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RELIANCE

-The expiry ended with a bear engulfing candle and it did closed below the 200 EMA on DTF and a crucial support @2308 - It has already broken the Descending triangle with a good amount of vol.

But surprisingly, it didn’t closed low of 20 dec and now it is at a crucial zone which may act as a support On Downside, the key levels are:- S1=2202

S2=2153 CRITICAL

S3=2064 CRUCIAL⭐️ Imma going long only as if it @2459 “ HDFC BANK Volume Profile’s POC is at 1493 -It has reached to the crucial level of support @1407.45 but it has not closed below it.

-Trading below 50-200 EMA at DTF It has broken the Ascending triangle on downside The Key Resistance on upside is @1530-1552

The Key support on downside is @1407.45

S1=1407.45

S1= 1361-1343

R1= 1485.20

R2=1530 INFY -Volume profile is at 1710

-It is close to a key support zone - @1661-1678

-If it breaches this level on the downside then the next support @1591 and following would be at @1535

-The typical range has been @1787-1677

200 EMA Is at 1661 so it is a key level to watch out for

R1=1757 CRITICAL

R2=1787 CRUCIAL

S1=1661 CRITICAL

S2=1591

S3= 1535 TCS

It is now trading below both the 50 -200 EMA.

It has fell by nearly ~10.59% but later at the end it took support @3393 which is a crucial support (LEVEL)

The RSI has already into a Oversold zone.

If it breaches this Level then the key level to look out for on the downside would be @3123 S1=3247

S2=3123 CRITICAL

S3= 3039

WILL NOT BUY OTHER THAN THIS LEVEL

ICICI BANK

-It has closed below the 200 EMA after the rejection on upside.

-It has closed close to the crucial support zone.

-As if it closes below @698 then the next support would be @678(crucial) or 667

-And imma consider buying if it holds above the 667 and if it breaches the level on downside the following level will act as a support

S1=667

S2=621

S3=590 CRUCIAL

S4= 557 HDFC

-200 EMA Is there on the Weekly chart @2189

-Previous week rejected the fall on downside end close above the key support after touching the @2285. But this week not only closed below the Key support also it has failed to reach above the previous week’s high

@2189 willl be critical level to watch out for on the downside as if in car it is taken out then @2019

S1=2285

S2=2189⭐️

S3=2019

S4=1949⭐️

KOTAK BANK

On weekly chart it has formed the bearish pinball after a rejection from the 50 EMA and closed below the crucial level of @1825

As it is heading towards the key support @1700 (PSYCHOLOGICAL NUMBER)

If @1700 has been taken out on downside then the key level on the downside would be :-

S1-1700

S2-1625

S3-1548

LT

On the weekly chart the candle has closed above the key support

@1737 is a key level to watch out for on downside as the 200 EMA is there and a key support

It is in a value zone of 50-200 EMA.

S1=1737

S2=1651

S3=1593/1540⭐️ SBIN - Last week it took support @433 but closer lower then the @487

-But If I talk about the daily chart then we saw a rejection on the last day itself as it got rejected @487

-Now it is in a value zone of 50-200 EMA

-ON higher side the 496- 487 is the key zone to watch out for on the upside

@496 level is a key level to watch out for as the following thing will be surpassed ie. 50 EMA, key zone and the channel.

It did took support at the POC of the Volume profile.

As if it holds above the level@775 is the right time to go long on that.

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Weekly Watchlist

RELIANCE HDFC BANK INFY TCS ICICI BANK HDFC KOTAK BANK LT SBIN AXIS BANK BHARTI AIRTEL

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Is it the right time to invest?

Looking at some cues: - The Global market isn’t looking strong amidst the US and Ukraine tension is also rising.

- Neither I am predicting anything, nor I am trying to establish something. However, I still believe that the market has already run faster than ever due to the immense amount of liquidity in the market.

But it is time to either correct or to stay within a range

- Short correction can be expected!

@Nifty

It has been trading within a range of 17600-16700(or partially 16900)

-RSI around 50 shows neutral strength

-As the 200 EMA approaches the 16700 and so the nifty. It signifies that we could expect a halt in a trend as the Nifty will trace the 16700 and will try to bounce back again? Who knows!!!!

-And if it fails to sustain above 16700, then the next level to watch out for would be 16300 and so.

- But I have a rational belief that it may stay within a range as it has shattered only ~ 7.2% from its 52 week high.

-To continue the uptrend the Nifty has to close above 17600.

@BankNifty

-It looks like it has formed an ascending triangle. But we are not going to rely on it alone.

-On the upside, the major hurdle would be the zone of 38400-38800. As if it breaks out above this zone with great momentum and most importantly holds above it. Then, we can see more upside.

- Bank Nifty is already in a value zone ie. 50-200 EMA. And as the

200 EMA is approaching the 63500 level which is also a psychological number. It may bounce back from there itself.

-The most pivotal level(ZONE) would be 34000-34500.

I am not bearish looking at the cues of the Bank Nifty

#GLOBAL MARKET

@Nasdaq

-14100-14200 is a crucial level that has already been taken out.

50-200 Ema crossover also signaling the same.

Now the next level to watch out for is 13000, which is itself a psychological level as well then 12600

- Nasdaq has already corrected from its high, nearly close to ~17%

- To continue the rally on the upside, the Nasdaq has to go above 14200

@DOW

- It is already trading below its value zone and close to an interim support level or trajectory

- Level 3373 can be considered as a crucial level to watch out for on the downside. But we can hold our breath till 33240 as well.

It has fallen from its high by ~7.7 percent only.