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Options data suggests an immediate trading range of 23,500�24,000, with 23,700 acting as a critical trigger for upward momentum - Tradebulls Securities Pvt Ltd

Nifty An 'Inside Bar' formation near the 200 DEMA support, coupled with an exhausting ADX move, signals a potential reversal near the 23,500– 23,600 support zone. Nifty's close at 23,605, aligning with the 78.6% Fibonacci retracement level, highlights resilience in this range. While trend strength indicators remain negative, extreme intraday oversold conditions hint at a possible short-covering-based rebound. Options data suggests an immediate trading range of 23,500&ndas...

Options data suggests an immediate trading range of 23,500�24,000, with 23,700 acting as a critical trigger for upward momentum - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-24 10:06:29 am

Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6005 for tgt of 5900 and stoploss of 6075 - Tradebulls Securities Pvt Ltd

GOLD Gold is now coming into xmas season and so range will get constrained this week after US Fed rate cut have disappointed the market. Buy on dips near 75900 for tgt of 76800 and stoploss of 75700. CRUDE Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6005 for tgt of 5900 and stoploss of 6075. Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals....

Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6005 for tgt of 5900 and stoploss of 6075 - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-24 09:40:35 am

The Nifty closed below its critical 200-DEMA support at 23,690 but held near the 78.6% Fibonacci retracement level at 23,605 - Tradebulls Securities Pvt Ltd

Nifty The Nifty closed below its critical 200-DEMA support at 23,690 but held near the 78.6% Fibonacci retracement level at 23,605. While trend strength indicators remain in the negative zone, intraday readings suggest extreme oversold conditions, hinting at a potential short covering-based rebound. Options data indicates an immediate range of 23,500–24,000 for the week, with 23,700 acting as a key trigger level for short covering. If the Nifty defends the 23,560–23,500 support...

The Nifty closed below its critical 200-DEMA support at 23,690 but held near the 78.6% Fibonacci retracement level at 23,605 - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-23 09:54:40 am

Gold Gold is now coming into xmas season and so range will get constrained this week after US Fed rate cut have disappointed the market. Buy on dips near 75800 for tgt of 76400 and stoploss of 75600. Crude Oil Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6005 for tgt of 5900 and stoploss of 6075. Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base met...

Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6005 for tgt of 5900 and stoploss of 6075 - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-20 11:44:13 am

Markets are expected to consolidate further for a day or two before resuming the upward move toward the inverse head-and-shoulders pattern target of 25,640 - Tradebulls Securities Pvt Ltd

Nifty As anticipated, the index may continue to consolidate, with yesterday’s closing below the 20 DEMA support level and an RSI breakdown below 50 signaling potential concerns. If Nifty 50 manages to defend the 24,200 level (last week’s low), a rebound toward 24,500–24,700 is likely. However, a break below this level could see the index testing the critical 24,000 mark. Markets are expected to consolidate further for a day or two before resuming the upward move tow...

Markets are expected to consolidate further for a day or two before resuming the upward move toward the inverse head-and-shoulders pattern target of 25,640 - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-19 09:47:08 am

Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6025 for tgt of 5950 and stoploss of 6075 - Tradebulls Securities Pvt Ltd

Gold Gold is now coming into xmas season and so range will get constrained this week after US Fed rate cut. Buy on dips near 76600 for tgt of 77200 and stoploss of 76400. Crude Oil Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6025 for tgt of 5950 and stoploss of 6075. Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform whi...

Crude Oil has bounced seen good recovery but 6050 is strong hurdle so sell on rise near 6025 for tgt of 5950 and stoploss of 6075 - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-18 12:05:54 pm

Markets to Consolidate Before Resuming Upward Move Toward 25,640 - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-18 10:09:31 am

Crude Oil has bounced from oversold region and now one can go long near 5900 for tgt of 6050 and stoploss of 5850 - Tradebulls Securities Pvt Ltd

GOLD Gold is now coming into xmas season and so range will get constrained next week after US Fed rate cut. Buy on dips near 78400 for tgt of 79200 and stoploss of 78000. CRUDE OIL Crude Oil has bounced from oversold region and now one can go long near 5900 for tgt of 6050 and stoploss of 5850. Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Alu...

Crude Oil has bounced from oversold region and now one can go long near 5900 for tgt of 6050 and stoploss of 5850 - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-17 12:31:59 pm

Nifty is expected to consolidate within the 24,800�24,500 range for a day or two before resuming its upward momentum - Tradebulls Securities Pvt Ltd

Nifty Nifty is expected to consolidate within the 24,800–24,500 range for a day or two before resuming its upward momentum. The index appears well-positioned for a strong move, with an inverse head-and-shoulders pattern on the daily chart projecting a target of 25,640. Sustained consolidation above the critical neckline support at 24,300 has demonstrated resilience, while improving momentum is evident through last week’s RSI crossover above 50 on the weekly scale despite recen...

Nifty is expected to consolidate within the 24,800�24,500 range for a day or two before resuming its upward momentum - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-17 10:05:17 am

The index has consolidated above the critical neckline support at 24,300 for weeks, showcasing resilience - Tradebulls Securities Pvt Ltd

Nifty Nifty appears well-positioned for a strong upward move, with an inverse head-and-shoulders pattern on the daily chart projecting a target of 25,640. The index has consolidated above the critical neckline support at 24,300 for weeks, showcasing resilience. Momentum is improving, as highlighted by last week’s RSI crossover above 50 on the weekly scale, despite recent volatility. Additionally, a consecutive weekly close above the 24,500-option cluster reinforces the bullish undert...

The index has consolidated above the critical neckline support at 24,300 for weeks, showcasing resilience - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-16 09:54:50 am

Base metals are trading mixed as yesterday`s weak European PMI was negative for base metals- Tradebulls Securities Pvt Ltd

GOLD Gold is now coming into xmas season and so range will get constrained next week after US Fed rate cut. Buy on dips near 78400 for tgt of 79200 and stoploss of 78000. CRUDE OIl Crude Oil has bounced from oversold region and now one can go long near 5900 for tgt of 6050 and stoploss of 5850. Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Alu...

Base metals are trading mixed as yesterday`s weak European PMI was negative for base metals- Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-13 11:46:25 am

Gold is now coming into xmas season and so range is getting constrained - Tradebulls Securities Pvt Ltd

GOLD Gold is now coming into xmas season and so range is getting constrained. Buy on dips near 76400 for tgt of 77000 and stoploss of 76000 CRUDE OIL Crude Oil has bounced from oversold region and now one can go long near 5750 for tgt of 5900 and stoploss of 5650. Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform. ...

Gold is now coming into xmas season and so range is getting constrained - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-12 11:10:16 am

Nifty`s upward trajectory appears well-supported, presenting attractive opportunities for both traders and investors to capitalize on the ongoing rally - Tradebulls Securities Pvt Ltd

Nifty Nifty maintained its consolidative stance for 4th consecutive session while it holds itself above its 5-day exponential moving average (DEMA) support. The 24,500-level acted as a supply zone and marked the neckline resistance of the Inverse Head & Shoulders pattern. Last week's breakout above 24,500 confirmed the activation of this pattern, unlocking an upside target of 25,600. Technically, the Relative Strength Index (RSI) continues to trend upward, reflecting strengthening...

Nifty`s upward trajectory appears well-supported, presenting attractive opportunities for both traders and investors to capitalize on the ongoing rally - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-12 10:29:58 am

GOLD Gold is now coming into xmas season and so range is getting constrained. Buy on dips near 76400 for tgt of 77000 and stoploss of 76000. CRUDE OIL Crude Oil has bounced from oversold region and now one can go long near 5750 for tgt of 5900 and stoploss of 5650. Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform. &nbs...

Gold is now coming into xmas season and so range is getting constrained - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-10 11:14:22 am

The Nifty continued consolidating above its 5-day exponential moving average support - Tradebulls Securities Pvt Ltd

Nifty The Nifty continued consolidating above its 5-day exponential moving average (DEMA) support, showing resilience with no signs of exhaustion. The 24,500 level, previously a supply zone and neckline resistance of the Inverse Head & Shoulders pattern, now acts as strong support. Last week's breakout above this level activated an upside target of 25,600. The Relative Strength Index (RSI) is trending upward, signaling strengthening momentum, while the Average Directional Index (AD...

The Nifty continued consolidating above its 5-day exponential moving average support - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-10 10:27:01 am

GOLD Gold is now coming into xmas season and so range is getting constrained. Buy on dips near 76400 for tgt of 77000 and stoploss of 76000. CRUDE OIL Crude Oil has bounced from oversold region but still one can go short near 5870 for tgt of 5750 and stoploss of 5920. Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underper...

Gold is now coming into xmas season and so range is getting constrained - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-09 10:48:30 am

Gold Gold is now coming into xmas season and so range is getting constrained. Buy on dips near 76900 for tgt of 77400 and stoploss of 76700. Crude Oil Crude Oil has bounced from oversold region but still one can go short near 5890 for tgt of 5750 and stoploss of 5940. Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underper...

Gold is now coming into xmas season and so range is getting constrained - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-06 09:55:10 am

Nifty surged past critical resistance, crossing its 50-day exponential moving average (DEMA) and breaking above a ‘Doji’ candlestick high in a single session. This decisive breakout, backed by strong volumes, ended a two-day consolidation range and expanded the trading spectrum, forcing options writers to adjust positions. Technical indicators reinforce the bullish outlook. The daily Relative Strength Index (RSI) is trending upward, reflecting strengthening momentum. Simultaneousl...

Nifty surged past critical resistance, crossing its 50-day exponential moving average (DEMA) and breaking above a `Doji` candlestick high in a single session - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-06 09:48:02 am

Nifty has managed to close above its 50 DEMA level of 24,410, but the breakout remains indecisive - Tradebulls Securities Pvt Ltd

Nifty Nifty has managed to close above its 50 DEMA level of 24,410, but the breakout remains indecisive. On the daily chart, the formation of a Narrow Ranged Doji candlestick reflects a lack of conviction and consolidation at higher levels. Indicators show gradual improvement, with the daily RSI moving upward and the ADX setup turning positive as the +DI crosses 30 while ADX trends at 25. Option data suggests a 24,400–24,700 range in the short term. The recent bullish crossover of th...

Nifty has managed to close above its 50 DEMA level of 24,410, but the breakout remains indecisive - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-05 10:13:07 am

The index had a strong start to the week, displaying resilience in the face of conflicting global signals and poor GDP figures - Tradebulls Securities Pvt Ltd

Nifty The index had a strong start to the week, displaying resilience in the face of conflicting global signals and poor GDP figures. Across all industries, a few heavyweight equities spearheaded this rebound, with IT and banking taking the lead. With the help of last week's strong rebound and the development of a bullish harami pattern, which indicates a shift in the support base towards 23,870, the index has technically tried to break above its 50 DEMA resistance around 24,410. A fal...

The index had a strong start to the week, displaying resilience in the face of conflicting global signals and poor GDP figures - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-04 09:44:04 am

The index commenced the week on a positive note, showing resilience by absorbing disappointing GDP data and mixed global cues - Tradebulls Securities Pvt Ltd

Nifty The index commenced the week on a positive note, showing resilience by absorbing disappointing GDP data and mixed global cues. This recovery was driven by select heavyweight stocks across sectors, with momentum further fueled by hopes that the RBI might announce supportive measures in its upcoming policy meeting later this week. Technically, the index is attempting to break above its 50 DEMA resistance at 24,410, supported by last week’s robust recovery. The formation of a bull...

The index commenced the week on a positive note, showing resilience by absorbing disappointing GDP data and mixed global cues - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-03 10:15:55 am

The index showed signs of profit booking as it approached the 50 DEMA resistance at 24,370, following a robust recovery earlier in the week - Tradebulls Securities Pvt Ltd

Nifty The index showed signs of profit booking as it approached the 50 DEMA resistance at 24,370, following a robust recovery earlier in the week. The dip below the 5 DEMA support of 24,070 saw a reversal around 23,900, signaling resilience despite consolidation. While the daily RSI reflects improving momentum, a declining ADX suggests a pause in the down trend. A breakout above the 50 DEMA resistance zone of 24,400 could reignite directional momentum. December options data highlights soli...

The index showed signs of profit booking as it approached the 50 DEMA resistance at 24,370, following a robust recovery earlier in the week - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-02 09:53:03 am

Crude Oil has bounced from oversold region but still one can go short near 5890 for tgt of 5750 - Tradebulls Securities Pvt Ltd

Gold Gold is highly volatile and is going through correction. Buy on dips near 75900 for tgt of 76400 and stoploss of 75700. Crude Oil Crude Oil has bounced from oversold region but still one can go short near 5890 for tgt of 5750 and stoploss of 5940. Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform. ...

Crude Oil has bounced from oversold region but still one can go short near 5890 for tgt of 5750 - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-12-02 09:25:52 am

The index breaks above its 50 DEMA resistance zone of 24400 - Tradebulls Securities Pvt Ltd

Nifty After the robust rebound early this week the index faced profit booking pressure near its 50 DEMA level of 24370. The expiry adjustment pressure mounted once the index slipped below 5 DEMA support of 24070 during the day as the index decisively at 23900 far below the consolidation support zone of 24130. On the indicator front a declining ADX is a sign for consolidation despite the improving RSI on its daily scale. The directional momentum is expected to resume once the index breaks a...

The index breaks above its 50 DEMA resistance zone of 24400 - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-29 09:59:10 am

Gold is highly volatile and is going through correction - Tradebulls Securities Pvt Ltd

Gold Gold is highly volatile and is going through correction. Buy on dips near 75000 for tgt of 75800 and stoploss of 74700. Crude Oil Crude Oil has bounced from oversold region but still one can go short near 5890 for tgt of 5750 and stoploss of 5940. Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform. ...

Gold is highly volatile and is going through correction - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-29 09:16:48 am

The index appears well-positioned to extend its rally - Tradebulls Securities Pvt Ltd

Nifty After the robust rebound early this week the index witnessed consolidation above its 20 DEMA support of 24055. This current recovery coincides with the formation of a bullish reversal candlestick pattern on the weekly chart, hinting at a potential shift in trend. Currently, the index appears well-positioned to extend its rally. A sustained move above the 50 DEMA resistance zone near 24,410 could trigger a decisive breakout, opening the path to the pattern target zone of 24,940, with ...

The index appears well-positioned to extend its rally - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-28 10:11:15 am

The index appears well-positioned to extend its rally - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-27 10:07:43 am

The Nifty index demonstrated a strong upswing this week, climbing towards the upper boundary of its Declining Channel Pattern - Tradebulls Securities Pvt Ltd

Nifty The Nifty index demonstrated a strong upswing this week, climbing towards the upper boundary of its Declining Channel Pattern. A robust rebound early in the week allowed it to surpass the critical 20 DEMA resistance level of 24,040, validating the rising support zone from the 23,500 towards 24000. This recovery coincides with the formation of a bullish reversal candlestick pattern on the weekly chart, hinting at a potential shift in trend. Currently, the index appears well-positioned...

The Nifty index demonstrated a strong upswing this week, climbing towards the upper boundary of its Declining Channel Pattern - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-26 10:04:25 am

Nifty appears to be at a critical turning point, showing resilience after seven consecutive weeks of decline - Tradebulls Securities Pvt Ltd

Nifty Nifty appears to be at a critical turning point, showing resilience after seven consecutive weeks of decline. A strong rebound on the final day of the week enabled it to close above the 200 DEMA support at 23,540, while also validating the support zone around 23,500–23,300 within its ongoing Declining Channel Pattern. This recovery is accompanied by a bullish reversal candlestick pattern on the weekly chart, signaling a potential trend shift. The index now seems poised to exten...

Nifty appears to be at a critical turning point, showing resilience after seven consecutive weeks of decline - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-25 10:01:46 am

Nifty 50 Struggles Below 200 DEMA, Faces Selling Pressure at 23,540 - Tradebulls Securities Pvt Ltd

Nifty Nifty 50 continues to face selling pressure, struggling to reclaim its 200 DEMA support at 23,540, which also aligns with a key channel pattern support. A sustained breach below 23,500 could extend the decline to 23,200, coinciding with the 50-week EMA. However, a positive RSI divergence hints at weakening bearish momentum, though a reversal is yet to be confirmed. Options data indicates a rangebound outlook between 23,300–23,700, with significant resistance at 24,000. The cool...

Nifty 50 Struggles Below 200 DEMA, Faces Selling Pressure at 23,540 - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-22 10:04:00 am

Options data indicates a range-bound outlook of 23,300�23,700, with strong resistance at 24,000, reflecting cautious sentiment - Tradebulls Securities Pvt Ltd

Nifty Nifty continues to drag lower yet it tried to regain above its 200 DEMA support level of 23500 which also coincides with a key channel pattern support. If the Nifty 50 sustains below 23,500, given the bearish sentiment the decline could extend to 23,200, which coincides with the 50-week EMA. On the upside, the 23,800-23,900 range could act as a resistance zone for the week. However, a positive RSI divergence hints at weakening bearish momentum, though a clear reversal is yet to be co...

Options data indicates a range-bound outlook of 23,300�23,700, with strong resistance at 24,000, reflecting cautious sentiment - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-21 10:04:50 am

The Nifty is at a crucial juncture, testing key support and resistance levels amidst a mixed sentiment backdrop - Tradebulls Securities Pvt Ltd

Nifty The Nifty is at a crucial juncture, testing key support and resistance levels amidst a mixed sentiment backdrop. The 200 DEMA at 23,500, aligning with channel pattern support, remains critical; a breach could lead to a further decline toward 23,200, coinciding with the 50- week EMA. On the upside, the 23,800–23,900 range presents immediate resistance, with a broader hurdle at 24,000. A positive RSI divergence signals weakening bearish momentum, though a clear reversal is yet to...

The Nifty is at a crucial juncture, testing key support and resistance levels amidst a mixed sentiment backdrop - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-19 10:28:11 am

Gold Gold is highly volatile and is going through correction. Sell on rise near 74200 for tgt of 73800 and stoploss of 74500 Crude Oil Crude Oil has bounced from oversold region but still one can go short near 5850 for tgt of 5750 and stoploss of 5910. Base Metals Update Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform. Please ...

Gold is highly volatile and is going through correction - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-18 10:13:27 am

Options Data Hints Range-Bound View : 23,300-23,700, Resistance 24,000 - Tradebulls Securities Pvt Ltd

Nifty Post the Nifty's 9% correction has found support near its 200-day moving average (23,500), coinciding with a key channel pattern. Weak global cues, a strong dollar index, record-low rupee levels, high inflation, and foreign investor outflows have driven the decline. However, a positive RSI divergence hints at weakening bearish momentum, though a clear reversal is yet to be confirmed. Options data indicates a range-bound outlook of 23,300–23,700, with strong resistance at 24...

Options Data Hints Range-Bound View : 23,300-23,700, Resistance 24,000 - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-18 09:22:58 am

RSI Shows Positive Divergence, Suggesting Weakening Bearish Momentum - Tradebulls Securities Pvt Ltd

Nifty The Nifty's decline has brought it closer to its 200 DEMA level, aligning with the ongoing channel pattern support zone, a critical level for assessing near-term direction. The daily RSI shows a positive divergence, suggesting weakening bearish momentum with a two-point alignment, which could help stabilize any immediate downside. However, traders should watch for a third divergence point to confirm a potential reversal. Options data indicates a shift from the 24,000–23,800...

RSI Shows Positive Divergence, Suggesting Weakening Bearish Momentum - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-14 10:06:05 am

Nifty currently stands at a pivotal juncture, showing potential for a bullish reversal - Tradebulls Securities Pvt Ltd

Nifty Nifty currently stands at a pivotal juncture, showing potential for a bullish reversal. However, for a confirmed trend shift, a solid close above the 24,540 mark is necessary. A "Piercing Line" pattern near the 23,800 level has recently reinforced the channel pattern’s support, indicating buyer strength at lower levels. A decisive break above 24,540 on a consistent closing basis would validate the trend reversal, providing a clear directional cue. Technical indicators...

Nifty currently stands at a pivotal juncture, showing potential for a bullish reversal - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-13 09:55:17 am

Gold Gold is highly volatile and is going through correction. Sell on rise near 75500 for tgt of 74500 and stoploss of 76100 Crude Oil Crude Oil has bounced from oversold region but still one can go short near 5868 for tgt of 5750 and stoploss of 5910. BASE METAL UPDATE Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform. ...

Gold is highly volatile and is going through correction - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-13 09:03:30 am

Weekly Report : Nifty did continue to slide lower below its 5 WEMA resistance level along with its 20 WEMA support - Tradebulls Securities Pvt Ltd

NIFTY WEEKLY * Recovery & close above the 24000 support is a sign of early strength & diminishing bearish momentum * Nifty did continue to slide lower below its 5 WEMA resistance level along with its 20 WEMA support. Only a firm close above the 24470 level on weekly basis would amplify the short covering mode. * Immediate level to track on the upside stands at 24540 insync with the progressing trend within the channel. Channel range now placed at 24500-23700. * Trend stren...

Weekly Report : Nifty did continue to slide lower below its 5 WEMA resistance level along with its 20 WEMA support - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-12 10:47:09 am

Nifty currently stands at a pivotal juncture, showing potential for a bullish reversal - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-12 09:55:14 am

RSI`s Positive Divergence Hints at Weakening Bearish Momentum - Tradebulls Securities Pvt Ltd

Nifty It seems the index is poised at a pivotal stage with potential signs of bullish reversal, yet it still requires solid confirmation above 24540. The "Piercing Line" pattern near 23,800 is a promising base which also coincides with the channel pattern support zone. However, breaking above 24,540 on a consistent closing basis is essential for a clear trend reversal. The daily RSI's positive divergence with the two-point support hint at weakening bearish momentum, which cou...

RSI`s Positive Divergence Hints at Weakening Bearish Momentum - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-11 10:14:49 am

Daily RSI Divergence, Support Levels Indicate Weakening Bearish Momentum - Tradebulls Securities Pvt Ltd

Nifty It seems the index is poised at a pivotal stage with potential signs of bullish momentum, yet it still requires solid confirmation. The "Piercing Line" pattern near 23,800 is a promising base, bolstered by recent short-covering that pushed it closer to its 20 DEMA. However, breaking above 24,550 on a consistent closing basis is essential for a clear trend reversal. The daily RSI's positive divergence and the two-point support hint at weakening bearish momentum, which co...

Daily RSI Divergence, Support Levels Indicate Weakening Bearish Momentum - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-08 10:09:56 am

Gold is highly volatile near US presidential election with Trump winning the White House - Tradebulls Securities Pvt Ltd

Gold Gold is highly volatile near US presidential election with Trump winning the White House. Gold may see some correction around 78900 for tgt of 77900 and stoploss of 79500. . Crude Oil Crude Oil has bounced from oversold region and now one can buy around 5900 for tgt of 6000 and stoploss of 5850. BASE METAL UPDATE Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while...

Gold is highly volatile near US presidential election with Trump winning the White House - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-07 10:27:00 am

Options data suggests 24300-24700 range; 24500 key hurdle, support 24000 - Tradebulls Securities Pvt Ltd

Nifty The Nifty had a solid follow-through session yesterday, closing near 24,500 and regaining support above the 24,160, largely due to short covering but the index failed to overcome its 20 DEMA level of 24550. The "Piercing Line" pattern appears to have been confirmed by yesterday's closing and indicates a likely established base at 23800. This move indicated a potential attempt at reversal from this point and appears to be a new upward rally towards 25340, which is the cu...

Options data suggests 24300-24700 range; 24500 key hurdle, support 24000 - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-07 09:54:42 am

Gold is witnessing strong upmove and is making fresh life time highs - Tradebulls Securities Pvt Ltd

Gold Gold is witnessing strong upmove and is making fresh life time highs. Buy on dips near 78200 for tgt of 79000 and stoploss of 78000 Crude Oil Crude Oil has bounced from oversold region and now one can buy around 5950 for tgt of 6100 and stoploss of 5850. BASE METAL UPDATE Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform. P...

Gold is witnessing strong upmove and is making fresh life time highs - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-06 10:37:08 am

A strong breakout with new long positions might provide a clear direction for the November series - Tradebulls Securities Pvt Ltd

Nifty Due to Large part of short covering, the Nifty showed a strong comeback during yesterday's session, ending above 24,200 and reclaiming support above the 24,000 mark. This move suggested a possible reversal effort from here and discredited the recent 'Inside Bar' reversal pattern. However, a close above 24,460 would be excellent to establish a bottom formation at the 23,800 base. The 24,460–24,500 mark is the immediate resistance zone. A strong breakout with new long...

A strong breakout with new long positions might provide a clear direction for the November series - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-06 09:31:03 am

Nifty50 index is fluctuating between 24,160 and 24,400, which is a very small range - Tradebulls Securities Pvt Ltd

Nifty Nifty50 index is fluctuating between 24,160 and 24,400, which is a very small range. Around the 24,160 mark, the "Inside Bar" candlestick pattern has just emerged, indicating a possible end to the declining trend and an eventual rise that might be driven on by a big short-covering rally in the early November series. However, we would want a distinct closing basis breakout over 24,460 in order to resume an upward climb. The market appears to be gaining traction at the moment...

Nifty50 index is fluctuating between 24,160 and 24,400, which is a very small range - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-11-04 10:20:15 am

Gold Gold is witnessing strong upmove and is making fresh life time highs. Buy on dips near 78800 for tgt of 79300 and stoploss of 78400 Crude Oil Crude Oil has reached oversold region and now one can buy around 5680 for tgt of 5900 and stoploss of 5550. BASE METAL UPDATE Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform. ...

Gold is witnessing strong upmove and is making fresh life time highs - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-10-31 09:39:00 am

Gold is witnessing strong upmove and is looking overstretched - Tradebulls Securities Pvt Ltd

Gold Gold is witnessing strong upmove and is looking overstretched. Buy on dips near 77800 for tgt of 78500 and stoploss of 77400 Crude Oil Crude Oil has reached oversold region and now one can buy around 5650 for tgt of 5900 and stoploss of 5500. BASE METAL UPDATE Base metals are trading mixed as yesterday’s weak European PMI was negative for base metals. Nickel continues to outperform while Aluminum continues to underperform. Ple...

Gold is witnessing strong upmove and is looking overstretched - Tradebulls Securities Pvt Ltd

Source: Tradebulls Securities Pvt Ltd
2024-10-30 09:53:21 am