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EUR USD STATUS

    • The index is showing a sign of fatigue after forming a bearish belt hold candlestick pattern on the daily chart, according to Jayesh Bhanus...
    • The zone of 15,750-16,220 is where Nifty should be completing its final leg. Thereafter, it should undergo time or price correction.
    • We expect Nifty to gradually trend higher and hit fresh lifetime highs during the coming days.
    • Since the beginning of May series, FIIs activity has turned bearish in the derivative segment.
    • The direction of the price as per Elliot wave theory should be on the lower side and towards 13,000 sub level.
    • As per harmonic pattern, Nifty looks poised for the upside target of 15,000 until 14,200 is protected.
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    • Nifty has to cross and hold above 14400 zones to witness a bounce towards 14600 and 14700 zones while on the downside, support exists at 14...
    • On the option front, 15,000 levels continue to remain as the biggest resistance for March contract expiry.
    • On the candlestick pattern, a Harami pattern on daily chart is signalling an indecision and requires confirmation above Monday high or belo...
    • We recommend to remain on the sidelines till the time indices close above 20 DMA. As per Elliot wave, indices remained in the corrective ph...
    • The Bank Nifty still has room to go higher towards 33,500. Thus, we recommend to trade bank nifty on the long side rather than the Nifty.
    • The Nifty bull run continued as the dollar index continued to soften. Nifty as per wave equality has its target at 14,750.
    • In case the price fails to resume uptrend above 13,600 and moves below 13,400, it will indicate the start of a corrective wave towards 13,1...
    • One needs to be cautious as long-legged candles are usually indecisive and can bring in short-term reversal.
    • Overall price and data setup suggests bounce may be seen but multiple hurdle and supply pressure at higher zones could restrict its upside ...
    • FIIs net position on index futures stand at 55,000 long contracts. Also, in cash market FIIs have been net buyers of stocks to the tune of ...
    • Investors sent a warning shot to eurozone leaders that they are not out of the woods yet when they shunned the European Financial Stability...
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