TODAY MARKETS
‘COVID-19’ No More in China BUT Exists in Other Countries
The first case had confirmed in China Wuhan city. But the current state will give you a shock.
Last updated: April 08, 2020, 12:17 GMT
Coronavirus Cases: 81,802
Deaths: 3,333
Recovered: 77,279
Coronavirus: New Cases vs. New Recoveries
The above state shows the situation is under control in China, and Wuhan city reopened. More
China Ends Wuhan Lockdown, but Normal Life Is a Distant Dream
Published April 7, 2020 | Updated April 8, 2020, 1:01 a.m. ET
By Raymond Zhong and Vivian Wang
– nytimes.com
How they recovered?
- China reveals residents are following the Government’s lockdown advice: brutal but effective
- China had deployed remote-controlled mini-tanks for disinfectant-spraying on an entire city.
“We began using them for disinfection and disease prevention,” said Hou Yongfei, deputy secretary-general of the Shanxi Province Unmanned Vehicle Association, the outlet reported, citing AsiaWire.
- China implements a new Orwellian mass surveillance tool and a ‘close contact’ app.
- Social distancing, physical distancing, and by following all safety precautions of WHO.
Wuhan recovery gives hope to rest of world, says WHO
Coronavirus disease situation data (up to 8 April)
This report provides the latest global number and numbers by country of COVID-19 cases.
Nifty research for you.
This channel still not confirmed completely. 8836 is resistance to push price 180-300 points -ve.
We created a parallel channel by looking at market pivots that have lines (a), (b),….(e). If look at this chart and drawing minutely, then you will found that where are maximum points(dots). That is called gravitation to attract the price value. In the future, while the pullback price tries to test this line in the coming days.
The price very near the yellow gravitating line ()yellow which is 8912 nearby.
- three market ranges (1,2,3) which range defines
- the 50 percent division at 6926.8.
Nifty, SGX NIFTY, GOLD…
As per the channel, two resistance can push the price toward 8515 and 8340 follow by Resistance 8592-8632 Almost all major resistances and supports are plotted on the chart. If price close above 8620 above, then i will update fresh chart.
? 8323 target then, price will not break or close 8622. Incase of break & close above 8612, then channel will not continue.
Daily chart for SGX Nifty:
- During the falling wave, 3 times reduction in price has been seen.
- While using the retracement, 32.2% retraced is at 9249.
- Price rotation range is between 8838 and 8188.
Almost many things are till remaining on the chart although i have plotted following:
- Flag pattern
- Major and minor channel
- Initiative move
- Responsive move
- major and minor support level
- Waves
Channel support 1559 nearby for GOLD .
Nifty & HINDUNILVR, trade setup.
In the last updatation for the nifty, I have written with the channel that “I am not bullish below 8130”. Same day nifty was crossed this level and fired up to 9038. Today morning I have created NIFTY and HINDUNILVR.
The mainly four Fib. Retracement are applied in different years.
- confluence zone at 9647.
- 38.2 retracement level is at 9395
- previous resistance and 61.8% retracement level at 9067.
Question is how to understand and use these levels?
Answer; There is always pullback whether there is a stock or market. If there is normal good new, then pullback easy can be 38.2% retracement . Though the confluence zone is the memory of investors, here is 9647 attract to investors. Above all given levels are actionable for traders and investors. I would like to add GAP theory on with retracement in another chart .
Control price attraction is the easy target 2083 nearby for short-sellers.
Best short-selling points
- Frist @2221
- Second @2255
Thanks all who are supporting my post.
CLOSE VIEW:
nifty won’t bullish still.
For paid Subscribers, in last this month almost more than 1700 points Profit has been taken by us over the Nifty future trades. This is free update for you after long time.
Intraday Resistance at 8047
8130 nearby strong resistance at value high.
If U-turn exist with new low, target will be 7330 nearby and target of control price is at 7107.
As far as crossing the level 8330, I won’t speak about bullish.
MCX Natural gas long-term tips for the 2023 year
Here are the best entry-levels for long-term investment on natural gas: 120 to 100
Targets for short-term investors: 190 – 230
Targets for long-term investors: 260 – 300+
Big Discounts Coming Up! Starting from 18 March.
To read all reports from 2009 to 2020 years
PEOPLES LIKES & COMMENTS
Ramesh SrinivasanWhat about gold, silver Sir?
- Mr.Dev
Yes, 100%! Note down it's for long-term investment purposes.
- NAVEEN KUMAR
can I buy it at cmp?
- Mr.Dev
2000 to 1800.
- Shantanu Gope
what's the bottom level or strongest support as per the current move of the market?
- Mr.Dev
Yes! You can. Remember, it's for long investment purposes only.
- Maheshkumar R
Can I buy it now for one or two years?
Subscribe to The Moneymunch Market Report – COMPLETELY FREE
Is your trading strategies really helping you? If trading were easy then you wouldn’t be here!
HOW WE WORK: Determine the Stock, Commodity & Forex market direction for the nearest future, is it going to go Higher or Lower? And delivered right to your e-mail inbox!
We’re helping over 2.5+Lac investors, money managers, analysts & private investors who read our all emails. What are you waiting for? Join Now by just entering your email address below and click on Subscribe button.
Invested in the right way, in the right place and at right time, even few trades can form the foundation for a secure financial future.
– Moneymunch.com
