Fiem Industries Limited may be a good choice for swing trading this week, if this stock crosses its previous day high of 1150, better with a price action in 30-minute time frame or sustain over this level on hourly time frame. In that case 1202, 1320 and 1373 will be the target levels. 1069 or 1025 will be the stop loss levels depending upon the risk taking...
Bank Nifty important levels for 20.06.22. *All support/resistance levels will only be applicable when nifty bounces back without breaking PDL or PDH. If it breaks PDH/PDL then do the reversal then the levels will be slightly different. * **Personal opinion, not a trading advice** #banknifty
For tomorrow ideal opening will be anything between 15400 and 15235. Any opening between these two levels and crossing 15400 and sustain, we can go for bullish trade. 15523, 15669 and 15721, 15863 will be the major resistance levels. We will consider nifty to be bullish after it crossing 15721 level only. Before that level it is always a careful trade. Now any...
Bank Nifty important levels for tomorrow i.e. 17.06.22. Support and resistance levels are based on today's high and low, If Bank nifty breaks todays low first and then revert, resistance levels will slightly differ. Same will applicable for supports, but likelihood of the same is rare. #banknifty
Nifty is in complete downtrend now, with humongous bearish engulfing day candle today. For tomorrow, we may consider the same trend continuing if Nifty crosses 15340. In that case 15187 and 15003 will be the major support. We may go for bullish trade only when nifty crosses 15603 level with a price action, which is the top of tomorrow’s CPR, 15752 and 15863 will...
Bank Nifty Important support and resistance levels for 15.06.22 *Support and resistance levels are based to today’s high and low points, breaking of these tow points will possibly make some differences in support and resistance levels. %BANKNIFTY
For any opening above 15700 crossing 15760 a bullish trade can be initiated, initial target will be 15853 followed by 15962 and 16071. Opening above 15760 need to wait for a price action to complete to initiate a trade. Opening below 15700 better to wait for price action to complete before initiating any trade. For upside move, need to wait for making higher high,...
Bank Nifty Important levels for tomorrow #banknifty
For any opening above 15700 crossing 15805 a bullish trade can be initiated, 15884 will be the immediate target followed by 16092. Nifty Opening above 15805 need to wait for price action to complete to initiate a trade. Or any gap down opening below 15700, if it crosses 15805 with positive price action then also we can initiate a bullish trade. Again, opening...
Bank Nifty Important levels for tomorrow i.e. 13.06.22 #BANKNIFTY
Currently SGX Nifty is 137 points negative compare to its previous closing, and if its closing time it was in a consolidation phase and may show some reversal and we may see some correction by tomorrow morning which may lead to a little gap down opening in NIFTY. In that case we may go for bearish trade if nifty forms a negative price action below 16217 level....
Here are some important levels of Bank Nifty for tomorrow. #banknifty
Tomorrow any opening between today’s close and 16413 level with a positive price action crossing over 16472 level a bullish trade can be initiated. Initial targets will be 16510 and 16583. Any opening above today’s closing again we have to wait for price action to complete to initiate a trade, however resistance levels will be fix. With any opening below today’s...
Reliance Industries reached near its 52 weeks’ high today, forming a bullish engulfing candle, This Stock can be used for swing trading in coming days. Tomorrow if it crosses today’s high and able to sustain (hourly candle) or forms a positive price action (minimum 15-minute time frame), a bullish trade can be initiated. In that case buy price will be above 2800,...
USDINR is following a upward channel, visible in daily chart and in consolidation phase from last almost one month. Similarly, a visible downward channel is also visible in four-hour time frame which is continuing for last fifteen days. Breakout from the consolidation phase in any direction may give this instrument a massive movement. #usdinr
For any opening between 16340 to 16400 a bullish trade can be initiated, if nifty crosses 16400 level with a positive price action in 15-minute time frame. 16448 and 16481 will be the initial resistances. Next resistance levels will depend on price action only. Nifty crossing 16324 level without crossing 16364 level before, a bearish trade can be initiated....
With flat or small gap down opening, if nifty crosses 16410 and sustain then a bullish trade can be initiated. 16481, 16557 and 16612 will act as major resistance, for any gap up opening of more than 50 points need to wait for price action to complete for an entry. With flat or any opening below 16416, nifty crossing 16409 level with negative price action (in...
If nifty opens below 16635 and crosses this level with a positive price action, then a bullish trade can be initiated. 16718 and 16793 will act as major resistance. Foe any gap up opening over 150/180 points need to be careful. With any opening below today’s high (below weekly CPR) bearish trade can be initiated, when NIFTY crosses 16524 level, which is the...