Nifty Swing Trade:
As per two day swing trade currently it is in sell mode and the trend will reverse on move above the 3072 level (future). As per swing trade it appears that nifty is on its way to 2951 and any breach of the same has all chances of nifty moving towards the 2727. The points being discussed in the swing trade are that of the future.
Current trend – Sell ( sell generated at 3108)
Reversal Value - 3072.
Bankex
As per two day swing trade currently it is in sell mode and the trend will reverse on move above the 3072 level (future). As per swing trade it appears that nifty is on its way to 2951 and any breach of the same has all chances of nifty moving towards the 2727. The points being discussed in the swing trade are that of the future.
Current trend – Sell ( sell generated at 3108)
Reversal Value - 3072.
Bankex
Current Price - 4185(future)
Current Trend – Sell (reversed to sell at 4165)
Reversal Value - 4203
It may be noted that nifty has moved above the 100 Day EMA yesterday and remained there today also and moved up from there indicating the bulls are gaining upper hand.
Current Trend – Sell (reversed to sell at 4165)
Reversal Value - 4203
It may be noted that nifty has moved above the 100 Day EMA yesterday and remained there today also and moved up from there indicating the bulls are gaining upper hand.
BEML has given a break out above 400 and is not placed at 424 it also moved above 100 day EMA today only with volumes indicating that we may be in for further upsides in the comming weeks. As per the technical break out nifty should move towards atleast 700 in the comming weeks as there is no other resistance levels in between so we have chances of 50% upsides from the current level.
M.Sri Mahidar
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