Nifty, Banknifty, top stocks Analysis with imp leves!The indices saw a positive Thursday expiry, with option writers possibly making good returns thanks to a tough fight at 36,000 for Banknifty and a lack of momentum for Nifty. In fact, a directional buyer would have lost 50% premium over the past two days even though Nifty went up.
Where do you think the #stockmarket is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986, 16,040, 16,120, 16,177, 16,225, 16,349.45
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529,
RELIANCE
Nifty, Banknifty, top stocks Analysis with imp leves!The indices saw a choppy session ahead of the Thursday expiry. Midcaps and smallcaps continue to take a beating, but large caps seem to have held their ground well. Reliance tends to hold strong when the broad market is facing selling pressure, hence clearing the 2100 psych level.
Where do you think the #stockmarket is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986, 16,040, 16,120, 16,177, 16,225, 16,349.45
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529,
Nifty, Banknifty, Top Stocks Analysis with imp leves!Despite creating a fresh ATH, #Nifty saw some selling today. PSU banks dragged #banknifty lower, but it managed to stay above the previous close thanks to private banks.
Where do you think the #stockmarket is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986, 16,040, 16,120, 16,177, 16,225, 16,349.45,
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529,
Reliance - Elliott wave analysis - C of ABC flat pattern It is already in 3rd of C wave down as the part of flat correction, where 2nd subwave is in progress and expecting small bounce before it resume the further downside. It should remain below 2134 to confirm the count in current corrective bounce. But if it crosses above 2134, then it can form expanded flat 2nd subwave of C.
Support and resistance levels of RILSupport and resistance level of reliance industries limited - if stocks closes below 2120 on daily chats them there is a possibility of 2050 level. 2050 will act as a decent support. On upper side 2200 and then new LTH is possible if it able to close are 2120 on daily chart.
Disclaimer - this is just for educational propose and not a trading or investment advise
Reliance Inside bar 2H FrameHi Traders,
Inside Bar Form 2H frame
Entry Yellow Table Above Or Below Breakout
Sl make candle High or Low
Its Profit Making Strategy
Levels Update On 28/6/2021 After Breakout
Simple & best techniques for Trading called S&D Zone easy to understand for making Profitable Trade. Believe Price Action, has the potential to change your trading lives.
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Sakthi
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