Bharti Airtel hit the final target successfully on Day 1 only New levels are BHARTIAR Resistances 762.85 – 778.45 – 803.65 Supports 712.45 – 696.85 – 671.65 Trend decider 737.85- 737.5
Axis Bank hit the first weekly resistance; SBI also hit the first resistance on Day 1 only.
As it was written on Friday when all global markets were drastically down, there is the possibility of new bull wave and it holds good like a rock. https://rkarora.wordpress.com/2021/02/13/weekly-trading-levels-for-february-15-19/#comment-6233
Nifty is up by 3.5% in last 3 days and Bank Nifty is up by almost 3%. Now question is what should a trader do at this point of time: book profit or hold for more profits. Booking profit is not a bad idea OR one can use trend decider of 15100-15200. All pure mathematics.
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Dow Jones (DJI) fall initially to 24300 and when breached the trend decider of 24495 zoomed to resistance 3 of 25186 in one single day today.
Nikkei NI225 made low 20584 which is our trend decider. Trend decider was provided on Sunday.If you have initiated buy on that point without a single stop loss price of Japanese Index NI225 zoomed to 21517 before it closed at 21271. Resistance 3 in matrix chart of support and resistance is 21322. Best performing index in the chart. Language of the universe is mathematics only.
Gold also slipped down to support 2 of 46319 when it dropped below its trend decider of 46880.
It was written January 31st is an important date / Today is the day and #Dow is down by 500 points in a single day. What it was written on Dec. 30th 2019. :-
December 30, 2019 at 5:09 am #BankNifty trend decider 32500 spot plus minus 80 points This year in 2020, #January 31, #June 18 and #November 9 are important dates Now for January 2020 Trend decider for Nifty spot is 12273
Now what in the month of #February 2020 Trend decider for #Nifty Spot is 12107 Supports are 11915 – 11797 – 11606 Resistances are 12297 – 12416 – 12608.
#BankNifty Spot Trend decider 31273 Supports are 30530 – 30070 – 29330 Resistances are 32011 – 32474 – 33217
Tomorrow is the budget – What to watch? – Stress on growth of real estate / infrastructure / agriculture / auto industry / rural economy / tax slabs / ddt / long term capital gains / 80c / rental income / housing loans / fiscal deficit / financial discipline / small scale industry tax holidays / start ups / disinvestment / funds raising from re-auctions of mines / leasing out highways / increase in import duties on many commodities to push make in India / assemble in India / above all ease of doing business / Incentives to small scale and medium size industries. Pushing tourism and education – world class universities and culture of welcoming foreigners. We have scope only needs to unearthed it. Only education, medical and tourism can fill the gap generated by real estate, auto or any other industry. This budget may touch all most all the segments. Finance Minister or PMO will not leave any stone unturned to push the economy. Now only efforts on the domestic front will not change the scenario. Global scenario has to be favorable to get the best out of domestic reforms and budgeting policies. Let’s see how things shape up in times to come.
On Dec 24 it was published “December 24, 2019 at 5:38 am
12331 is #squared number stop is 12385 / Dec 20th 2019.
Dec. 20th #Nifty spot made 12293.9; from that level Nifty dropped by 180 points to 12118; Nifty made high again on 30th December but high of Dec. 20 could not be breached. On #January 2nd Nifty made #high of 12289.9 but could not take the high of #December 20th 2019. Nifty is forming fountain pattern for last few days, finding direction for next move. Moreover till date squared number of 12331 is still intact.
For #BankNifty Dec. 23rd 2019 is important squared day
Price of #Bank Nifty closed highest on Dec. 23rd 2019 although made highest high on Dec. 30th but closed lower than the closing of Dec. 23rd and Bank Nifty corrected by 500 points from the high of Dec. 23rd. On 30th level given were 32500 as trend decider for Bank Nifty, which yield gain of 400-500 points.
#BankNifty trend decider 32500 spot plus minus 80 points
This year in 2020, #January 31, #June 18 and #November 9 are important dates
Now for January 2020 Trend decider for Nifty spot is 12273
Support levels are 12098 – 11921 – 11812 -11636
Resistance levels are 12364 – 12560 – 13022
Bank Nifty Trend decider is 32123
Supports 31305 – 30924 – 30306 – 28690 – 28350
Resistances 32538 – 32923 – 33540 – 35157
Disclaimer: All levels given are based on mathematical formula only. No advise or recommendation for buying or selling. All levels are for guidance or reference only.
All top leaders of the world are meeting in Osaka Japan on Coming Friday and Saturday. Japan is hosting G20 for the first time. Its 15th G20 meet. Leaders of #Argentina #Australia #Brazil #Canada #China #France #Germany #India #Indonesia #Japan #Mexico #Russia #Italy #SaudiArabia #SouthAfrica #SouthKorea #Turkey #UnitedKingdom #UnitedStates #EuropeanUnion will be participating in summit. Its golden opportunity for President Trump and President Xi Jinping to resolve tariff uncertainty this time. Both the leaders are there for G20 meet only. Its not matter of ego. who approached first. This meeting of 2 top leaders should bring in clarity. More tariffs or not. Why m writing this is for the reason Markets don’t like uncertainty. If amicable agreement can be fixed between 2 countries will be a good news for all world markets. Its more than a year or 2, all markets are breathing in uncertainty of tariff war. Expectations are very high this time. This time or no scope in future. #NiftyView Nifty is trading in a narrow range for last 2 months or so Monday onward till July 31st there is possibility of big move on one side or both sides.
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