Saturday 4 May 2019

WEEKLY REPORT for 06 MAY to 10 MAY 2019


NIFTY FUTURE OVERVIEW :-

NIFTY FUT. TREND B/W 11480 – 11940 NEXT WEEK. 

MAJOR SUPPORT LEVEL IS 11520, IF IT’S BREAK NIFTY FUT. WILL LIKELY GOES NEGATIVE.

MAJOR RESISTANCE LEVEL IS 11680, IF BREAK NIFTY LIKELY TO GOES POSITIVE.

MAJOR POINT IN NIFTY FUT.,NIFTY FUT.CLOSE 03 MAY 2019 ABOVE  MOVING AVERAGE (14) LINE, BUT OUR DAILY CHART SHOW  VOLUME ARE CONTINUOUSLY DATE WISE (AS (ON BALANCE VOLUME INDICATOR SHOW)DECREASE THIS WEEK,THIS IS SIGNALS ARE BEARISH SIGNAL. NEXT WEEK NIFTY FUT. OPEN DEPEND ON INTERNATIONAL MARKET TREND. AND AGAIN NIFTY FUT. RANGE BOUND.


BANK NIFTY FUTURE. OVERVIEW :-

BANK NIFTY FUT. TREND B/W 29400 – 30300  NEXT  WEEK. 

MAJOR SUPPORT LEVEL IS 29600, IF IT’S BREAK BANK NIFTY FUT. WILL LIKELY GOES NEGATIVE.

MAJOR RESISTANCE LEVEL IS 29785, IF BREAK BANK NIFTY LIKELY TO GOES POSITIVE.

MAJOR POINT IN BANK NIFTY FUT., BANK NIFTY FUT. CLOSE 03 MAY 2019 ABOVE MOVING AVERAGE (14) LINE, OUR DAILY CHART SHOW AND VOLUME ARE CONTINUOUSLY DATE WISE (AS (ON BALANCE VOLUME INDICATOR SHOW) INCREASE,THIS SIGNALS ARE BULLISH SIGNAL. NEXT WEEK DEPEND ON INTERNATIONAL MARKET TREND. AND AGAIN BANK NIFTY FUT. RANGE BOUND.

52 WEEKS HIGH STOCK DURATION TILL 29 APRIL 2019 TO 03 MAY 2019



52 WEEKS LOW STOCK DURATION TILL 29 APRIL 2019 TO 03 MAY 2019



TOP MOST NEWS NEXT WEEK 06 MAY TO 10 MAY 2019 DATE WISE:- 

06 MAY 2019

ELECTION PHASE 5.

ICICIBANK/AIRTEL/MARICO/WOCKHARDT/CHENNAI PETRO RESULT.

07 MAY 2019

VEDL/ABB INDIA/ESCORT/JYOTHY LAB./VIP IND./SPARC/CEAT RESULT.

08 MAY 2019

TITAN/SRTRANSFIN./TATA COMMUNICATION/GILLETTE/ALEMBIC PHARMA/KEC INTERNATIONAL/RAIN IND./E.I.D PARRY/JK PAPER  RESULT.

09 MAY 2019

HCLTECH/ASIAN PAINT/ORACLE FIN./VOLTAS/PNB HOUSING/MGL RESULT.

10 MAY 2019

US CORE CPI/LAST DAY TO SUBMIT BIDS FOR JET AIRWAYS.

SBI/L&T/CANARABK/PVR/KAJARIA RESULT.

OUR PICK STOCK 10-20 DAYS DURATION:-

BUY RELIANCIND. B/W 1370-1390 TGT 1630 STOP LOSS 1190


REASONS :- 

RELIANCE IND. MADE IN OUR WEEKLY CHART BULLISH FLAG PATTERN THIS SIGNAL IS BULLISH SIGNAL AND UPPER SIDE TGT @ 1500/1630.

CONTINUOUSLY THIS WEEK AND PREVIOUS WEEK OI AND VOLUME INCREASE AND THIS STOCK IS MOVEMENT ONE SIDED FOR UPPER SIDE .

ALL INDICATORS WE ARE USED SHOW BULLISH TREND.

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