In the new year, investors should be cautious in the stock market...

-

- Chart Indication Ashok Trivedi

- Reader friends, "Sal Mubarak" on 26-10-22, starting from Wednesday, I wish you all to choose benefit from body, mind and wealth.

The BSE index (close 59307.15 on 21-10-22) is bullish from a low of 56147.23. Currently, the 12-day average is 58336.68, the 48-day average is 58076.55, and the 200-day average is 56787.46. Daily and weekly MACD are bearish. Overbought on a daily basis, neutral on a weekly basis and overbought on a monthly basis. Up to 59951 UP 49830, 60115 possibility. Below 59132, 58970, 58695 are considered support.

Adani Enterprises (closing price Rs.3311.92 on 21-10-22) is bullish from a bottom of 3110.20. Currently 12 day average is 3300.43 and 48 day is 3232.05 as well as 200 day is 2514.31 Daily MACD is bearish. The weekly MACD is bullish. Overbought on daily basis, oversold on weekly basis and overbought position on monthly basis. 3350 above, 3365 above 3407, 3450, 3498, 3545, 3590 possible. 3245 support is considered as low.

Canara Bank (closing price Rs.268.55 on 21-10-22) is in favor of correction from the high of 207.50. Currently, the 12-day average is 238.02, the 48-day average is 232.09, and the 200-day average is 214.77. Daily and weekly MACD are bullish. Shows overbought position on daily basis, neutral on weekly basis, and overbought position on monthly basis. If above 271 Kudawa then 275, 281, 287 is possible. 250 below 259 is considered as support.

Bank of Baroda (closing price Rs.143.55 on 21-10-22) is in favor of correction from the bottom of 124. Currently, the 12-day average is 135.33, the 48-day average is 130.16, and the 200-day average is 111.79. Daily and weekly MACD are bullish. Shows overbought position on daily weekly as well as monthly basis. Possibility of 144 above to 157 above. 135 support is considered as low.

Adani Port (closing price Rs.801.65 on 21-10-22) is bullish from a bottom of 771.65. Currently, the 12-day average is 811.18, the 48-day average is 829.55, and the 200-day average is 777.16. Daily and weekly MACD are bearish. Shows overbought on daily basis, oversold on weekly basis and neutral position on monthly basis. Above 826 above 835 then 839, 854, 866, 884, 893, 905 are possible. 789 is considered support below 795.

Union Bank (closing price Rs.49.15 on 21-10-22) is bullish from the bottom of 41.90. Currently, the 12-day average is 44.86, the 48-day average is 43.13, and the 200-day average is 39.79. Daily and weekly MACD are bullish. Overbought on daily basis shows overbought to neutral on weekly basis and overbought position on asic basis. Above are 52 important surfaces. Above which further improvement is seen. 45 support is considered as low.

Reliance (closing price Rs.2471.60 on 21-10-22) is bullish from the bottom of 2311. Currently 12 day average is 2432.44 and 48 day average is 2474.27 and 200 day average is 2479.05. The daily MACD is bullish. Weekly MACD is bearish. Overbought on a daily basis, neutral on a weekly basis and oversold on a monthly basis shows the position. Above 2490 or 2528 above 2535, if possible up to 2558, 2580. Below 2438, 2445 is considered support.

Bank Nifty Future (close 40854.20 on 21-10-22) is bullish from a low of 37524.55. Currently, the 12-day average is 39677.28, the 48-day average is 39099.24, and the 200-day average is 37201.15. Daily and intra-weekly MACD are bullish. Overbought on daily basis, overbought to neutral position on weekly basis and overbought position on monthly basis. Above 41030 to 41320, 41590, 41855 possible. Below 40600, 40396, 40230, 39900 are considered as support.

Nifty futures (close 17574.90 on 21-10-22) is bullish from a bottom of 16764.25. Currently 12 day average is 17319.04 and 48 day average is 17294.68 and 200 day average is 16942.48. Daily and weekly MACD are bearish. Overbought on a daily basis, neutral on a weekly basis and overbought on a monthly basis. Above 17615 above 17666, if possible up to 17700, 17790, 17870. 17385 support is considered as low.

Sayonara

As much as the flowers are dyed, you will get a life that smells like a flower. - Khalil Dhantejvi.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more