Hello everyone!
Technical Prediction for 27th January,
Nifty and Bank Nifty had closed at 14239(0.93%) down and 31198,(0.10%) up respectively on Monday. Reliance has closed @ 1941 (5.30%) in the negative.
The overall market has gone into the bear's grip.
Wipro has met Target1, which was high of the day and low was at 435.15 just above the stop loss and closed at 437.25. You may exit your remaining positions at cost or close to it.
I can give you fresh calls during the market hours.
Technical Prediction for 27th January,
Nifty and Bank Nifty had closed at 14239(0.93%) down and 31198,(0.10%) up respectively on Monday. Reliance has closed @ 1941 (5.30%) in the negative.
The overall market has gone into the bear's grip.
Wipro has met Target1, which was high of the day and low was at 435.15 just above the stop loss and closed at 437.25. You may exit your remaining positions at cost or close to it.
I can give you fresh calls during the market hours.
Hello everyone!
Technical Prediction for 28th January,
Nifty and Bank Nifty has closed at 13967(-1.91%) and 30285(-2.93%) down respectively on Wednesday. Reliance has closed at 1895 down by (-2.37%).
As mentioned markets have continued its downtrend. If Reliance stays below 1900 for a few more days it can go to the levels of 1800 and 1700 soon and as mentioned earlier Bank Nifty has shown its strength in pulling Nifty down. If these two Reliance and Bank Nifty join hands, then I don't have to say, you guys can imagine where Nifty can head. So, now Nifty is on-sell on a rally.
But there is no chance tomorrow to sell in the opening gap down as International Markets have started it's corrective mood so that sgxNifty is trading currently at 130 points down (at the time of writing this post).
Today (Thursday) will be a Weekly and Monthly expiry and also with this big morning gap down and oversold situation there may be a chance of short-covering later on during the day (reversal may happen). So, we have to wait for the bounce back in the Nifty or Bank Nifty to take a safe entry.
So, let's wait for the right opportunity. I am afraid I couldn't make one yesterday, but I will try to give today.
Technical Prediction for 28th January,
Nifty and Bank Nifty has closed at 13967(-1.91%) and 30285(-2.93%) down respectively on Wednesday. Reliance has closed at 1895 down by (-2.37%).
As mentioned markets have continued its downtrend. If Reliance stays below 1900 for a few more days it can go to the levels of 1800 and 1700 soon and as mentioned earlier Bank Nifty has shown its strength in pulling Nifty down. If these two Reliance and Bank Nifty join hands, then I don't have to say, you guys can imagine where Nifty can head. So, now Nifty is on-sell on a rally.
But there is no chance tomorrow to sell in the opening gap down as International Markets have started it's corrective mood so that sgxNifty is trading currently at 130 points down (at the time of writing this post).
Today (Thursday) will be a Weekly and Monthly expiry and also with this big morning gap down and oversold situation there may be a chance of short-covering later on during the day (reversal may happen). So, we have to wait for the bounce back in the Nifty or Bank Nifty to take a safe entry.
So, let's wait for the right opportunity. I am afraid I couldn't make one yesterday, but I will try to give today.
Nifty's immediate support is at 13700
Buy Nifty cmp @ 13810 that 50 points
Nifty made low of 13713
13790 broke, but still can hold
If 13840 breaks upside, can go to 13870 or if 13780 breaks down side exit.
Coming Soon !!
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Hello everyone, due to the Union Budget today, there will be a lot of volatility so we avoid trading on these days..
Buy HDFC cmp @ 2546
For positional hold
Technical Trendz - Indian Stock, Commodity & Currency Market Prediction
Buy HDFC cmp @ 2546
Book profits in HDFC current price at. 2720
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Sell
Reliance current price at 1870. Stop Loss 1920 ( these are spot levels)
Positional call
Reliance current price at 1870. Stop Loss 1920 ( these are spot levels)
Positional call