A Trading Hub for fellow traders, updated fortnightly.

2 Aug 2017

Today I will apply MACD Charts on....

Today volatility will be expected ahead of RBI Decision!!
If rate cut (0.25 bps ) Already discounted means rally already done!!
If rate cut (0.50 bps)…… Another rally will be expected
If unchanged…….. Profit booking & Panic selling will be expected!!
Today Bank Nifty Future is facing resistance 25200-25260 levels
If breaks 25260 and holds above the level………. Try to move 25350-25550
Today’s supports 25130-25075……… After policy if stays below 25075
Finding next support around 24800
Today Nifty Future is expected to open flattish note
Likely to witness volatility will be expected during the day ahead of RBI Policy!!
Today Nifty Future is facing resistance 10150-10170 and 10190
Above Three levels are very hurdle for Today’s trade!!
After policy ( If rate cut)……if sustains above 10190…….. 
Big rally will be expected up to 10240
Today Nifty Future is consider supports 10125 and 10105
Once if breaks 10105 and holds below the level……. Try to check 10085
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