SGX Gap Up : Implications

We had a good expiry on the downside but closed at the supports. SgX shows a gap up of 75 points. The coming week is crucial for the move in Nifty as it is the best chance to break the highs. Any break above 18670 would be a confirmation of trend change.

Nifty. Support is placed at 18480 on closing basis and resistance at 18670

BankNifty. Support is placed at 43500 and resistance at 44300

Buy on dips for the day.

Click Here to Read the Rest of this Entry to Know Stocks Ready to Explode –

Will Nifty Claim Life time High?

Nifty Spot View: 02/06/2023

CMP: 18487.75

Moving AVG (EMA) 20 Hour & 40 Hour: 18536 & 18513

Moving AVG (EMA) 20 Day & 40 Day: 18317 & 18113

Support & Downside Range: 18464—18419-18359

Resistance & Upside Range: 18580—18610 zone—18663—18720

Short Term Trend Reversal Level: -- 18419--18359

Trading View: In today's trading session key support level to watch is 18419 & 18359 spot levels as long as this support zone holds bias remains bullish and we may head upside in coming trading session, here 18580—18610 spot acts as immediate intraday resistance break and sustain above it we may see upside momentum to get extend towards minimum 18663 to 18720 spot levels.

Click Here to Read the Rest of this Entry to Know Stocks Ready to Explode –

Will Finnifty scale New Highs?

FINNIFTY View For: 02/06/2023

CMP: 19322.70

Moving AVG (EMA) 20 Hour & 40 Hour: 19426 & 19426 

Moving AVG (EMA) 20 Day & 40 Day: 19319 & 19090

Support & Downside Range: 19297—19231--19118

Resistance & Upside Range:  19640—19800—20000---20200

Short Term Trend Reversal Level: --  

Trading View: No change in the Fin nifty levels same as yesterday in today's trading session crucial support levels to watch is 19297 to 19231 if this manage to hold then fin nifty gets some stability whereas break & close below 19231 selling pressure intraday gets intense.

Click Here to Read the Rest of this Entry to Know Stocks Ready to Explode –

BankNifty Ready to Move up again after Dip

Bank Nifty Spot View For: 02/06/2023

CMP: 43790.20

Moving AVG (EMA) 20 Hour & 40 Hour: 44052 & 44055 

Moving AVG (EMA) 20 Day & 40 Day: 43685 & 43056 

Support & Downside Range: 43640—43600 

Resistance & Upside Range: 44185--44270—44500

Short Term Trend Reversal Level: -- 43600--43390

Trading View: Bank Index has shown more weakness in yesterday's expiry trading session and came all the way down till crucial support of 43640 spot levels here in today's trading session key support to watch is 43640—43600 spot levels if this manage to hold and bank nifty manage to break and sustain above 44185—44270 spot then bank nifty still remains in bullish mode and up move can extend in coming days whereas intraday break below 43640-43600 selling pressure gets intense and if we get close below 43640-43600 then we have to assume that bank index has completed its first bull cycle which started from low of 38640 levels and in next couple of days it remain in profit booking mode.

Click Here to Read the Rest of this Entry to Know Stocks Ready to Explode –

Britannia Share Price : Buy or Sell Technical Analysis

Investors have paid higher prices over time to buy Britannia Industries Limited and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. 

Make money using our bank nifty tips on a daily basis.  

The price has also broken a resistance level and given a positive signal for the long-term trading range. The stock has marginally broken up through resistance at rupee 4630. An established break predicts a further rise. The stock is overall assessed as technically positive for the medium long term.

Click Here to Read the Rest of this Entry to Know Stocks Ready to Explode –

Maruti Share Price : Buy or Sell Technical Analysis

Maruti Suzuki India Limited is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. It also gave positive signal from the double bottom formation at the break up through the resistance at 8942. 

Make money using our bank nifty option tips on a daily basis.

Further rise to 9707 or more is signaled. The moving average indicator has given a positive signal. In isolation, this signals a continued rise, but the slowness of the indicator often means that one has lost much of the upside. The stock is testing resistance at rupee 9400. This could give a negative reaction, but an upward breakthrough of rupee 9400 means a positive signal. Volume has previously been high at price tops and low at price bottoms. This strengthens the stock and indicates increased chance of a break up. The stock is overall assessed as technically positive for the medium long term.

Click Here to Read the Rest of this Entry to Know Stocks Ready to Explode –