NIFTY FUT on the weekly Chart Trading around long term trend line support levels. (Marked with Black color line in above chart)
Bearish on Nifty Future only once Closed below or sustains below 14200. Trading around crucial levels and Buy on dips should be strategy with stop loss of 14200 on closing basis.
Bearish on Nifty Future only once Closed below or sustains below 14200. Trading around crucial levels and Buy on dips should be strategy with stop loss of 14200 on closing basis.
On the weekly chart Nifty future is trading above all crucial averages 21,50,200.On Tuesday 8th Feb 2022 Tata Steel gained 3.09% and closed at 1219.60 on NSE. Stock price apricated by 36.60 per share. On a volatile day stock closed around intraday high. Today stock touched intraday low of 1171.50 and managed to close in positive territory. TATASTEEL today was top gaining stock in Nifty 50 Stocks Index.
On Daily Chart we can observe stock is forming ascending tringle pattern. Stock is about to cross 200 Exponential Moving average which is at 1230. Also stock is trading above 50 & 100 EMA. Relative Strength Index (RSI) also showing upward move.
Looking at the chart pattern, 200 Days EMA and RSI Indicator we recommend short term traders to enter long position above 1230 with stoploss below today low of 1171.50, Expected Targets on the upside 1245- 1260.
On Daily Chart we can observe stock is forming ascending tringle pattern. Stock is about to cross 200 Exponential Moving average which is at 1230. Also stock is trading above 50 & 100 EMA. Relative Strength Index (RSI) also showing upward move.
Looking at the chart pattern, 200 Days EMA and RSI Indicator we recommend short term traders to enter long position above 1230 with stoploss below today low of 1171.50, Expected Targets on the upside 1245- 1260.
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FNO Heatmap On 4 Time Frames 15Mins-1Hour- Daily and Weekly (18th July 2022) Which Helps us to Identify the True Trend
More than 30℅ weight of Nifty earnings over weekend
Reliance: In line or minor miss
ICICI Bank: Strong
Kotak Bank: In line
Infosys: Better than expected
Reliance: In line or minor miss
ICICI Bank: Strong
Kotak Bank: In line
Infosys: Better than expected
Probable Volatility Alert ::
27th July : US Fed policy decision
28th July : US Qtrly GDP data
29th July : Europe Q2 GDP n Inflation
5th Aug : RBI policy decision
Trade well & Trade safe !!
🐢 🐢
27th July : US Fed policy decision
28th July : US Qtrly GDP data
29th July : Europe Q2 GDP n Inflation
5th Aug : RBI policy decision
Trade well & Trade safe !!
🐢 🐢
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Nifty Future Trading in Rising Wedge Pattern. Looks Bearish on the 4-Hourly Charts. I am Going Short on Nifty Future around Current Price @ 16525 For Targets of 16200/ 16000 And Stoploss of 16725
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Huge Sell off in the Voltas Stock has been Seen, Also Stock has seen Pattern Break down, I am Bearish on the Stock, Will be Selling Voltas Future Below 925 For Targets of 900 And Stoploss 940
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TATASTEEL Has seen Fresh breakout on the Daily and 4- Hourly Charts. When Observed on the weekly Chart Strong Support at 106 is seen in the stock. Stock Broke the Resistance Levels 106 Retested it and again heading towards higher levels. We are Going long on TATASTEEL Future at CMP 112.25 For the Targets of 120- 125 and Stoploss of 105.75