Stock market entering critical phase 21st and 22nd important turning...

-


- Chart Indication - Ashok Trivedi

The BSE index (close 67838.63 on 15-09-23) is bullish from the bottom of 64732.57. Currently the 12-day average is 66519.15 and the 48-day average is 65561.08 and the 200-day average is 62658.20. Daily and weekly MACD are bullish. Shows overbought positions on daily, weekly as well as monthly basis. 21st and 22nd are the turning days of gain. Above 67928 up to 67980, 68170, 68350, 68530 possible. 67440, 67250, 67150 below 67614 are considered support.

Balakrishna Industries (closing price Rs.2538.85 on 15-09-23) is in favor of correction from the bottom of 2302.60. Currently, the 12-day average is 2411.70, the 48-day average is 2384.76, and the 200-day average is 2247.99. The daily MACD is bullish. Weekly MACD is bearish. Shows neutral on daily and weekly basis as well as overbought position on monthly basis. 2544 above 2547, 2566, 2610, 2672, 2735 possible. 2423 below 2485 is considered support.

Central Bank (closing price Rs.47.10 on 15-09-23) is in favor of correction from the bottom of 22.25. Currently, 12-day is 39 and 48-day is 34.47 and 200-day is 29.13. Daily and weekly MACD are bullish. Shows overbought positions on daily, weekly as well as monthly basis. Possibility of 53, 60, 66 above 48 above. 39 below 44 is considered support.

Jubilant Food (closing price Rs.533.40 on 15-09-23) is bullish from the bottom of 470.50. Currently, the 12-day average is 521.10, the 48-day average is 500.72, and the 200-day average is 498.09. Daily and weekly MACD are bullish. Oversold on daily basis, overbought position on weekly as well as monthly basis. Above 539 above 546, 549 if possible up to 560. A low of 522 below 514 is considered panic support.

Punjab National Bank (closing price Rs.74.15 on 15-09-23) is in favor of correction from the bottom of 43.85. Currently, the 12-day average is 67.98, the 48-day average is 62.85, and the 200-day average is 53.74. Daily and weekly MACD are bullish. Shows overbought positions on daily, weekly as well as monthly basis. Above 75, 79, 83, 88, 92, 97 are important surfaces. 70 and 68 are considered support in the low.

UCO Bank (closing price Rs.40.40 on 15-09-23) is bullish from the bottom of 22.25. Currently, the 12-day average is 34.37, the 48-day average is 31.20, and the 200-day average is 26.61. Daily and weekly MACD are bullish. Shows overbought positions on daily, weekly as well as monthly basis. Possibility of 41 above 47, 53, 60 above. 33 below 36 is considered support.

Wipro (closing price Rs.441.05 on 15-09-23) is in favor of correction from the bottom of 406.45. Currently, the 12 day average is 429.03, the 48 day average is 414.64 and the 200 day average is 406.82. Daily and weekly MACD are bullish. Shows overbought positions on daily, weekly as well as monthly basis. Possibility of 447 above to 464 above. 427 below 435 is considered as support.

Bank Nifty Future (close 46255.30 on 15-09-23) is bullish from a low of 43785.05. Currently, the 12 day average is 45286.91 and the 48 day average is 44821.40 and the 200 day average is 43037.25. The daily MACD is bullish. Weekly MACD is bearish. Shows overbought positions on daily, weekly as well as monthly basis. If above 46376 goes up to 46500 then the possibility is up to 46670, 46840, 47010, 47180, 47350. Below 46150, 45990, 45820, 45650 are considered support.

Nifty future (close 20240.10 dated 15-09-23) is in favor of correction from the bottom of 19218. Currently 12 day average is 19839.12 and 48 day average is 19517.59 and 200 day average is 18626.30. Daily and weekly MACD are bullish. Shows overbought positions on daily, weekly as well as monthly basis. Above 20270 possible up to 20320, 20370, 20410, 20460, 20510, 20550. Below 20200, 20000 support is considered as low.

Sayonara

Don't forgive me with two hearts like that, I myself said that there should be a punishment. - Illness.

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