INDEX: SENSEX Analysis January 2021

Analysis 04-Jan-2021

 CMP: 47623; Res: 48255; SUP: 39189

If sensex resisted by 48255, we an see some down move towards 46500/45730/44000 and reverse back to 48255 and more.

Upside targets: 49800, 50200, 51380, 53140, 55300.

 

GBP PAIRS 04-JAN-2021

GBPAUD

 

GBPCHF

 

GBPJPY

 

GBPNZD 

 

NZDUSD Analayis January 2021

CMP: 0.7197; Sup: 0.7001/0.6541

As per my analysis, we are in the last move of this up trend and nearing top.

Upside target zone 0.7200-0.7450.

As of now support lies at 0.7001. Base support is at 0.6541.

Soon NZDUSD can start correction and expecting it to move towards 0.6700-0.6300.

Break of 0.7001 initial confirmation of down move.

GBPUSD ANALYSIS January 2021

ANALYSIS 28-Jan-2021

UPDATE 2:

Below 1.3627, GU Bearish. Above 1.3758, can see more upside. 
Primary Scenario: Bearish.

UPDATE 1:

CMP: 1.3665; RES: 1.3758; SUP: 1.3607/1.34500/1.3187/1.3131.

Below 1.3607, I am bearish.

But if 1.3607 holds support, we can see one more high 1.3758/1.3793/1.3864 before big fall.

Sellers need a break of 1.3607.

My Primary scenario: Bearish.

ANALYSIS 27-Jan-2021

Upside target expected 1.3739/1.3775/1.3858/1.3955
Till now, high 1.3751
Is the upmove done?
Break of 1.3607, can see down fall.
Have given possible upside/downside moves in the chart.

ANALYSIS 26-Jan-2021

CMP: 1.3650; As long as 1.3681 resists, we can see 1.3613, 1.3587.

ANALYSIS 22-Jan-2021

CMP: 1.3661; RES: 1.3739/1.3751
SUP: 1.3619/1.3516
If the above levels resists, we can see 1.3646/1.3619/1.3590 n reverse back to 1.3739.
Upside extension would be 1.3775, 1.3858, 1.3955 (ULTIMATE TARGET).

Analysis 21-Jan-2021

GBPUSD breaking all the resistances, and keeps on moving up.

Possible upside targets: 1.3739 (done), 1.3775, 1.3858, 1.3955.

STRONG SUPPORT: 1.3619 for now.

Analysis 19-Jan-2021

CMP: 1.3602; RES: 1.3621; SUP: 1.3519;
If the above resistance hold, we can see 1.3591, 1.3577, 1.3566. 

 

Analysis 18-Jan-2021

Update 2:

Above 1.3551, we can see 1.3573, 1.3599, 1.3620.

 

Update 1:

Above 1.3589, we can see 1.3616, 1.3634, 1.3651-1.3665.

 

Analysis 15-Jan-2021

CMP 1.3681; RES: 1.3716

If GBPUSD resisted 1.3716, we can see 1.3474/1.3356.

Break of 1.3716, we can see 1.3739, 1.3858, 1.3934, 1.4023.

Analysis 13-Jan-2021

CMP: 1.3684; SUP: 1.3447; RES: 1.3705

As long as 1.3447 supports, we can see 1.3740-1.3800.

Break of 1.3447 confirms top and long sell will be in place.

 

Analysis 08-Jan-2021 

CMP: 1.3853; RES: 1.3613; SUP: 1.3531
If 1.3613 resists, we will see 1.3509, 1.3466, 1.3405, 1.3381.

 

Analysis 06-Jan-2021 

CMP: 1.3613
Res: 1.3647/1.3703
If these resistances hold, we can see 1.3583, 1.3547, 1.3485, 1.3455, 1.3383, 1.3359...

 

Analysis 05-Jan-2021

Sup: 1.3521/1.3427
Res: 1.3703
Down move was impulsive. Is Top in place? Need to watch.

 Analysis 02-Jan-2021

As long as 3.183/1.3426 holds support, we can see more higher levels targeting 1.3739-1.3858.

More bullish targets 1.4023-1.4250, 1.4749, 1.5239 in the long run.

Base support is at 1.2674.

Any break of 1.2810, confirms high is in place. Until then, buy on dips is the strategy.

As you can see in the chart, GU, is already trading at top / going to complete the up move for this wave.
Let us wait and watch, how this progresses.

EURGBP Analysis January 2021

ANALYSIS 29-Jan-2021

MULTI TIMEFRAME ANALYSIS of EURGBP

ANALYSIS 26-Jan-2021

CMP: 0.8885; RES: 0.9083/0.9228/0.9293
As long as the above resistances hold, we will see 0.8798-0.8786, 0.8716-0.8696, 0.8466, 0.8271.

ANALYSIS 22-Jan-2021

CMP 0.8879; SUP: 0.8829; RES: 0.9085

If EURGBP Supported by 0.8829, we can see some corrective rally towards 0.8956-0.8986.

NOTE: Long term still I am bearish as long as 0.9085 holds resistance.

Analysis 20-Jan-2021

EURGBP 0.9031 to 0.8855.

EURGBP is going as per the analysis.

Analysis 15-Jan-2021

CMP: 0.8878; RES: 0.9037

As long as 0.9037 resists, we can see 0.8874-0.8852.

Best Sell Entry: 0.8922-0.8950

Downside targets: 0.8874-0.8852, 0.8840-0.8821, 0.8808-0.8788

Analysis 13-Jan-2021

CMP: 0.8902; RES: 0.8991/0.9085; SUP: 0.8857

As long as the above resistances hold, we will see 0.8807, 0.8743. 

 

Analysis 11-Jan-2021

Latest view.

Analysis 06-Jan-2021

CMP: 0.9031; Res: 0.9228; Sup: 0.8931
Small Res: 0.9055. If this resistance holds, we can some down move towards 0.9001 and can take support of the trendline to reverse back to 0.9055, 0.9080, 0.9115, 0.9141

My Long Term view still bearish.
Sellers SL 0.9231
Best sell entry between 0.9141-0.9200.

Analysis 02-Jan-2021

CMP: 0.8937; Res: 0.9093/0.9229/0.9291; Sup: 0.8267

Based on the Weekly Chart,
EURGBP is trading in a bigger triangle as wave 4.
As per my view, as long as 0.9289/91 resists, we will see bigger fall towards 0.7949-0.7828.

Based on H4 chart, If EG resisted by 0.9093/0.9229/0.9291, we can expect 0.8798 first and further 0.8696. Immediate support is seen at 0.8855.

 

NIFTY Analyis January 2021

ANALYSIS 29-JAN-2021

Will 13750 hold support for corrective move atleast?

Upside targets: 14120-14193, 14310

ANALYSIS 28-Jan-2021

Update 2: REACHED 13744. reversal?

Break of 13893 needed for BULLS.

Update 1: 

Can we see some corrective pull back to the upside? Break of 14000 needed first for BULLS.

Bearish targets also given. 

ANALYSIS 27-Jan-2021

CMP: 14153; RES: 14761

If 14761 resists, we can see more fall twoards 13900, 13353, 12910, 12500.

Reversal 1st target 14761 and ultimate target for this up trend is 15450-15820.

ANALYSIS 25-Jan-2021

CMP: 14400; RES: 14555/14765
As long as the above res holds, we can see 14120-14010

ANALYSIS 22-Jan-2021

Below 14121, we can see 13697, 13309, 13017, 12481.
Above 14789, we can see 15492

ANALYSIS 16-Jan-2021

CMP: 14438; RES: 14663; SUP: 14355
As long as 14663 resists, we can see 13834, 13253, 12885, 12311, 11870, 11340.
Initial break of 13834 needed for Bears.

Note:

Analysis 02-Jan-2020

As long as Nifty supported by 13130, we can see 14257, 14936, 15474, 16512, 17276...
Are we going to make bigger correction before reaching the above targets?

Analysis 02-Jan-2020

CMP: 13967; Sup: 13150/10755/7307

Nifty has broken the RSI negative divergence in the weekly chart and growing. Can go to 88.6 before big fall.

Based on the weekly chart,
As long as Nifty supported by 13130, we can see 14257, 14936, 15474, 16512, 17276...

Based on H4 chart,
Support: 13150
If 13150 supports, we can see 14230-14403 first and further 14609-14898.

 

GBPCAD Analysis January 2021

Analysis 02-January-2020

CMP: 1.7397; Res: 1.7497; Sup: 1.6943

If you notice GBPCAD from the bigger picture, it is trading in range between 1.5690-1.8425 from 2017.
From March 2020 to till now, it is trading in a range between 1.6540-1.7801.
As per my view, this is in a triangle and expect a break for new lows.

As of now res is at 1.7497 and support is at 1.6943.

Primary Scenario: Bearish

As long as 1.7497, we can expect deep fall towards 1.7, 1.61.
STOP LOSS: 1.7497
TP1: 1.6943
TP2: 1.6158
TP3: 1.5691

Key Levels/targets: 1.6943, 1.6563, 1.6428, 1.6158, 1.5986, 1.5691.

Alternate Scenario: Bullish

If 1.7255/1.7047 supports and a break of 1.7497, we can see more upside towards 1.7616-1.7750, 1.7967-1.8050...