Confused ... ??? Which Stock Buy ? Where Nifty Will Go ??? Where To Enter Where To Exit In Stocks & Nifty ? Taken Position In Market Now Don't Know Where To Exit ? What Will Happened Tomorrow In Nifty Banknifty Or Stocks?
You Are Just A Call Or Whatsapp Away To Get Answer Of All These Question? Call or Whatsapp On 9039542248 💬📱
Domestic equity markets saw the bears assert control on Dalal Street today. Market plunged on Wednesday with the sensex falling over 850 points dragged by banking and financial stocks amid weak global cues.The sensex fell 871 points to close at 49180; while the Nifty plunged 265 points to settle at 14549. The support range of 14750 was disrespected and we dropped over 200 points once that level broke. Keeping a stop loss at 14900, traders can target 14350-14400 as a potential target for the index.
Until we do not get past 14900, the short to medium-term trend remains bearish. Today’s selloff suggests that the recovery in Nifty from Friday’s low has possibly ended. The daily MACD indicator fell into negative territory today for the first time in 6-months. Furthermore, Nifty also closed below the daily upper Ichimoku cloud for the first time in 6-months. Both these factors indicate that the shorter-term momentum of Nifty has turned bearish. Based on these, we expect short-term selling pressure to persist until the index is below yesterday’s high of 14878. On the downside, we could see the index testing 14350 soon, break below which is likely to trigger further correction towards 14,000.
More
about intraday tips Whatsapp On
9039542248
Resistance: 14600, 14900, 15000
Support: 14400, 14200, 14000
No comments:
Post a Comment