mayankkumar8520

mayankkumar8520

Nifty shows the confirmation of a bullish piercing candle. Banknifty forms the like of a doji candle. It is on the trendline from where rejection may be possible. Nifty has big resistance at 24500 and 24800 and it didn't have any strong support nearby ATM. Banknifty has resistance at 52500 and 53000 and support at 52000. Option Chain: Nifty has resistance at...

mayankkumar8520

Nifty forming a bullish piercing cancel which indicates a small upmove and it's also creating a head and shoulder pattern where the right head is getting created. Banknifty forms a bullish engulfing candle which also shows bullish moves. If in Nifty and Banknifty today's high get break it will show an upward move. But still, 24500 and 52500 are the big resistance...

mayankkumar8520

Happy Diwali friends... On the occasion of Diwali the Indian Stock market was opened for 1 hour as a mahurat trade on 1 November. On Friday the market was traded on very low volume. So we can the Friday market values. But still, Nifty 50 forms the harami cross candle which indicates a weak signal of the market and it breaks the lower circuit of the channel a...

mayankkumar8520

After a long time, Gold forms an Engulfing candle and is confirmed on Friday to go down in a daily timeframe. In a weekly timeframe, Gold forms a doji candle and looks like it's trying to come into the channel. If buyers still hold some amount of gold start selling or can make a short position.

mayankkumar8520

ETH formed an evening star pattern. If it breaks the support, it will move down and stop at around 2170. Before taking any trade let's wait for today for confirmation of Evening Star. If the trend continues, short the ETH. The chances of going down are very low. But if it takes the support of 50 EMA trends will continue after after giving a small dip to execute...

mayankkumar8520

Today Bank Nifty has confirmed yesterday's Maruboze candle and now Nifty and BankNifty will make a new all-time high. It's a good time to invest or upside trade from tomorrow. Tomorrow market will do some corrections and go down and then it will go up.