Defence Index

The resistance at 21677 has worked and even the recent bubblings in the stoks have kept it below it, Further upmove will only happen once the major resistance is broken.

RAILWAYS index is in accumulation zone, find your favorite stocks or accumulate the Railway ETF in this zone, sooner or later we will see the end of this accumulation and beginning of a break out similar to the Defence Index.

Good morning 😁

*Clears Throat*

Put writers can hold they'll go to zero.
Call writers Ram Naam Satya Hai
Call buyers Book most at opening
Put buyers Call writers ko kandha den.

Dont get blinded by the big gap up. Nifty is still in range.

For Gold I'll wait for the price touching Weekly 10 EMA.

Nifty Break out or fake break out level would be 24590-24600

Compare and understand.

1. Spot has broken out.
2. No break out in Fut
3. If Fut returns from resistance It will look like a fake BO in Spot.

Now the Fut is at resistance

Many times you will see break outs but no movement after that, because Fut has not broken out and that is at resistance. which makes you see a resistance type block in spot even after break out

To get more hints see these other charts along side.

vis is forming base.
Midcap and small cap are in range since they opened.

No one will ever tell you these small small things. 😂

Look at the difference in momentum when spot breaks out vs when Fut Breaks out.

Bosch People! 🕺
31000

Train Index 5% up.

Russia proposes joint production of S-500 air defense system to India again.