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Showing posts with label MCX Opening Bell. Show all posts
Showing posts with label MCX Opening Bell. Show all posts
Wednesday, February 27, 2019
MCX Support and Resistance Level (27 Feb 2019)
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Friday, February 1, 2019
MCX Support and Resistance Level
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Monday, January 21, 2019
MCX Support and Resistance Level
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Thursday, January 10, 2019
MCX Support and Resistance Level
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Monday, December 24, 2018
Options data indicates short-term trading range of 10,600-10,900
Nifty has taken resistance from previous swing high and formed shooting star candle which is justifying the selling pressure on higher side around the strong psychological mark of 11,000 and 100-DMA at 10,950.
ADX indicator is trading around 17 mark, which is less than crucial levels considered for a trending market, expresses no strength in current trend on either side suggesting market to take support at a lower level and close the month sideways.
However, weekly RSI is still placed near 50 for the last four weeks indicating sideways to positive momentum intact. Also, looking at market movement since 2001, there is 95% probability that markets will have positive Christmas week.
On the downside, Nifty has strong support from the line of parity around 10,700 and 50-DMA at 10,574. A major unwinding of Put writing and shifting of writing to lower strikes was seen on Friday. Option data suggests an immediate trading range of 10,600 and 10,900.
Bank Nifty
Banking index is trading in rising wedge pattern having lower side support around 26,300 and upper trend line resistance is placed near 27,250 levels. Since Bank Nifty is trading above major moving averages, its short-term & mid-term trend is positive and immediate trading range is 27,250-26,300 levels.
Source:https://www.moneycontrol.com/news/business/markets/options-data-indicates-short-term-trading-range-of-10600-10900-3319041.html
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MCX Support and Resistance Level
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Friday, December 21, 2018
Nifty forms Inverted Hammer pattern on weekly scale; 10,700 crucial for bulls
The Nifty50 fell sharply and wiped out momentum of last six trading sessions to slip towards 10,750 levels on Friday. The index plunged nearly 200 points for the first time in last nine consecutive sessions, forming big bearish candle on the daily charts.
Concerns on global economy growth and threat of partial US government shutdown dented market sentiment globally, but the consistent fall in oil prices continued to support the market.
Experts expect the consolidation to continue in the coming sessions and the index is likely to defend crucial support of 10,700 levels, experts said, adding the trading volume could be low in coming week as FIIs generally go on leave during Christmas and New Year.
The Nifty50 after opening flat extended losses as the day progressed and touched an intraday low of 10,738.65 in late trade. The index closed 197.70 points or 1.81 percent lower at 10,754.
The Nifty lost half a percent during the week due to sharp correction on Friday and formed Inverted Hammer kind of pattern on the weekly scale.
"After a brief outperformace vis-Ã -vis global markets in the month of December Nifty50 appears to have resumed its downswing, perhaps in solidarity with global trends, as it signed off the last session of the week with a large bearish candle which has erased almost last 5 sessions of labored upmove," Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.
Source:https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-inverted-hammer-pattern-on-weekly-scale-10700-crucial-for-bulls-3316671.htmlIf you need more information about the Stock Market:
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Thursday, December 20, 2018
MCX Support and Resistance Level
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Friday, November 30, 2018
MCX SUPPORT & RESISTANCE LEVELS
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Tuesday, November 20, 2018
MCX SUPPORT & RESISTANCE LEVEL
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Thursday, November 15, 2018
MCX SUPPORT & RESISTANCE LEVEL
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Wednesday, November 14, 2018
MCX SUPPORT & RESISTANCE LEVEL
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Friday, October 26, 2018
MCX SUPPORT & RESISTANCE LEVEL
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Tuesday, October 16, 2018
MCX SUPPORT & RESISTANCE LEVEL
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Friday, October 12, 2018
MCX SUPPORT & RESISTANCE LEVEL
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Thursday, October 4, 2018
MCX SUPPORT & RESISTANCE LEVEL (4 OCT 2018)
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Friday, September 28, 2018
MCX SUPPORT & RESISTANCE LEVEL
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Tuesday, September 25, 2018
MCX SUPPORT & RESISTANCE LEVEL (25 SEP 2018)
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Monday, September 24, 2018
MCX Support and Resistance Level (24 Sep 2018)
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Wednesday, September 19, 2018
MCX SUPPORT & RESISTANCE LEVEL (19 SEP 2018)
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