Scrip-based fluctuations will be seen amid potential weakness in the index


- Chart Indication - Ashok Trivedi

The BSE index (close 65794.73 on 17-11-23) is bullish from a low of 63092.98. Currently, the 12-day average is 65100.73, the 48-day average is 65242.93, and the 200-day average is 63587.23. The daily MACD is bullish. Weekly MACD is bearish. Overbought on daily basis, to neutral on weekly basis and overbought to neutral position on monthly basis. Above 66037 above 66359 then the possibility of 66570, 66880, 66910, 67250, 67590, 67927. Realizing weakness below 65373, 65000 below 65507. Caution will be observed on the rise. After that possibility up to 64580, 63550, 63092.

Bajaj Finserv (closing price Rs.1615.90 on 17-11-23) is bullish from the bottom of 1527.90. Currently 12 day average is 1589.10 and 48 day average is 1576.60 and 200 day average is 1520.96. Above 1628 above 1647, 1677 then possible up to 1685, 1725, 1765, 1804, 1842. 1567 below 1550 is panic support.

Biocon (closing price Rs.232.75 on 17-11-23) is bullish from a bottom of 217.50. Currently 12 day average is 228.94 and 48 day average is 241.36 and 200 day average is 2525.54. Above 235 above 242 and 253, then 280 is the resistance level. Above which 301, 320 is possible. 217.50 support is considered as low.

Indiabull Housing Finance (closing price Rs.192.05 on 17-11-23) is bullish from a bottom of 150.05. Currently 12 days Everpage is 186.50 and 48 days is 170.26 and 200 days is 148.64. Above 197 above 200, 206 if the level rises, the possibility of 227, 242, 255. 172 below 170 is considered as support.

RBL Bank (closing price Rs.234.80 on 17-11-23) is in favor of correction from the bottom of 209.70. Currently, the 12-day average is 241.08, the 48-day average is 234.48, and the 200-day average is 199.66. Above 257 above 260, 272 possible. Perceived weakness below 230 in lows. 230 down to 222, 210 possible.

Tech Mahendra (closing price Rs.1202.75 on 17-11-23) is bullish from the bottom of 1086.51. Currently 12 day average is 1152.09 and 48 day average is 1167.90 as well as 200 day average is 1172.02. Above 1215 may come to 1227, 1278, 1306 above 1330, 1375. Below 1175, 1160 is considered as support.

Walk Hard Pharma (Closing price Rs.326.45 on 17-11-23) pro-correction from bottom of 2132.5. Currently 12 day average is 262.74 and 48 day average is 243.68 and 200 day average is 229.66 above 337 above 351, 392 is possible. Below 310, 275 is considered support.

Bank Nifty Future (close 43688.25 on 17-11-23) is bullish from the bottom of 42067. Currently, the 12 day average is 43936.41 and the 48 day average is 44107.18 and the 200 day average is 43402.23. Above 44066, 44553 are important resistance levels. Above which possibility of 44585, 44660. Understanding weakness below 43650 in lows. 43650 below 43355, if the support of 42849 is broken, there is a possibility of up to 4067. It is not necessary to take a new levali.

Nifty future (close 19803.00 on 17-11-23) is bullish from a bottom of 18840.55. Currently 12 day average is 19530.95 and 48 day average is 19513.58 and 200 day average is 18944.28. On top of that, the possibility of up to 19950, 20060, 20170, 20270. 19695 below 19637, 19535 below sensing weakness. Selling will be seen on the rise.

Sayonara

That is why I am standing against time even today, the stakes may have been lost, the courage has not yet been lost. - Zero Palanpuri.

Comments

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

A new elan in the world of smuggling - Go Digital!

Detailed information about the descalant sulfamic acid