#Nifty Spot (Close - 15740) Nifty spot again seen a very narrow movement. Still the trend is Bullish & Positive.
A Big Day is likely in this week, Most probably on positive side.
Nifty nearest support is seen at 15600 & then 15500.
Nifty Only breaking below 15500, will be said to be gone for Sideways consolidation, till the time trend remains up. Nifty nearest hurdle 15850 & then 16050.
#BankNifty (Close - 35085) BankNifty has seen some selling pressure, which signs profit booking ahead. BankNifty Breaking below 34900, May see some more profit booking till 34300 - 34000. Only & Only below 34000, BankNifty may be aggressive in selling pressure. On the higher side 35600 remains strong hurdle, If crossed over we may see 36000 coming faster & once 36000 is crossed over BankNifty will be Fully aggressive to catch 36700 & 37800. Need to watch BankNifty's behavious carefully
#index
A Big Day is likely in this week, Most probably on positive side.
Nifty nearest support is seen at 15600 & then 15500.
Nifty Only breaking below 15500, will be said to be gone for Sideways consolidation, till the time trend remains up. Nifty nearest hurdle 15850 & then 16050.
#BankNifty (Close - 35085) BankNifty has seen some selling pressure, which signs profit booking ahead. BankNifty Breaking below 34900, May see some more profit booking till 34300 - 34000. Only & Only below 34000, BankNifty may be aggressive in selling pressure. On the higher side 35600 remains strong hurdle, If crossed over we may see 36000 coming faster & once 36000 is crossed over BankNifty will be Fully aggressive to catch 36700 & 37800. Need to watch BankNifty's behavious carefully
#index
#MIDCAP100
β οΈMONTHLY TIME FRAME RSI IS ABOVE 70
β‘WHENEVER IT TOUCHED 80 LEVELS INDEX CORRECTED
π₯FIBONACCI LEVEL1 AT 25850
π₯SUPPORT LEVEL 2 AT 50 EMA 25400
β οΈMACD BEARISH CROSS SEEN ON DAILY TIME FRAME
π―RESISTANCE 27K , 27.5K
MY VIEW BEARISH β οΈ
Index can fall minimal 1000 points till 25500 level
That will be a good support for bounce or buying opportunity.
Any bounce will be selling opportunity or profit booking opportunity for short term traders
#index
β οΈMONTHLY TIME FRAME RSI IS ABOVE 70
β‘WHENEVER IT TOUCHED 80 LEVELS INDEX CORRECTED
π₯FIBONACCI LEVEL1 AT 25850
π₯SUPPORT LEVEL 2 AT 50 EMA 25400
β οΈMACD BEARISH CROSS SEEN ON DAILY TIME FRAME
π―RESISTANCE 27K , 27.5K
MY VIEW BEARISH β οΈ
Index can fall minimal 1000 points till 25500 level
That will be a good support for bounce or buying opportunity.
Any bounce will be selling opportunity or profit booking opportunity for short term traders
#index