Technical Trendz - Indian Stock, Commodity & Currency Market Prediction
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This Channel is meant to provide technical views on Indian & International Fin Markets. All the views expressed here are only for educational purposes.

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Formerly a Research Analyst from SEBI's NISM

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Ta
Hello everyone!

Last week US markets S&P500, DJIA, Nasdaq have broken short term trend reversal pattern on the downside. S&P500 may go down 200 points from the current levels of 3307. Which is 6% from the current levels.

Although Nifty had shown its strength towards upside in recent days when compared to the US markets. We can expect to see Nifty's downside levels to 11375, 11265 in the coming week or so.

Bank Nifty has also broken a similar pattern to the US markets downside.

So, stay on sell-side only in the coming week.

Ta
Nifty's upside resistance would be between 11500-11510
As mentioned Nifty has started it's journey downwards and made low of 11369.
Bajaj Electric has taken support at 471, if you want to hold for medium term then your stop should be 445. It's a good stock to hold for medium term
Nifty has achieved 2nd Target of 11265 and currently trading at 11260
As of now S&P500 - 2.8% (90 points) down..And trading at 3230
Hello everyone! I am expecting Nifty to test 10800-900 levels in near term. Don't sell at current levels, wait for the bounce back to the levels of 11300. I can update you on this later on
As expected Nifty and Bank Nifty has taken beating. As they are in over sold situation wait for the bounce back
You may start accumulating from Nifty's 11000 levels, again I can update on this...
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