DAILY RESISTANCE FOR NIFTY: 8414, 8450,8523,8596
PIVOT POINT: 8377
DAILY SUPPORT FOR NIFTY : 8341, 8304, 8231,8158
DAILY CHAT FOR NIFTY:
WEEKLY RESISTANCE FOR NIFTY: 8469, 8542,8724,8906
WEEKLY SUPPORT FOR NIFTY : 8287, 8178, 7996,7814
WEEKLY CHAT FOR NIFTY:
It was a weak start to the July series on Friday as investors remained cautious ahead of Greece deal talks. Sensex gained 495 points to close the week at 27,811, the 50-share Nifty surged 156 points to end the week at 8,381 . strong monsoon till date, bulls remained heavy on domestic equity market as key benchmark indices Sensex and Nifty surged around 2 per cent for the week ended June 26. In the BSE index, Maruti Suzuki India, Aurobindo Pharma, Glenmark Pharmaceuticals and Hindustan Petroleum Corporation touched all-time highs during the week.
In
last previous sessions, as we have predicted that in NITTY
BULLS CAN MOVE TOWARDS 8400 And
nifty was achieved target of 8400 made high of 8433 in this week. After a stellar
performance by the Nifty yesterday, we can still see the index moving up again
in the day’s session provided it does not fall below 8341 – 8304 support area.
In any case, getting past the hurdle of 8420, it would gain further momentum to
scale up to even higher levels. On the downside, below 8382 support is likely
to be found between 8340 and 8318. And so long as the Nifty does not go slip
below 8231.
ABOVE 8414 IT IS BULLS AREA
BULLS CAN MOVE TOWARDS 8500 AND 8660 ABOVE 8414 IT IS BULLS AREA
BEARS ARE ALSO CAN BE ACTIVE
BELOW 8304 BEARS HAVE TARGET AT 8250 AND AT 8200
DAILY CANDLESTICK PATTERN BULLISH MORNING STAR:
This is a confirmed Bullish Engulfing pattern. The first two candlesticks are exactly the same as the Bullish Engulfing pattern and the third day represents its confirmation. The first two days of the Bullish Three Outside Up is simply a Bullish Engulfing Pattern, and the third day confirms that the downtrend is damaged as suggested by this pattern, since it is a white candlestick closing with a new high for the last three days. However, for a bullish reversal, there is still a need for a further confirmation. The stop loss level is defined as the last low. Following the BUY, if prices go down instead of going up, and close or make two consecutive daily lows below the stop loss level, while no bearish pattern is detected.
Nice blog and very informative this type of blogs are very helpful for investors because every investor know that market is very risky but this type of blog is guided us and also increase our daily to daily information about market.
ReplyDelete