AnbHfund

AnbHfund Updated 

Macd breaks out of range. waiting for a pullback to enter longs !!

AnbHfund

The 20 lac crore package details have been out -- nothing much on this front. So Nifty 50 will move in sync with spx500 and other global indices which are showing a bullish case for now. So for this week am neutral to bullish on all indices across the globe and this rally will come to end by the may or soon followed by new lows in coming months.

AnbHfund

Nifty 50 broke out of the range 8900-9300 levels in last week, so trend remains bullish only above 9500.As chances of a reversal is very high with monday a gap down opening of about 400-500 points, expecting a sideways to bearish trend this week. Any close above/below these levels on 15 min time frame chart this week: Looking for a Minor Long Above : 9500 Looking...

AnbHfund

With negative sentiment cooling off amid talks of opening up of economies, chances of correction in Dollar index. As of now no clear trend but there is a divergence between the Dollar index price and macd, so in case macd breaches the zero level, shorting opportunities would open up in Dollar index.

AnbHfund

Nifty 50 index is still in a range of 8900-9300 for the past 2 weeks. No clear trend is visible for the time being for this week as of now. Any close on 15 min time frame chart this week, looking for these levels Minor Long Above : 9350 Minor Short Below : 8900 Longer term trend remains on downside, so in case we get a close below 8700 on Nifty 50 on hourly...

AnbHfund

Most of the world markets are showing rebound from the yearly lows in an abc consolidation pattern. Even Nifty is showing the same pattern on hourly charts. For the next week expecting a range bound move around 9000 levels, may be a slight upside and then a reversal for a bear rally for new lows in coming weeks. As Nifty is still trading above it’s hourly level...

AnbHfund

Clear divergence happening in Gold as prices are rising but macd is not rising with respect to price. Mostly this happens at the end of a rally. Already gold has has recovered all the gain lost in last 2 weeks,So for this week expecting another bullish move to continue till 1800$ lvls. And would then look for this rally to stall and start to correct. As per my...

AnbHfund Updated 

Brent CrudeOil is retesting its breakout levels of 65 !! with an abc correction pattern .. Long at cmp with SL at 65 for targets of 74-75 lvls and in case if crudeoil breaks 65 lvls then will go short for 60.40 lvls !!

AnbHfund

Crude/Brent oil trading near to resistance zone levels of 64-65 $. Looking for the start of EW count of wave 3 on downside, if correct. With Aramco IPO out of way, it's time crude again starts its down movement. MACD also inside a triangle range.

AnbHfund Updated 

Nifty after a false breakout from 11100 is now trading at 10600 levels !! Nifty EW Count : Most likely wave 1-2 with wave 2 in play on upside -- Look for shorting at higher levels of around 10790 first fib lvl !! Nifty level : Short around 10790 - 10850 : Target - 9400-9000 : SL - 10900 Long above 11015 only !! Keep in mind if Nifty EW count...

AnbHfund Updated 

Fed Put : Fed has just dragged it's feet on Rate Hikes and on Balance sheet reduction program. So FED has now placed a fed put which is bullish for stock markets across the world. EW Count : Either Nifty is in wave 5 or in wave B. Nifty lvl : Long above 11000 on Weekly Short below 10700 on Weekly For the time being be Neutral to Bullish on Nifty & Bank Nifty...

AnbHfund Updated 

Yesbank broke below its trendline support on monthly charts. Clearly Banknifty has made its life high for next 2-3 years. The 2008 bears are back. Target : Accumulate Yes Bank around 120 in next 1 year !! Expect 50 - 70 % cut from life highs in all major Nifty 50 stocks barring pharma which is already corrected.

AnbHfund Updated 

EW Analysis : SPX500 is in pullback mode from lows of 2340 and is showing a clear abc pattern on upside. EMA 50 : SPX500 is now closer to 50 EMA level of 2685 which is also 50 % fib level from recent lows. Long above 2820 on Daily close ! Short below 2630 on Daily close ! Keep in mind that the uptrend was broken and bulls are still not in mood to give...

AnbHfund Updated 

Nifty is looking weak as its Bluechips HDFC & HDFC Bank both have broken imp levels on downside. Trendline support for MACD is broken and if Nifty starts to trade below 10790 it would open lower targets of 10740 !! Most Probably Nifty is now in Wave 3 on downside !! Short Nifty @ CMP ( 10840 ) Target : 10743 & 10631 Sl : 10860

AnbHfund

EW Analysis : BN is in pullback mode from lows of 24400 and is showing a clear abc pattern on upside. Trend Breakdown : BN breached the up-trend in Sept 2018 which started from Mar 2016 and is now retesting the up-trend support which now becomes resistance for BN. Supertrend Resistance : Any weekly close above 27800 on BN would change the bearish signs...

AnbHfund Updated 

Nifty is struck in a range and the range is getting smaller & smaller !! It's only a matter of time that Nifty breaks this range and sets the trend. On Hourly Charts :- Break Above 10900 : Long Nifty for Target 11200 Break Below 10730 : Short Nifty for Target 10000 Till then wait & watch !!

AnbHfund

Nifty broke the support trendline yesterday but instead of continuing to go down it changed its trend and now has broken its upper resistance trendline !! Long Nifty @ 10820 on Hourly : Target @ 11200 Stop Loss @ 10780 Also ABCDE pattern which is now clear going to push above the resistance and move towards 11200 !!

AnbHfund

Sell SPX500 below 2560 on hourly. Wave 1-2 in play on upside !! Look for gapdowns which would mean start of wave 3 !!