DOW is at very crucial trendline support and horizontal support of 33500. If this trendline support and levels break then it can go down till 33000 and then 32000 in next few sessions. 19/5/2021
NIFTY BANK near a multi year trendline resistance on MONTHLY chart. Failed to breakout on upside in FEB 2021 expiry. Seems to be in a PULLBACK on WEEKLY chart.32500 looks to be Pullback support levels. #VESTTIT
NIFTY BANK near a multi year trendline resistance on MONTHLY chart. Failed to breakout on upside in FEB 2021 expiry. Seems to be in a PULLBACK on WEEKLY chart.32500 looks to be Pullback support levels. #VESTTIT
Banknifty has made 2 dojis on 30 min chart and it can blast up from here anytime now. watch out
ITC @ 207, next immediate support @ 200 which is also a psychological level. It can give a decent bounce in couple of days after touching this level. keep on watchlist. Immediate resistance at 215.
USOIL is at very crucial supply zones as it seems. It's near a multi-year resistance levels (earlier used to be support) of $59-$62. It is also facing a multi-year trend line resistance having 4 touches till now. So, wait for these zones to be broken on upside for initiating any long positions further. It can also consolidate around here for sometime before giving...
Gold is at very important support levels on monthly chart. 1770-1775 is the level to watch out for on monthly closing basis(FEB). If this level breached on downside with volumes then only SHORT SELL. If it respects this support zone then further long positions could be initiated. So watch out.