wait for tomorrow’s opening to predict its resistances and support levels. If nifty crosses...

rahulbora11

Here are some important levels for nifty for 31.05.22- for 15 minute time frame nifty is bullish. Key resistance will be at 16749, 16840 and 16931 levels if sustain the same trend. Again on daily time frame 200 period moving average is at 16750 level which will act as major resistance. Major support level will be at 16600. Other support levels will depend on...

rahulbora11

Dollar is near all time high against INR, and is following an uptrend channel from last six months. At this point 77.580 and 77.707 levels will act as crucial resistance. If it crosses 77.707 level then we may see new highs. But any negative price action below 77.580 level we may expect some downward move. In that case 77.350 will act as major support followed by...

rahulbora11

Here are some important levels for nifty for 30.05.22- for 15 minute time frame nifty is bullish. Key resistance will be at 16431, 16553 and 16647 level if sustain the same trend. Major support level will be at 16320 and 16217. Minor support will depend on opening of that particular day. With any positive price action above 16320 crossing PDH, we can go for...

rahulbora11

Here are the key levels of nifty for tomorrow. if nifty ably to sustain and form a positive price action above 16090 level which is fib .786 level then tomorrow it will form a positive up move. if it fails to sustain that level and broke tomorrow's bottom CPR at 16054 it will be bearish again. No analysis on OI based support for today, and for tomorrow according...