Lumax Auto Technologies Limited can be a good choice for swing trading for next week. This stock is trading over its monthly CPR, and will be above NEXT week’s CPR if able to sustain the level of 176, and daily RSI has crossed 60. Can be bought above 176, with stop loss of 170 and target levels of 184 and 194. Need to be careful about the low liquidity of the...
At this time SGX Nifty is 116 points down then it’s previous days closings, and at fib level .786 which may act as support and probably may took a reversal, and then we may see a flat or small gap down for nifty on Monday. But if SGX Nifty breaches its current support level and continue its move then we may expect a heavy gap down of NIFTY on Monday. If NIFTY...
Since Nifty has crossed 16600 level today and able to sustain hence it can be considered as bullish tomorrow if it continues the same trend. In any upside move breaking 16690/16700 we can enter into a bullish trade; nearest major resistances will be at 16834 and 17061 along with other minor resistances. If it breaks tomorrow’s CPR with negative price action a...
Nifty continued its retracement today on 1 hour time frame, broke fib .236 but could not sustain. This trend will be continued as long as it remains below 16600 level. A downward trendline is visible, which will surely act as resistance tomorrow, if nifty opens below it, and for any opening above this line surely it will act as support. So, depending upon...
Here are some important levels for nifty for 01.06.2022- Nifty has formed double top in 75 min time frame, and in 15 min time frame it broke its previous swing low. Hence it can be considered in retrenchment mode if we consider daily time frame. In this case we have to wait for tomorrow’s opening to predict its resistances and support levels. If nifty crosses...
Here are some important levels for nifty for 31.05.22- for 15 minute time frame nifty is bullish. Key resistance will be at 16749, 16840 and 16931 levels if sustain the same trend. Again on daily time frame 200 period moving average is at 16750 level which will act as major resistance. Major support level will be at 16600. Other support levels will depend on...
Dollar is near all time high against INR, and is following an uptrend channel from last six months. At this point 77.580 and 77.707 levels will act as crucial resistance. If it crosses 77.707 level then we may see new highs. But any negative price action below 77.580 level we may expect some downward move. In that case 77.350 will act as major support followed by...
Here are some important levels for nifty for 30.05.22- for 15 minute time frame nifty is bullish. Key resistance will be at 16431, 16553 and 16647 level if sustain the same trend. Major support level will be at 16320 and 16217. Minor support will depend on opening of that particular day. With any positive price action above 16320 crossing PDH, we can go for...
Here are the key levels of nifty for tomorrow. if nifty ably to sustain and form a positive price action above 16090 level which is fib .786 level then tomorrow it will form a positive up move. if it fails to sustain that level and broke tomorrow's bottom CPR at 16054 it will be bearish again. No analysis on OI based support for today, and for tomorrow according...