Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call 26 nov 2018, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 26 nov 2018
---------------------------------------------------------------------------------------------------------
Nifty has formed a bearish engulfing candlestick pattern on the weekly chart and is facing resistance near its 200-day EMA resistance of 10,700. For the higher top-higher bottom trend setup to continue, Nifty has to give a close above the 10,700-10,750 levels, post which, it could see an extension till 10,900. On the downside, support for the index is seen at 10430-levels.
Bank Nifty, meanwhile, traded in a tight range and ended the week nearly flat after having witnessed a strong breakout above its 200-day EMA in the previous week. There was a decline in momentum, which was indicated by the daily MACD-histogram. Immediate resistance is seen at levels of 26,400, a close above which could see the index move towards 26,800-27,000-levels, while support on the downside is seen in the range of 25,850-25,800-levels which coincides with its 200 day EMA.
Bank Nifty Futures witnessed an unwinding of long positions, closing the week ~1% lower. On the options front, across-the-board short selling was seen in out-of-the-money call options on Thursday. Bank Nifty (29NOV2018) 26500 CE added ~4.1 lakh shares in open interest, constituting a rise of ~100% in open positions in comparison to its previous day.
For Quick Trial Contact:
✆ - 09699997717✔
✆ - 0731-6626191 ✔
Mail: info@ways2capital.com
✆ Join us on WhatsApp @ 89620-00225 ✆
✆ 24/7 Customer Care 1800-3010-2007 (Toll Free).
0 comments:
Post a Comment