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NIFTY Spot on the Monthly charts is trading near the Channel Resistance, Clearly Nifty is moving in a rising channel technical pattern and after a huge bull run from Bottoms of 7511 in March 2020, Hits high of 13145 Rally of 5634 Points in 8 Months Approx. From here Those who trade in Nifty on Positional Basis Can take a Risk to Sell Nifty in Zone of 13200- 13400 with Stoploss of 13700 and Expect correction in the Index.
NIFTY FUT on the weekly Chart Trading around long term trend line support levels. (Marked with Black color line in above chart)
Bearish on Nifty Future only once Closed below or sustains below 14200. Trading around crucial levels and Buy on dips should be strategy with stop loss of 14200 on closing basis.
Bearish on Nifty Future only once Closed below or sustains below 14200. Trading around crucial levels and Buy on dips should be strategy with stop loss of 14200 on closing basis.
On the weekly chart Nifty future is trading above all crucial averages 21,50,200.
On Tuesday 8th Feb 2022 Tata Steel gained 3.09% and closed at 1219.60 on NSE. Stock price apricated by 36.60 per share. On a volatile day stock closed around intraday high. Today stock touched intraday low of 1171.50 and managed to close in positive territory. TATASTEEL today was top gaining stock in Nifty 50 Stocks Index.
On Daily Chart we can observe stock is forming ascending tringle pattern. Stock is about to cross 200 Exponential Moving average which is at 1230. Also stock is trading above 50 & 100 EMA. Relative Strength Index (RSI) also showing upward move.
Looking at the chart pattern, 200 Days EMA and RSI Indicator we recommend short term traders to enter long position above 1230 with stoploss below today low of 1171.50, Expected Targets on the upside 1245- 1260.
On Daily Chart we can observe stock is forming ascending tringle pattern. Stock is about to cross 200 Exponential Moving average which is at 1230. Also stock is trading above 50 & 100 EMA. Relative Strength Index (RSI) also showing upward move.
Looking at the chart pattern, 200 Days EMA and RSI Indicator we recommend short term traders to enter long position above 1230 with stoploss below today low of 1171.50, Expected Targets on the upside 1245- 1260.
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FNO Heatmap On 4 Time Frames 15Mins-1Hour- Daily and Weekly (18th July 2022) Which Helps us to Identify the True Trend
More than 30℅ weight of Nifty earnings over weekend
Reliance: In line or minor miss
ICICI Bank: Strong
Kotak Bank: In line
Infosys: Better than expected
Reliance: In line or minor miss
ICICI Bank: Strong
Kotak Bank: In line
Infosys: Better than expected