Nifty Short Term View (22-Sept-2020)

 NIFTY ON 22-SEPT-2020 On the short term basis Trading at support Levels, Till Nifty Future Hold levels of 11090, One Can See some buying in the Market and Nifty Fut Can Head Towards 11250-11300 Levels. 

Once Nifty Future Closes below 11080 We may see sharp correction in the Index future, So As per the Technical Chart Structure Today low 11103 may act as make or break levels. Keep A close watch on the Index moves.

This Post is for Educational purpose, Kindly consult to your Financial adviser before taking any buy or sell decision.

GRASIM INDUSTRIES WEEKLY BREAKOUT

Grasim Industries on the weekly chart closed above Falling Channel Pattern resistance, Stock is likely to head towards higher levels in the next few trading sessions. One can initiate long position in Grasim with Stop loss of 650 on closing basis. We can Expect Targets of 850-900

This post is for educational purpose, consult to your financial adviser before taking any buy or sell decision.

Will SILVER Head towards Higher Levels from 50500 levels ??

SILVER MCX

SILVER MCX has seen Fresh Breakout above 49300, sharp up move has been seen in the SILVER MCX once it broke 49300 on the last Friday Trading session,

Now these levels around 49300-49500 will act as support for the SILVER, on the upside Resistance is seen around 51500 levels, Fresh up move will be seen only once SILVER MCX sustains above 51500 levels.

Strategy: Go Long in SILVER MCX Around Support Levels 49300- 49400 Levels on correction for the Targets of 51500- 53500 with the stoploss placed below 48300

SILVER COMEX

SILVER COMEX has support Zone of 17.55$ to 17.45$ As marked with the Zone in the Chart and on the Upside 18.50$ is the Resistance zone.

As the Trend is Up we may also see Silver Breaking the Upside Resistance of 18.50$ once Sustains and closes above 18.50$ we may see further upside in the SILVER COMEX