Power Nations Disrupting Trade Equilibrium, Raising Volatility In Financial Mkts.

MARKET SUMMARY :-  The benchmark index falls -1.14% to close at 10128. The Nifty 50 opens gap up and extend gains to touch intraday high of 10279 but later correct to the day worst level after china’s retaliate to the US Trade policies.

In Previous report I mentioned that if Nifty index  holds above 10230 level then its short term target will be 10270-10350 in the coming time. In today’s trading session we saw that Nifty hits it first given target of 10270 and later falls below the support level on trade war tension.

Nifty 50https://moneyites.com/ 10128 :-On Charts, The Nifty 50 index erased previous two days gain and forms a Bearish engulfing patternThe Nifty index falls after unable to hold above the downward sloping resistance line.

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The index has immediate support at 10090 level below that further correction to the level of 10025-9950 can be seen and it has immediate resistance at 10170- 10250 level on the upside.

Bank Nifty 24129 :- On Charts. The banking index forms a long bearish candle and closed near the day low with weakness. The index has immediate support at 24000 below that 23800-23600 can be correct on the downside and it has near term resistance at 24330-24500 on the higher side.

Global Risk :- Power Nation through New Tariff Policies disrupting the trade equilibrium raising volatility in Global Financial Markets.

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Domestic Risk :- Expectation of A Hawkish stance by RBI doesn’t supporting for a strong bull rally in the short term. The Vice versa of this along with strong earning session is the exception for the same.

BOTTOM LINE:- Trading strategy for Nifty tradersSell on high and add fresh short position below 10090 in the short term scenario.

Nifty Up 0.33%, Bulls Ends Up Winning The Battle.

MARKET SUMMARY: –  Nifty 50 edge up 0.33 % to close at 10245 registered second consecutive gain in the week. The benchmark index opens gap down at 10186 taking weak cues from the global peers, it has then held support at 10171 and after a long tussle bulls end up winning the battle for the day.

With respect to the previous report, I mentioned that Nifty 50 may flirt at the level of 10230 and below that it may touch the level of 10175 and 10140 in the downside. Exactly same happens, As Nifty after opening gap down made the same high of 10229.45 and drag down to 10171 before breaching the level to the higher side.

Nifty 50 10245 :- On charts, Nifty breaks out of the declining trend channel and closed above the downward sloping trend line. RSI current reading at 48 and above 50 it may further strengthen the trend to rally upside in the coming time. 

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If Nifty 50 keeps holding above 10230 then it may target 10270-10350 in the coming time, whereas below the level of 10230 it may take support at 10170 and 10140 in the short run.

Bank Nifty 24510 :- The banking index also hit its given first target in intraday trading as mentioned in the previous report and holds above the level of 24500 on closing. The Bank Nifty index has immediate resistance at 24590-24670-24780 on the upside and it has support at 24430-24330-24200 on the downside

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BOTTOM LINE:- Trading strategy for Nifty traders, “Go long” till Nifty and Bank Nifty holds above the level of 10170 and 24250.

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Know How To Trade Bank Nifty For Profit?

Bank Nifty 24328.50:- The banking index forms a small green candle and keeps holding above the resistance line on Monday trade. The Bank Nifty index has an immediate resistance at 24375 above this bank nifty may target 24480-24620-24780 on the upside and on the contrary bank nifty has immediate support at 24140 below this 24000-23800 can be seen in the short run.

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BOTTOM LINE:- Trading strategy for Nifty traders, Buy above 24375 and Add Fresh long Position above 24500 levels inBankNifty

Inverted Head & Shoulders Pattern formation In Nifty50 is Waiting for Confirmation.

MARKET SUMMARY: – The Benchmark index Nifty50 closed at 10211 after adding almost a percent on Monday trade.  The benchmark index capitalized on Previous Week gains after opening gap up in the morning trade and after filling the gap to the downside the Nifty50 index keeping gaining throughout the day.

As mentioned in the previous report, Nifty50 seems to retest the resistance level of 10230-350 in this week and exactly same opening and trend we witnessed today. So if Nifty surpasses 10230 in the coming days 10350 will be the next target for this week.

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Nifty 50 10211.80:- On Charts, The Nifty50 index trending downside in lower tops and lower bottoms formation. Currently, the Nifty50 index forms a small Inverted Head and Shoulders pattern whose resistance stands at the downward sloping trendline near 10230 level.

The Nifty50 index has crucial resistance at 10230 level above this Nifty50 may target 10280-350 for upside in the coming time. If Nifty index seems to flirt at this level for quite some time then some correction to the level 10175 and 10140 can be seen.

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BOTTOM LINE:- Trading strategy for Nifty traders, Add Fresh long Position above 10230 in Nifty

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Nifty to Retest 10230-350 level, Keep Check On RBI Move.

MARKET SUMMARY: – The Benchmark Index Nifty50 registered a weekly gain of  1.15% to close at 10113. This past week, Nifty50 takes off from the worst level of five months low of 9998 and retreats previous week losses on Monday and Tuesday but selling pressure at the resistance level of 10230 holds back Nifty to settle at 10113.

last Weekly data of lower claims of US Unemployment may set the positive tone for markets in the coming week.

This coming week, Market eyes on RBI Policy scheduled to announce on April 6 of this week, and I expected RBI may take a hawkish stance.

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Nifty50 10113.70:- On the daily chart, Nifty50 forms a small bearish candle taking resistance from the declining supply line. Nifty next hurdle remains at 10230 level that its taking resistance from the last two weeks. Nifty50 has crucial resistance level at 10230 above that 10330-10420 can be retested on the higher side. On the contrary, Nifty50 has immediate support at 10095 level below that 10030-9950 can be seen on the downside.

Bank Nifty 24263.35:- Bank Nifty forms a small Doji and holds above the resistance line in the last trading session. Bank Nifty index has immediate hurdle at 24500 level above that it may trend up to 24720-24980 on the upside. The Bank Nifty immediate support stands at 24200 below that 24090-23720 can be seen on the downside.

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BOTTOM LINE:- Trading strategy for Nifty traders, “Go long”  Aggressive traders can enter at the current level whereas conservative traders can wait for the level to breach on the higher side and maintain Positions with stop loss given.

Nifty50 Below 10k On Global Selloff Triggered By Trade War.

MARKET SUMMARY: – Nifty50 Extended losses in Friday trade to -1.15% to close at 9998. Nifty50 opens gap down in initial trade taking cues from the global peers on trade war fears and later retreats some losses but unable to hold the psychological mark of 10000.

On WoW basis, The Benchmark index slips -1.93% to 9998 and closed below the five months low level amid Trade War Fears.

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In this past week report, I mentioned that this week will set the tone of market direction in the coming time and same has happened and as an addition, not only interest rate but trade war also attribute in setting the tone for the market.

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TECHNICAL COMMENTS: – On the daily chart, The Nifty50 price action broke below the support zone near the 200 Days SMA on Monday trade and a short pullback on Tuesday, Wednesday and Thursday trade tried to retest the resistance level but failed to hold above it and on Friday a gap down opening and closing below 10000 level give further confirmation of more correction in the short run.

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Currently, Nifty50 hold immediate support at 9950 level and a breakdown may show more correction to 9910-9880-9850-9820 in the downside and vice-versa Nifty50 has immediate resistance at 10045-10070-10110-10140 on the higher side.

BOTTOM LINE:- Trading strategy for Nifty traders,  Selling pressure is existing on a higher level so sell on high and add more position when 9950 is breached and hold.

Weekly Report:- Power Pack Week Full of Market Events.

MARKET SUMMARY: – Indian benchmark index Nifty50 slips -1.59% to 10195 on last trading session of the week. Nifty50 opens gap down 15 points to 10345 keeping open high almost same for the day and widen losses thereafter as the day proceeds.

With respect to the previous week report, I wrote about the gap up opening, short-term pull back and last but not the least that bulls are resting above 10550 in the short term fit perfectly in this week.

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On WoW basis, Nifty50 made weekly high and low of 10470 and 10180 respectively.

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TECHNICAL COMMENTS: –On the daily chart, Nifty50 index forms a long bearish candle and erased around 50% of the last week gains. The Nifty50 index closed near the day low with weakness and keeps trending below the SMA of 20 days.

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Nifty50 has immediate support at 10100-10000 on the downside, On the contrary, 10340-10420 will act as a good resistance on the higher side.

Not negative on the market till 10000 is breached with conviction and maintained.

For me, Bulls are still resting above 10550 level and a breach of the same in fashion will further decide the upside direction in the coming time.

Interest rate policy by Federal Reserve, Bank of England and CBR scheduled to be on 21,22 and 23 of the coming week will set the market tone in the short run.

BOTTOM LINE:- Trading strategy for Nifty traders, Market may trade volatile. keep eye on interest rate policy as it is to set the market tone in the short run.

Weekly Report- Short Pull Back in Nifty Is Imminent On US Tariff Relief

MARKET SUMMARY: – Nifty 50 Indian benchmark index shut shop in red at 10226 after slipping -0.15% in last trading session of the week. The Nifty 50 index starts the day with a gap up opening but selling pressure on the higher level erased the morning gain and pushed down nifty to closed in red by the day closing.

On WoW basis, Nifty 50 index slips -2.2% and mark weekly low of 10141.

COMMENTS: – 

On Charts, The Nifty 50 index forms a bearish candle and closed below the 20 days SMA in today trading session. The main index trending downside and facing stiff resistance at the higher level.

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The Nifty 50 index holds immediate support at 10120 level below that 10075-10000 can be tested on the downside. A breakout of 10000 with conviction may open door to 9700 on the downside.

Whereas if nifty holds above 10302 level, a short-term pullback to 10360-420 can be seen. For now, bulls are resting above 10550 level.

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The US eases of the tariff may give some relief to the market in the short run and nifty may start the week with a gap up opening.

BOTTOM LINE:- Trading strategy for Nifty traders, Go long if Nifty holds above 10302 level for the upside of 10360-420, Below 10300 nifty remains weak.

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Weekly Outlook:-Expiry Week Trade in Nifty.

MARKET SUMMARY: –Nifty 50 Indian Benchmark Index slips -0.88% to close at 10452 on Friday trade. The main index opens gap up but unable to hold the morning gains falls to the day worst level of 10434 before settled down to 10452 for the day.

On WoW basis, The Nifty 50 Index closed flat After a positive start. The benchmark index swings between profit and losses in the week, while selling pressure continue to exist at the higher level.

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TECHNICAL COMMENTS: – On the daily Chart, The Nifty 50 index forms a long bearish candle and engulfed the gains of previous four days. The main index closed on a weak note after facing stiff selling pressure on the higher level.

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On the closing basis of the index, RSI is trading at 39, MACD signs sell crossover with negative divergence and ADX at 28, signs of further weakness if support level to break in the coming time.

For the coming week, Nifty 50 index has crucial resistance at 10620-740 level on the higher side. Whereas the main index has crucial support at 10400 level below which it may slips to 10275-10120 on the downside.

BOTTOM LINE:- Trading strategy for Nifty traders, Nifty to remain volatile. Sell on high till 10740 breaches and hold.

Weekly Report:- Is Nifty Open To More Downside?

MARKET SUMMARY: –Indian Benchmark Index Nifty50 slips -1.15% to close at 10454.95. on the last trading session of the week. The Nifty50 index starts the day with the gap down opening of 160 points at 10416 and extends losses further to marks the day low of 10398. It is in second half the Nifty50 index recover some losses and manage to close at 10454.00

As mentioned in the previous Weekly Report, The Nifty50 index shown the correction and closed below the final target of 10500 level.

The Market main index marks weekly low 10276 but managed to erase some losses to close at 10454 after sliding -2.84% in the week.

TECHNICAL COMMENTS: – On the daily Chart, The Nifty50 Index forms a small green candle. The main index starts the day on a weak note and keeps on consolidating near the day low by the market closed.

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On closing, RSI holds at the 36 marks and MACD gives a sell crossover with negative divergence on the indicator front.

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nowadays The Nifty 50 index witnessed an increase in the trading range and Currently, the index hold major support at 10400 level. A convincing breakout and closing below the level may open more downside to the level of 10275-10150 in the coming time. whereas holding above this level Nifty index may trend up to 10580-10730 in the short run.

The Nifty 50 index trending in line with the global market selloff.

BOTTOM LINE:- Trading strategy for Nifty traders, Buy Low and Sell High.