Never depend on single income. Make investment to create a second source.

– Warren Buffett

DAILY MARKET ANALYSIS

24 Apr 2019

Market Overview
Nifty has an immediate support of 11600!

Overall trend of Nifty is looking bullish on chart,if it further manages to trade above 11,540 we can expect further upside rally. While on upside Nifty has a resistance of 11720 & 11760.Nifty is trading above it's major moving averages with positive signal in RSI which is placed @ 70.46
Recommendation

Recommendation

It is advisable for the day traders to buy in Nifty if it trades around 11600-11580 for the upside target of 11660 & 11700 while downside Nifty has an immediate 11540 which will act as a good support level to watch for.
Commodity Report
BASE METAL PRICES DRIFTS AS U.S. ECONOMY WORRIES WEIGH

Base metal prices drifted in Asian trade as fears of a recession in the United States were offset by a supply disruption at a key copper mine in Peru.

TECHNICAL OVERVIEW

Zinc MCX March Fut is looking bullish on charts, it is trading above multi months high. If sustains above the level of 204.50 then it can test the levels of 206.50 and 208.00. On the down side if it sustains below the level of 200.00 then it can go further downside and can test the level of 198.50 & 197.00
InstrumentsSupport 1Support 2PivotResistance 1Resistance 2
Nifty1150011450115501158011650
BankNifty3010030000302003031030410
Gold3200031902321003220032289
Silver3820037900383003840038648
Crude41354100405041804228
Copper436.30432.10437.00439.15441.90
Nickel892880895902.00913.00
Equity Overview
Market Overview
Nifty has an immediate support of 11600!

Overall trend of Nifty is looking bullish on chart,if it further manages to trade above 11,540 we can expect further upside rally. While on upside Nifty has a resistance of 11720 & 11760.Nifty is trading above it's major moving averages with positive signal in RSI which is placed @ 70.46
Recommendation

Recommendation

It is advisable for the day traders to buy in Nifty if it trades around 11600-11580 for the upside target of 11660 & 11700 while downside Nifty has an immediate 11540 which will act as a good support level to watch for.
Commodity Report
Commodity Report
BASE METAL PRICES DRIFTS AS U.S. ECONOMY WORRIES WEIGH

Base metal prices drifted in Asian trade as fears of a recession in the United States were offset by a supply disruption at a key copper mine in Peru.

TECHNICAL OVERVIEW

Zinc MCX March Fut is looking bullish on charts, it is trading above multi months high. If sustains above the level of 204.50 then it can test the levels of 206.50 and 208.00. On the down side if it sustains below the level of 200.00 then it can go further downside and can test the level of 198.50 & 197.00
Support and Resistance
InstrumentsSupport 1Support 2PivotResistance 1Resistance 2
Nifty1150011450115501158011650
BankNifty3010030000302003031030410
Gold3200031902321003220032289
Silver3820037900383003840038648
Crude41354100405041804228
Copper436.30432.10437.00439.15441.90
Nickel892880895902.00913.00

Lion of the market

With an aim to grow client’s equity consistently, we introduce Investment Advisors providing Investment and Trading recommendations with all due diligence and best Technical Analysis Research. Our focus lies in managing the risk clients are exposed to and gain most out of the trading opportunities.

Our Mission

To create successful traders and Investors throughout the country with disciplined trading and risk management tools.

Our Vision

To grow client’s equity consistently and educate clients on benefits of risk management and basic rules of trading and investing.

OUR PROCESS

TESTIMONIALS

Get free demo