Telugu Trader Shyam

Good Morning Traders, PRE MARKET ANALYSIS by Shyam.. Date: 28 Dec 2021, SGX Nifty: +89 US MARKETS: POSITIVE EUROPE: POSITIVE          ASIAN MARKETS: MIXED   NIFTY & BANKNIFTY LEVELS FOR TODAY. Nifty 50 Resistance: 17117, 17168, 17218 Nifty50 Support: 16985, 16928, 16902 Bank Nifty Resistance: 35150, 35325, 35429 Bank Nifty Support: 34775, 34601, 34374 (Mark these levels on your Chart)   Our View: As Sgx Nifty indicates, Nifty 50 is likely to open Positive Note. All the world major markets are trading in Green to Mixed. What a U turn of the markets! Irrespective of Omicron tensions US & UK markets are rallying, obviously Indian markets will catch up the same direction. Still Bank Nifty is below 200 MA only and Nifty 50 under 100 MA, both will face resistance at these levels, still RSI below 50 only for both. Once it’s cleared we can see a good strength for a healthy up move. Nifty 50 holds 17150 – ...

  Good Morning Traders, PRE MARKET ANALYSIS by Shyam.. Date: 27 Dec 2021, SGX Nifty: +9 US MARKETS: POSITIVE EUROPE: MIXED ASIAN MARKETS: POSITIVE NIFTY & BANKNIFTY LEVELS FOR TODAY. Nifty 50 Resistance: 17068, 17117, 17168 Nifty50 Support: 16985, 16928, 16902, 16840 Bank Nifty Resistance: 35057, 35227, 35325 Bank Nifty Support: 34775, 34573, 34390 (Mark these levels on your Chart) Our View: As Sgx Nifty indicates, Nifty 50 is likely to open Flat Note. All the world major markets are trading in Green to Mixed. Crude Oil price falls after Covid 19 flight cancellations in many countries. We have only 4days in 2021, can expect major trend changes after Jan 01 only. Every raise is a selling opportunity till it clears the recent highs in Nifty50 & Bank nifty. RBL bank negative sentiment will effects on other banks too. For short term view: Till it breaks the major Upside i.e. 17700 – 18000 Level band, will continue our view as BEARISH only. Join our Pro Traders...

  Good Morning Traders, PRE MARKET ANALYSIS by Shyam.. Date: 24 Dec 2021, SGX Nifty: +12 US MARKETS: POSITIVE EUROPE: POSITIVE           ASIAN MARKETS: NEGATIVE   NIFTY & BANKNIFTY LEVELS FOR TODAY. Nifty 50 Resistance: 17123, 17168, 17217 Nifty50 Support: 17015, 16985, 16928 Bank Nifty Resistance: 35315, 35528, 35711 Bank Nifty Support: 35057, 34775, 34601 (Mark these levels on your Chart)   Our View: As Sgx Nifty indicates, Nifty 50 is likely to open on Positive Note. All the world major markets are trading in Green. With the ease of omicron Variant effects on the economic developments. Nifty 50 formed Doji candle hence need to wait 2 or 3 sessions for clear direction or entering into consolidation zone. As volumes are really low which is very difficult for F&O traders. Keeping in mind, don’t wait for bigger targets better to go along with trend and look for scalping opportunities until it ...

  Good Morning Traders, PRE MARKET ANALYSIS by Shyam.. Date: 22 Dec 2021, SGX Nifty: -57 US MARKETS: POSITIVE EUROPE: POSITIVE ASIAN MARKETS: POSITIVE NIFTY & BANKNIFTY LEVELS FOR TODAY. Nifty 50 Resistance: 16789, 16849, 16940 Nifty50 Support: 16721, 16676, 16606, 16566 Bank Nifty Resistance: 34775, 35057, 35315 Bank Nifty Support: 34386, 34108, 33887, 33716 (Mark these levels on your Chart) Our View: As Sgx Nifty indicates, Nifty 50 is likely to open on Positive Note. All the world major markets are trading in Green. What a turnaround in US markets and major markets are following the same. Still Omicron cases are surging around the world. Coming to our markets, if we see a gap up – sustainability is the question? Nifty 50 formed a doji candle and not able to break previous day low, which is good for bulls. If our markets also goes up, then 17200 is range can be tested in near time before deciding the direction. For intraday, if trading above 16950 – will go long or if ...

  Good Morning Traders, PRE MARKET ANALYSIS by Shyam.. Date: 21 Dec 2021, SGX Nifty: +76 US MARKETS: NEGATIVE EUROPE: NEGATIVE ASIAN MARKETS: POSITIVE NIFTY & BANKNIFTY LEVELS FOR TODAY. Nifty 50 Resistance: 16720, 16789, 16849 Nifty50 Support: 16606, 16566, 16486 Bank Nifty Resistance: 34775, 35057, 35315 Bank Nifty Support: 34108, 33887, 33716 (Mark these levels on your Chart) Our View: As Sgx Nifty indicates, Nifty 50 is likely to open on Positive Note. All the world major markets are trading in Red, as global cues are negative due to worries on Omicron variant. Nifty 50 is about to touch 200 DMA, if it breaks can see good fall in coming days. If it holding, expecting a consolidation phase for some time to decide the direction. As we discussed yesterday, Bank Nifty broken 200 DMA and we have seen the super fall, BNF have to hold the 200 DMA – if failed, we can see 32000 very soon. Will wait till 10am for clear trend to enter, if gap up is not sustaining then a sell o...

  Good Morning Traders, PRE MARKET ANALYSIS by Shyam.. Date: 20 Dec 2021, SGX Nifty: -110 US MARKETS: NEGATIVE EUROPE: NEGATIVE         ASIAN MARKETS: NEGATIVE   NIFTY & BANKNIFTY LEVELS FOR TODAY. Nifty 50 Resistance: 17068, 17102, 17165 Nifty50 Support: 16928, 16890, 16788 Bank Nifty Resistance: 35711, 35906, 36124 Bank Nifty Support: 35528, 35315, 35057 (Mark these levels on your Chart)   Our View: As Sgx Nifty indicates, Nifty 50 is likely to open on Negative Note. All the world major markets are trading in Red, as global cues are negative due to worries on Omicron variant and Federal’s decision. Overall the market structure looks weak, Nifty 50, Bank nifty both are below 100 SMA and next bigger support at 200 SMA. Bank nifty is about to break the 200MA also, if it breaks – new sellers will come and it will become weaker than Nifty 50. We are nearing to December ending, since it’s holiday or festive se...

  Good Morning Traders, PRE MARKET ANALYSIS by Shyam.. Date: 15 Dec 2021, SGX Nifty: -11 US MARKETS: NEGATIVE EUROPE: NEGATIVE         ASIAN MARKETS: NEGATIVE   NIFTY & BANKNIFTY LEVELS FOR TODAY. Nifty 50 Resistance: 17380, 17417, 17446 Nifty50 Support: 17305, 17275, 17217 Bank Nifty Resistance: 37045, 37120, 37244 Bank Nifty Support: 36781, 36645, 36560, 36489 (Mark these levels on your Chart)   Our View: As Sgx Nifty indicates, Nifty 50 is likely to open on flat to Negative Note. All the world major markets are trading in Red, as global cues are negative and again focusing on Omicron variant and Federal meet on next week. Overall the market structure looks weak, as we said yesterday, sell on rise will working at present scenario. For short term view: Till it breaks the major Upside i.e. 18065 – 18205 Level band, will continue our view as BEARISH only. Join our Pro Traders Club, USE Discount Code: TT...

  Good Morning Traders, PRE MARKET ANALYSIS by Shyam.. Date: 14 Dec 2021, SGX Nifty: -63 US MARKETS: NEGATIVE EUROPE: NEGATIVE ASIAN MARKETS: NEGATIVE NIFTY & BANKNIFTY LEVELS FOR TODAY. Nifty 50 Resistance: 17417, 17446, 17517 Nifty50 Support: 17340, 17305, 17275 Bank Nifty Resistance: 37120, 37200, 37360 Bank Nifty Support: 36827, 36781, 36 645, 36567 (Mark these levels on your Chart) Our View: As Sgx Nifty indicates, Nifty 50 is likely to open on Negative Note. All the world major markets are trading in Red. Yesterday morning given hopes to the bulls for upside but immediate sell off is heavy. As global cues are negative and again focusing on Omicron variant and Federal meet on next week. Expecting a volatile week ahead. As we said earlier Nifty 50 & bank nifty are not able to hold the 20 DMA, it will attract new buyers once it’s crossing this hurdle. Will follow sell on rise in the first hour, then will go as per data and strategy. For short term view: Till it...

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  PRE MARKET ANALYSIS by Shyam.. Date: 13 Dec 2021, SGX Nifty: +57 US MARKETS: POSITIVE EUROPE: MIXED ASIAN MARKETS: POSITIVE NIFTY & BANKNIFTY LEVELS FOR TODAY. Nifty 50 Resistance: 17547, 17564, 17611 Nifty50 Support: 17445, 17417, 17380, 17340 Bank Nifty Resistance: 37360, 37512, 37635 Bank Nifty Support: 36902, 36781, 36645 (Mark these levels on your Chart) Our View: As Sgx Nifty indicates, Nifty 50 is likely to open on flat to Positive Note. All the world major markets are trading in positive mode. Nifty50 made bullish candle and holding 20 DMA. This is 3rd day trying to breaking this level. Almost bank nifty also same 37500 is major resistance. If both are able to sustain above these levels, can see a good move on upside with the positive global cues. If not able to sustain stay lite and trade as per trend. For short term view: Till it breaks the major Upside i.e. 18065 – 18205 Level band, will continue our view as BEARISH only.