Charts for the Day

[timepass]

Yeah, and there is a 20 cross 50 in both nifty and banknifty today. Just an obsrevation.

Banknifty has that gap around 26300

 

[sphameed]

Nifty change course downward when hit near 10700 mark (golden fibo 50% ratio and upper trendline) target may appear to 10100 or 9700 for now.
this intention on my view for practice not to trade.

PS: History Always repeat. correction so good for market.
sphameed

 

[sphameed]

Tatasteel on my view wait until 700 mark to take decision.
pcr on selling favour.

PS: I believe every long upper shadow and lower shadow must tell something we roger on that

 

[anil_s_trivedi]

As analysed bulls did hold those levels since wednesday and opened gap up on friday straight into our 'first sign of strength zone of 10420 holded well kept climbing whole day...

Today again we opened gap up and we know levels to watch for are 10600-10610 levels...also we are having confluence of moving averages there with 21 SMA and 50 SMA waiting with horizontal S/R zone...

So we know holding that zone will put bulls in control of the market and they can chase higher from there...all eye on above zone now...

Again we opened a gap up today, a third gap up from lows...but failed to close above previous close leave alone previous highs...In simple two bar analogy its a reversal pattern where market opened gap up above previous days high but failed and closes below previous days close...

Tomorrow fight will be seen at 10575-580 zone..sustain above that can test towards 10650 levels...a Month closing coming tomorrow bulls will eyed to clear 10650 to showcase their strength if any, else bear will grab the chance...

Will update changes if any tomorrow...

 

[sphameed]

Today maybe pharma take down nifty only dr reddy on good mood SGX down 60 point
nifty immediate resistance @ around 10620
waiting for result

 

[anil_s_trivedi]

 

[anil_s_trivedi]

Participants expecting good GDP numbers it seems...buying relentlessly...let see the close at EOD...how much of it can hold off!

 

[anil_s_trivedi]

Participants expecting good GDP numbers it seems...buying relentlessly...let see the close at EOD...how much of it can hold off!

Oops. the run up was so lull...it just moved up in stairs and down like like a waterfall....god save the intraday players...sucking money in/out ....

 

[anil_s_trivedi]

Nifty update:

Nifty needs a immediate pumping up by bulls else 10120-140 levels sooner on cards...Monthly Feb closing was not good one...and if markets breach lower of FEb month then more bearishness on cards...

Below 10100 zone possibility of testing 9740-60 much much higher...

For bulls, holding 10430-10450 is short term positive can towards 10600 levels...Above 10610-10630 zone bulls can fire for the upside levels...You can say a major shift can happen if bulls clear 10610-10630 zone...

 

[anil_s_trivedi]

Short term support 10420-430 zone...