SPOT BANKNIFTY, will not back again? Answer is, Still exist BULLS

Spot bank nifty closed at support.
Last hope at 29211.
Trend line support 29395 – 29450

Even if the trend channel is continuing, and the following possibilities still exist;

  • 1) Gravitate price will attract the value, so long traders have target 29977.
  • 2) The support at 29395-29450 will push the nifty toward to 29700.
  • 3) Last hope at 29211, if bank nifty slip to that will be a pure bearish trend.

The formation of a bearish candle following a bearish Belt Hold on the daily scale indicates that bears are now forcing the market to restrict its momentum.

It can slip the next 1-2 sessions if above is not existing.

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ACC Is Good For Long With Trade Setup

  • Tight value area for ACC.
  • I don’t think that from the right side of excess is the INITIATIVE move, if it’s not then, price back to value area.
  • It will not spend much time out of value.
  • Volume is normal so, this is also single of not break down and price back in trend.

If everything fine, then buy level 1548 to 1578 nearby and stoploss will not be far 1540.

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Plotted breakdown method on INFY with control price gravitating.

Control Price always gravitate value such as 1,2,3,4,5 and 6. We have seen two tails on the right side of the chart at the Value Low area. Gravitation has two to attract the price are plotted in the move(i) and move(ii).

The best value to buy this stock at 710(outside of value low) and 716 for targets 735 and 741.

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Stop taking long position on TCS…! reason behind it?

  • The left side to the right, each excess, have tails before the turn. You can see with both eyes at excess(f) has started to create TAIL which is -ve for long and indicate for reversal of the trend.
  • With Time Cycle analysis, 1st-phase has 43 bars and 2nd-phase and 3rd phase till continue.
  • Turn on your eye on volume, it’s reducing.

Prev. Resistance is at 2194.5, so seller and profit booking can be seen that time with a TAIL.
Short sellers have two points of target, one Control Price target 2117 nearby and prev. Strong support at 2051.

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NIFTY: high volatile with 350-200 points negative move

Buy TATAMOTORS strike price of 220 @ 10.1 and targets are given 16-17 (Achieved).

BUY JUBLFOOD future 1376-1368(CMP 1378) with stoploss of 1362 and for targets 1401-1411 and 1432-1447 (achieved target and booked profit)
and a lot of calls were for subscribers like, WIPRO etc.
nifty

Sellers eye will be 11880-11925, though I have posted an update that nifty target is this range.

Next week, I am expecting a very high volatile with 350-200 points negative move. Be careful with the long and +ve thinker of the market.

This is spot nifty level, I will update very soon future level for trade.

  • The Market is going open positive today.
  • Asian shares were subdued on Thursday after a negative performance on Wall Street.
  • US stocks ended slightly lower on Wednesday as a drop .
  • Good Friday and Easter holidays, keeping for tomorrow.
  • Oil prices edged down on Thursday.

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Sellers Attraction Increase For Price Of WIPRO.

Last we have given 4 calls to subscribers and they enjoyed it. Monday, Tata Motors given by use to SUBSCSRIBERS and they enjoyed it.

wipro-result-2019
  • ATR is at 6.2
  • Common calculation base on ATR, closed price 287.7 + 6.2 = R 293.9
  • Magnetic Control price can attract price as target already.
  • Value high is little far, @297-298
  • Intraday R293.9 nearby.

This stock will attract by seller and pullback chance are higher. LIVE I WILL UPDATE THIS stock for Subscriber, if time permit then I will do here for you.

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