NIFTY SPOT OVERVIEW :-
NIFTY FUT. TREND B/W 10700 – 10950 FOR NEXT WEEK.
MAJOR SUPPORT LEVEL IS 10050, IF IT’S BREAK NIFTY FUT. WILL LIKELY GOES NEGATIVE.
MAJOR RESISTANCE LEVEL IS 11060, IF BREAK NIFTY LIKELY TO GOES POSITIVE.
MAJOR POINT IN NIFTY FUT.,NIFTY SPOT:- TREND IS DOWN SIDE TODAY IT MAKE A BULLISH CANDLE BAR, AND IT MAKE A LOW BUT RSI DID NOT MAKE A NEW LOW THIS IS A REVERSAL SIGNAL.
BANK NIFTY FUTURE OVERVIEW :-
BANK NIFTY FUT. TREND B/W 27000– 28000 FOR NEXT WEEK.
MAJOR SUPPORT LEVEL IS 26500, IF IT BREAKS THAN BANK NIFTY WILL LIKELY GOES NEGATIVE.
MAJOR RESISTANCE LEVEL IS 28500,IF BREAKS BANK NIFTY LIKELY TO GOES POSITIVE.
MAJOR POINT IN BANK NIFTY SPOT, IN THIS WEEK IT CLOSED THE SUPPORT LEVEL AND IT MAKE A NEW LOW BUT RSI DID NOT MAKE A NEW LOW IN HOURLY CHART.
52 WEEKS HIGH STOCK DURATION TILL 19 AUG 2019 TO 23 AUG 2019
52 WEEKS LOW STOCK DURATION TILL 19 AUG 2019 TO 23 AUG 2019
TOP MOST NEWS NEXT WEEK 26 AUG TO 30 AUG 2019 DATE WISE:-
26 AUG 2019
GERMAN BUSINESS EXPECTATIONS, GERMAN CURRENT ASSESSMENT, US CORE DURABLE GOODS OFFER.
27 AUG 2019
GERMAN GDP DATA, US CB CONSUMER CONFIDENCE.
28 AUG 2019
GFK GERMAN CONSUMER CLIMATE, GERMAN 10-YEAR BUND AUCTION.
29 AUG 2019
GERMAN UNEMPLOYMENT CHANGE, GERMAN CPI DATA, US GDP DATE, US PENDING HOME SALES.
30 AUG 2019
RBI MONETARY AND CREDIT INFORMATION REVIEW, INDIA GDP DATA, EURO UNEMPLOYMENT RATE, JAPAN RETAIL SALES, US CHICAGO PMI, US CORE PCE PRICE INDEX.
OUR PICK STOCK 10-20 DAYS DURATION:-
BUY TATAELXSI B/W 640-642 TGT 690/740 STOP LOSS 600
REASONS :-
LONG TERM TREND IS DOWN SIDE AND IT MAKE A H&S PATTERN IN HOULY CHART.
IT IS A REVERSAL BULLISH PATTERN IN TECHNICAL LANGUAGE.
IT MAKE A PROPER HEAD AND SHOULDER WITH MULTIPLE SHOULDER IN THE CHART.
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