Nifty View 31/08/2019

August month with volatile trade ended with a doji candle. Nifty opened at 11060 and closed at 11023. What Next? A monthly doji candle indicates indecision between bulls and bears. From technical perspective, 200 DMA at 11210 is offering resistance and stock market has not been able to cross it after going below it on (more…)

Nifty outlook 14/07/19

Nifty has been trading in tight range of 11600 to 12000-12100 for last 2 months. Last week it broke this range. MA crossover and MACD crossover suggest that we may see a down move as long as Nifty spot trade below 11600. A less risky trade is to short nifty future when spot is near (more…)

Banknifty views 13/05/2019

As mentioned last week, banknifty gave 500 points. On weekly chart, banknifty turned bearish with stochastic crossing below 80 and MACD ready to cross down. Banknifty might touch 28000 before bouncing back. Its sale on rise now. No good trade seen, one possible trade is short at 28500 with 28700 SL for target of 28000. (more…)

Nifty Views 13/05/2019

As mentioned last week, below 11485 nifty gave 200 points trade. Nifty on weekly chart has turned bearish with stochastic crossing below 80 and MACD about to cross down. Nifty might get support near big round number of 11000. However Monthly chart indicates big possibility of nifty touching 10817 before any bounce. Please trade carefully (more…)

Nifty Views 05 May 2019

Nifty is showing indecisiveness, understandably so since we are approaching the big events. On technical front, on daily chart MACD is turning downwards and stochastics is indicating down move. MACD on weekly is indecisive, Stochastic is in bullish territory. If you must trade then Nifty spot between 11865 and 11485 is non trading range. Breakout (more…)

Banknifty Views 05 May 2019

Banknifty is at very crucial juncture. MACD on daily in near 30 and pointing down, stochastic is indicating down move. Stochastic on weekly is on verge and may cross 80 on downside or may turn up. If it turns up then we can expect huge upside in coming days. MACD on weekly chart is not (more…)

Nifty Trading range 10-10-18

Nifty is developing a trading range of 10400..10200 for last 2 days. Breakout side should give 200 points.

Banknifty on 30-09-2018

Banknifty ended an splendid month at 25134..creating a big range of 28203..24678.

What next? Usually after such a long move..it moves within previous month range or continue the trend i.e. downtrend.

Nifty On 30-09-2018

Nifty

Nifty ended an splendid month at 10930..creating a big range of 11750..10850.

What next? Usually after such a long move..it moves within previous month range or continue the trend i.e. downtrend.

Nifty and Banknifty – At Crucial Junctions

Nifty and Banknifty are trading in the triangle as shown in charts. These are futures chart. A breakout for both is imminent. Both can move rapidly in the direction of breakout. Banknifty – Price is closer to lower trendline, touching 20 MA as well. Daily MACD has crossed on down side.  Even after 9 sessions, (more…)