iSauravKr

iSauravKr Updated 

Thanks for coming to this update. Before you start reading kindly hit that like button. It motivates me to keep doing such work for free. Thanks Nifty has had a good uptrend from the past few sessions after breakout from the ascending triangle and has been rallying since 17th June. But this kind of move has to stop somewhere and at which point we may see either a...

iSauravKr

Thanks for coming to this update. Before you start reading kindly hit that like button and follow. It motivates me to keep doing such work for free. Thanks As already highlighed in the previous posts, 10,330 and 22,000 levels are very important resistance zone for Nifty and BankNifty. In today's session, we saw both of them getting rejected after testing those...

iSauravKr

Thanks for coming to this update. Before you start reading kindly hit that like button and follow. It motivates me to keep doing such work for free. Thanks After getting rejecting from the ALL TIME HIGH region, NASDAQ tried to retest that zone again and saw a rejection once more. But even though it saw a rejection, there is a good chance now that with subsequent...

iSauravKr

Thanks for coming to this update. Before you start reading kindly hit that like button. It motivates me to keep doing such work for free. Thanks After a series of green days in the market, BankNifty is now again in the resistance zone from which it has been rejected multiple times in the past. But, given the fact that this zone has been tested multiple times and...

iSauravKr

Thanks for coming to this update. Before you start reading kindly hit that like button. It motivates me to keep doing such work for free. Thanks After such a good green day where we broke out of a important resistance zone, I am expecting another follow through tomorrow for Nifty and BankNifty. Nifty has cleared two important resistance zones in this move on...

iSauravKr Updated 

Thanks for coming to this update. Before you start reading kindly hit that like button. It motivates me to keep doing such work for free. Thanks NSE:NIFTY Nifty will act range bound between 10K and 9.6K until either of the regions break. A break and hold above 10K region would send Nifty to higher regions whereas a break and hold below 9.6k would be...

iSauravKr

NSE:NIFTY Today, Nifty opened gap up close to the 10K level and saw selling pressure from there and fell to about 300+ points which is not a small move. This shows the amount of bearish pressure present in the market. For the past two trading sessions, we have seen a similar pattern in Nifty - Fall in the first half followed by a small recovery in the second...

iSauravKr

TVC:USOIL & CURRENCYCOM:US30 (DJI) For quite a few number of days / weeks USOIL has been having a positive correlation with other global markets such as US30. Thus movement of these markets will determine the movement of USOIL too to a certain extent. Keeping a close eye on US30 has been greatly beneficial on few days as other markets for e.g. Nifty tend to...

iSauravKr

NSE:NIFTY Tomorrow's market open (15-June-2020) would be very important as it will give some clarity if the market will keep move higher or show some downside action. On Friday, we got a huge up rally from Nifty after a big gap down opening. The rally may have been driven by - short covering US30 moving up during that time period Anyhow, we saw a...

iSauravKr

BYBIT:BTCUSD Bitcoin has broken down from the trend line and ascending triangle pattern (it has been forming since it started it's up-move after the crash) which is a bearish sign First level of support would be 9000 followed by the 8500 region which is a confluence zone (200 MA + S/R zone) Since the past sometime, we have seen a positive correlation...

iSauravKr

CURRENCYCOM:US30 DJI bounced form the 0.618 fib level on the weekly and is forming something close to a bear 180 on the weekly which is a bearish pattern. On the daily, US30 got rejected from the 200MA and has formed a candle with a big top wick which shows presence of good selling pressure (see the image below). If it starts to trade and hold below 25050 ,...

iSauravKr Updated 

NSE:NIFTY As expected, Nifty has started to tumble down and broke the 10,000 support as markets globally have started to sell off. Nifty closed today at 9902 after a down-trending day. At the time of this writing, DJI, US30, SPY, SPX, NDAQ, USOIL etc. are having a big sell off happening and SGX-Nifty is at 9510. (Thus, NSE:Nifty has a high probability of a gap...

iSauravKr Updated 

NASDAQ:NDAQ Nasdaq has had a great run up since the crash and has also made all time highs. Today, it formed a inside candle on the daily chart and closed at almost the top of the wick (see the chart) Break and close outside the range of the outside candle (highlighted with blue zone in the chart) with good volume in either direction will help determine...

iSauravKr

TVC:USOIL Crude oil has again started to rally up again but since global market like DJI, SPY are showing signs of reduced bullishness / retrace, i am expecting the crude oil will also follow a similar pattern. We may see a move up to the top of the previous high which is $40.4 after which i will expect increased selling pressure. Even if Crude oil is able to...

iSauravKr

NSE:NIFTY In today's market session, Nifty opened gap up toward the top of the gap created during the February crash (red zone shown in the chart) and tested the high of the resistance zone. But after that, it was not able to sustain the highs and started to sell off. Previously, Nifty has had a good run up and we were expecting a slight retrace after such a...

iSauravKr Updated 

NSE:NIFTY As expected, Nifty has given breakout over the past 4 trading sessions, from the ascending triangle formation. Gaps tend to act as support/resistance, and the gap area of 10300-10150 which Nifty formed during the crash behaved in the same manner. Any Gap-Up market open above the region or candle close above the same would be bullish and could give...

iSauravKr

MCX:CRUDEOIL & TVC:USOIL CrudeOil is approaching 200 MA on the daily chart. The 200 MA zone is also close the the upper limit of the gap zone USOIL formed during the crash making it a area of confluence for resistance. Thus, we can see some resistance once we hit that confluence zone. (see the image below) Also, CRUDEOIL has had a significant run up and is in...

iSauravKr

NSE:BANKNIFTY The resistance zone shown in red on Bank-Nifty has been tested close to 5 times till date and would have probably turned quite weak. If we break above this resistance zone and hold above it, then we should see a good rally as sellers who would have been trying to defend the zone would be defeated. Overall global market cues have been positive....