MarketsWithKR

MarketsWithKR

Gold has been a consistent performer even when the equity markets faced a bit of headwind. It's now reached an important zone – 23.6% FIB, RSI 60 and 50MA on the Weekly chart. Clearing this level and holding above 50,000 could be pretty important in reclaiming the ATH!

MarketsWithKR Updated 

The monthly chart shows rejection at 23.6% FIB. However, it's above an important zone of around 270 from where the price has previously reversed. RSI is also 60 which is good. Weekly RSI is 60 as well, a good sign. It appears to have formed an HH and an HL for now. However, price rejection at higher levels seems apparent. The Daily chart shows RSI at 60,...

07:06

MarketsWithKR

Today was a positive day for #nifty, but #banknifty slowed down and moved very choppily in a narrow range. The HDFC triplets (HDFC Bank, HDFC, HDFCAMC) saw some weakness today. Banknifty is kissing the 50MA on the hourly chart and is at RSI 50, but Nifty is well above both those levels. Important Nifty levels and Banknifty levels for tomorrow: Levels for Nifty:...

05:56

MarketsWithKR

Despite showing strength for most of the week, the #stockmarket tumbled with #nifty and #banknifty falling quite drastically from their highs. However, they are both above the 50DMA and are still well within the bullish channel which still makes the top two indices of the share market bullish. Important Nifty levels and Banknifty levels for tomorrow: Levels...

MarketsWithKR Updated 

Daily RSI is above 60 and Monthly RSI is taking support at 60. Volumes seem healthy on bullish days. Finance stocks in general are a little slow today, but the potential exists. An ideal entry might have been when the price first closed above the 50MA on the Weekly chart. NSE:MUTHOOTFIN

07:11

MarketsWithKR

Nifty saw an interesting finale to the week by hitting an ATH, closing above the previous ATH too. Banknifty trend appears bullish because it's moving within a bullish channel, even though it continues to underperform Nifty by a fair margin. Nifty sustaining above prev ATH is a very bullish sign. Banknifty has sustained 35,000 levels after a retest, too. VIX ended...

MarketsWithKR Updated 

Very cool how 6k psych, zone and trendline resistance have all come around the same level for NSE:CNXCONSUMPTION . To top it off, the day's candle shows suppotr. Curious to see how this plays out... From what I could observe, the index has underperformed NSE:NIFTY so I wonder if it may try to play catch-up now?

MarketsWithKR Updated 

NSE:KOTAKBANK is sandwiched between the trendline & 50DMA and the 200DMA. Interestingly, NSE:BANKNIFTY has created HL-HH while Kotak has created lower highs and appears to have formed a descending triangle.

05:59

MarketsWithKR

Nifty saw an extremely choppy Thursday monthly expiry with a healthy buying at all dips, helping it closed highest ever Nifty & Banknifty trend appears bullish because they are both moving within a bullish channel. Nifty has held on to 15,350+ levels today which is a bullish sign. Banknifty has sustained 35,000 levels, too. VIX ended -4.6% and IT stocks continued...

05:09

MarketsWithKR

Nifty saw a bearish-biased day with a relief rally helping it close above p.close, indicating buying at lower levels. The broader Nifty & Banknifty trend appears bullish because they are both moving within a bullish channel. Nifty has held on to 15,200 levels today as well which is a good sign, whereas Banknifty rejected 35,000 today as well. Important Nifty...

05:06

MarketsWithKR

Nifty saw a very volatile session today but ended well within the range forming a doji/spinning top on the Daily chart. The broader Nifty & Banknifty trend appears bullish because they are both moving within a bullish channel, but Nifty today rejected 15,200 and Banknifty today rejected 35,000. Important Nifty levels and Banknifty levels for tomorrow: Levels for...

04:59

MarketsWithKR

Levels for Nifty: 14,730, 14,820, 14,850 -- 14,970, 15,050, 15,140 Levels for Banknifty: 32,580, 32,750, 32,920 -- 33,630, 33,700, 34,000 Disclaimer: not SEBI registered.

04:58

MarketsWithKR

Let's talk about important levels for #nifty50 and #banknifty in under 5 mins. In this quick analysis of nifty and banknifty and the stock market for tomorrow, we can see some important strikes for potential option trades, levels and an explanation for what happened today. Levels for Nifty: 14,730, 14,820, 14,850 -- 14,970, 15,050, 15,140 Levels for Banknifty:...

04:54

MarketsWithKR

Important levels and my reading of NSE:NIFTY and NSE:BANKNIFTY for tomorrow, 19th May 2021. Please like/share/subscribe on YouTube if you found this helpful and follow on TradingView. Disclaimer: not SEBI registered.

04:51

MarketsWithKR

Important levels and my reading of NSE:NIFTY and NSE:BANKNIFTY for tomorrow, 19th May 2021. Disclaimer: not SEBI registered. Please like/share/subscribe on YouTube if you found this helpful and follow on TradingView.

05:00

MarketsWithKR

Important levels and my reading of NSE:NIFTY and NSE:BANKNIFTY for tomorrow. Disclaimer: not SEBI registered. Please like/share/subscribe on YouTube if you found this helpful and follow on TradingView.

MarketsWithKR

After recovering from the retracement, MCX:GOLD1! is headed towards the trendline resistance. With equities facing some headwings globally, gold might be in focus from a swing/positional pov. Closely monitoring as I'd booked profits approx at current levels a couple of weeks ago. With the 50 weekly MA also approaching soon (48900 levels) it will be interesting...

04:58

MarketsWithKR

Important levels and my reading of NSE:NIFTY and NSE:BANKNIFTY for tomorrow. Disclaimer: not SEBI registered. Please like/share/subscribe on YouTube if you found this helpful and follow on TradingView.