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TECHNICAL ANALYSIS New Batch will start from 23rd Oct 2018. For more info call 9820526455.
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TECHNICAL ANALYSIS Course starts 23rd Oct 2018 at Sion. For more info call 9820526455.
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Borivali Technical Batch
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Daily analysis : INFORMATION REGARDING NEW BATCH

New Batch For :

 Technical Analysis starts 18th November 2018.

 

Derivative Analysis starts 25th November 2018.

 

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Weekly analysis : TESTING THE R-ZONE - 16/11/2018.

TESTING THE R-ZONE - 16/11/2018.

 

NEARING THE UPPER END OF TRADING RANGE.

 

The markets are in a Trading Range, moving in a copy-book style between lower boundary of Nifty 10000 to the upper boundary of Nifty 10700. After testing the lower boundary three weeks back, the Nifty is now testing the upper boundary. Interestingly we are poised with strong Resistances just above the upper end of the trading range viz. the Bearish Gap 10754-10843 along with the long term average of 200dma (10754). Hence even if Nifty moves above the trading Range, it will find difficulty in crossing over the Resistance zone defined by the Bearish Gap.

 

NEARING THE 50 WEEKSMA.

 

Three weeks back, Nifty took support at the 100 WeeksMA (10099) for two consecutive weeks and staged a Pull-Back Rally from there. Currently, we have reached near the 50 WeeksMA (10723) and it will be an interesting retest of this level. A close above 50 WeeksMA on a weekly closing basis will propel the rally towards the Nifty 11000 mark. Whereas a failure to close above the 50 WeeksMA will push the prices back lower, potentially towards the lower Support of 100 WeeksMA.

 

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