Sublime Advisory

http://www.punjabkesari.in/business/news/gst-the-government-has-given-great-relief-taxes-on-these-things-656975

GST: सरकार ने दी बड़ी राहत, इन चीजों पर घटे टैक्स

Sublime's Technical View On Market For tomorrow(07/08/2017)

Nifty opened with a gap down of about 5 points and made an intraday low of 9988 but bounced back from 50 DEMA and closed at 10066 supported by banking sector.

Top Gainers Top Losers

IOC Tata power
BPCL Sun Pharma
TATA STEEL DR Reddy

Relative Data as following:

RSI= 67.03(1D chart) with bullish engulfing pattern formation.
RSI= 57.44(1 H Chart) with an uptrend close.

Today's Nifty Closing Price: 10066.40
support level =10012
Resistance level =10106
Today's FII/DII Activities:

Note -

ON daily chart nifty formed bullish engulfing kind of pattern which is positive sign for monday market.nifty is out of overbought zone in daily chart so there is nothing in the chart which shows downside movement for the market and if see in hourly chart nifty closed with an uptrend and leaves positive sign for the next day.at opening time nifty traded in red zone but banking sector shows supports the market after an approval a bill from government regarding NPA which makes RBI more strong against NPA.

so for the next day nifty and banknifty both seems to trade in green zone according to technicals and fundamentals also.

Sublime's Technical View On Market For tomorrow(22/06/2017)

Nifty is gaped up about 22 points and selling pressure can be seen from opening session because of RBI monetary policy rate cut announcement at 2:30 pm .

Relative Data as following:

RSI= 72.74(1D chart) with a bearish candle formation.
RSI= 46.74(1 H Chart) with a long bearish candle at closing time.

Today's Nifty Closing Price: 10081
support level =10036(50 DEMA)
Resistance level =10207

Note -

On daily chart nifty formed a bearish candle but closed above 50 DEMA placed at 10036 so downtrend is not confirmed yet.market remain consolidate during the middle session because investors are cautious about RBI policy. RBI announced a rate cut of 25 bps which is expected so market does not react very much on this.for the next day market seems remain consolidation with losing upside momentum as on hourly charts nifty formed two doji king of pattern on closing which shows indecision in the market. so for safe trading in this kind of market be stock specific and choose stocks with low beta value .

What Does the Gold to Crude Oil Ratio Mean?

What this ratio infers is that when the current ratio is below 15.4, gold is either too cheap, or oil is too expensive. When the ratio is greater than 15.4, oil is either too cheap, or gold is too expensive.

How to Use the Gold to Oil Ratio?

Notice how every time Gold / Oil Ratio find a new top, Crude Oil usually changes the trend from positive to negative.

On the other hand, every time Gold/Oil ratio finds a new bottom, Crude Oil usually changes the trend from negative to positive.

Predicting Crisis

The Gold/Oil Ratio also has proved that it can predict the economic and financial crisis. How? By looking at the chart below, whenever the ratio posts a new record high, it was followed by a notable event which is still remembered throughout the history.

Sublime's Technical View On Market For tomorrow(25/07/2017)

Nifty future is already reached magical figure of 10k in august series and made an intraday high of 9982 today in july expiry led by really in adani power,HCC and JP associat.

Relative Data as following:

RSI= 70.90(1D chart) seems overbought with a bullish candle formation.
RSI= 64.23(1 H Chart) with consolidation pattern.

Today's Nifty Closing Price: 9963
support level =9950
Resistance level =10000

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