Domestic Market View Nifty : Today RBI Policy at 11:45 AM, .25 BPS is already market discounted, Now if we get more than .25 BPS then it would be a surprise for market. Nifty Support 12000-11960, Resistance 12100-12200. Due to Event, High fluctuation will be there, so there is no need to share chart today. Bank Nifty : Support at 31550-31400, Resistance at 31750-32000. I am expecting Rate cut Between .25-.45 BPS. GDP Growth at…
Domestic Market View Nifty : Nifty & Sensex finally closed above 12000 and 40000 respectively, Nifty as per yesterday Charts if sustain above 12040 then minimum move would be 70-120, it already moved 60 points, now today if Nifty Future come back to 12040 then Buy nifty future with stop loss of 11880 and target would be 12200. Yesterday FII Bought shares worth of 1800 Cr. Bank Nifty : Bank Nifty under-perform Nifty, no strength…
Domestic Market View Nifty : Index respected previous resistance of 12040, and then crashed 200 points from higher levels, Some big order wrongly punched and then algos created panic of 200 points in nifty. Nifty Support 11830, Resistance 12040, If Nifty break upper or lower levels then expect minimum 70-120 points movement. Bank Nifty : Support at 31200, Resistance 31750. Movement will be on 6th June ( RBI policy). Global Market View US market closed…
Nowadays Many stocks are running like there is no tomorrow, But all will not sustain Higher levels, Many will give you trap also. Is your Stocks good or Bad ? Here you can check through some process of Technical Analysis. There is no rocket science, You just require some step to check it, In this way we can Identify whether the stock made bottom or not. Here I am talking about Mid/Small caps Because in…
Domestic Market View Nifty: Index closed at Highest ever Closing mark, A big Bullish Candle indicating rally to continue for next few days, Next Heavy resistance 12040, if it closes above this, then 12200 will be there in quick time. Yesterday also Nifty not able to cross 11960, sustaining about 11960 is important for market. ( Due to Monthly expiry that’s why there was no Daily Report Yesterday). Yesterday FII Bought shares worth Rs 1664…
Domestic Market View Nifty: As per yesterday Report/chart nifty support was 11860, and yesterday it hit low of 11864 and bounced 60 points. There is no heavy movement in market, VIX closes below 16, now heading towards 14. Today again Nifty will try to mark 12k. Nifty Range 11960-11860. Above 11960 then 12040, Below 11860 then 11800. Bank Nifty: Support 31340, Resistance of 31705, Above 31705 if sustain then it will try to touch 31840-32000.…
Domestic Market View Nifty : As per the Yesterday Report, Nifty tried to come near 12k level, but there was no more thrust left in nifty after it mark down 11960, so it’s look like it will touch new high again but Bulls have to do more work now. No Major news in market till 30th May, so next 2-3 days will be consolidation range of 150 Rs Up/Down. I am expecting Monthly expiry above…
Domestic Market View Nifty : Overall Nifty will try to be in range of 11600-11900, On upside if some Intraday rally is there then it will try to gain back 12k mark, But not so easy to sustain above 12k mark Heavy Resistance. Market is now in uncharted territory, I will wait till 2-3 June so that market will show us some more good chart. VIX Cool down so don’t expect any high fluctuations. Bank…
I am expecting minimum 4% up and down movement on Market Index. Rest all depends on the Surprise, if there is any surprise in market then expect 6-8% up/down movement, Here surprise means If NDA get more then 380 seats, or IF UPA get more then 250 seats, this is called surprise in market terms. Large-caps will trade in range of 3-6% Mid-caps will trade in range of 6-12% and small caps can hit 20%…
A surprise in election result then VIX will touch 33-38 levels, Nifty will try to touch 12300-12500 levels before election result. Everyone is factoring BJP win on 23rd May, But what if about Congress win? A surprise in these kind of events will create more volatility in market and in this case VIX will touch 33-38 levels. Buy on rumors and Sell on news The rally which is going on, is till election result only.…