NIFTY FUTURE OVERVIEW :-
NIFTY SPOT TREND B/W 11600 – 11900 FOR NEXT WEEK.
MAJOR SUPPORT LEVEL IS 11500, IF IT’S BREAK NIFTY SPOT WILL LIKELY GOES NEGATIVE.
MAJOR RESISTANCE LEVEL IS 1200, IF BREAK NIFTY LIKELY TO GOES POSITIVE.
MAJOR POINT IN NIFTY SPOT, NIFTY SPOT CLOSE 21 JUNE 2019 BELOW MOVING AVERAGE (50) LINE , IT INDICATE THE BEARISH SIGNAL.
RSI MAKE A NEW LOW WHILE NIFTY STILL HOLD THE TREND LINE SUPPORT.
BANK NIFTY FUTURE OVERVIEW :-
BANK NIFTY SPOT TREND B/W 31000 – 31800 FOR NEXT WEEK.
MAJOR SUPPORT LEVEL IS 31000, IF IT BREAKS THAN BANK NIFTY WILL LIKELY GOES NEGATIVE.
MAJOR RESISTANCE LEVEL IS 31800,IF BREAKS BANK NIFTY LIKELY TO GOES POSITIVE.
MAJOR POINT IN BANK NIFTY : IT MAKE A CUP WITH HANDLE PATTERN IN HOURLY CHART WHICH IS BULLISH SIGNAL FOR IT.
RSI INDICATOR MAKE A SYMMETRICAL TRIANGLE WHICH IS ALSO POSITIVE SIGN FOR BUY SIDE.
52 WEEKS HIGH STOCK DURATION TILL 01 JULY 2019 TO 05 JULY 2019
52 WEEKS LOW STOCK DURATION TILL 01 JULY 2019 TO 05 JULY 2019
TOP MOST NEWS NEXT WEEK 08 JULY TO 12 JULY 2019 DATE WISE:-
08 JULY 2019
JAPAN : ADJUST CURRENT ACCOUNT, GERMAN TRADE BALANCE FOR MAY.
RESULT : GOA CARBON, HATHWAY CABLE.
09 JULY 2019
BONUS EX: GAIL (1:1), US: JOLTS JOB OPENINGS (MAY), US: FOMC MEMBER BOSTIC SPEAKS.
RESULT : TCS
10 JULY 2019
US : API WEEKLY CRUDE OIL STOCK, CHINA CPI AND PPI DATA, UK GDP DATA, UK INDUSTRIAL PRODUCTON, UK MANUFACTURING PRODUCTION,UK TRADE BALANCE, US: CRUDE OIL INVENTORIES, US: FOMC MEETING MINUTES.
11 JULY 2019
GERMAN CPI DATA, OPEC MONTHLY REPORT, US CPI DATA, FOMC MEMBER WILLIAMS SPEAKS, US : FEDRAL BUDGET BALANCE (JUNE).
12 JULY 2019
RESULT : INFY, INDUSINDBK, KARNATKA BANK, RELIANCE INDUSTRIES.
OUR PICK STOCK 10-20 DAYS DURATION:-
BUY KOTAK BANK ABOVE 1520 TGT 1600/1680 STOP LOSS 1460
REASONS :-
SHORT TERM TREND IS UPSIDE SIDE AND IT MAKE A SYMMETRICAL TRIANGLE IN 04 HOURLY CHART.
IT IS A CONTINUES BULLISH PATTERN IN TECHNICAL LANGUAGE.
IT TAKE THE 50 DMA SUPPORT AND THAN BREAK OUT IT AND TRADED ABOVE 50 DMA.
RSI INDICATOR ALSO GAVE THE BREAK OUT IN CHART.
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