Skip to main content

Share market Malayalam - Nifty weekly chart analysis

Share market Malayalam Weekly analysis - Nifty Chart 13/01/2020


After breaking alltime high few weeks before, nifty is consolidating. Those who follow our share market malayalam youtube channel may have seen the nifty charts I shared below.

Last week, volatility due to geo political tension between USA and Iran caused nifty to break below that consolidation channel. As we discussed in our price action videos in our channel, once support is broken it becomes resistance. Nifty tried to come back to that channel on 7th January. But opened just below the resistance level and fell down. On 9th January nifty opened above the resistance level and moved up to enter the channel again.

Today it broken that channel upside. After breakout, it retested it an moving up again. If it succeeds to close above, It can touch next trend line resistance level easily. If it fails channel support level will act as immediate support. I have mentioned levels in charts given. I have updated these levels on friday itself in our youtube channel share market malayalam.





OPEN UPSTOX ACCOUNT

upstox

OPEN FYERS ACCOUNT


Fyers

Disclaimer: Author is not a sebi registered analyst. Views are shared based on market research and study and personal in nature. Others can take the different view and opinions. Please study thoroughly before enter or exit the trade.


Check out our share market malayalam youtube page for more.

Comments

Popular posts from this blog

Upstox Pro discount broker All you want to know

Upstox Pro Upstox is a leading discount broker in India and one of the fastest growing discount broker. Ratan Tata invested in this company a few years ago. Recently Tiger global invested 25 million in upstox. It is growing fast with cutting edge technology and low brokerage and gaining market share. Upstox added 1 lakh clients in December month 2020 only. They are providing some of the best trading platforms for traders and investors and making it better with frequent updates. Upstox pro is upstox web trading platform.
How to open demat account in upstox or upstox account opening process To trade in share market or commodity or currency market, you need a trading account. To buy and hold a share in share market you need a demat account also. You can easily open your trading and demat account with upstox by filling their account opening form. Link is given below. 
Upstox account opening process is completely online and you can open trading and demat account in a few minutes by going t…

Fyers Account opening to trading platform review

FYERS All you want to know Fyers is one of the youngest discount broker in India found by 3 brothers. FYERS word is acronym for Focus Your Energy and Reform Yourself.
Fyers is a Bangalore based company. Their aim is to provide best technology platforms to traders in India. I think they succeeded in it to a point. They have one of the best platforms for web, desktop and mobile. We will discuss about fyers trading platforms in detail later.
Here we discuss few things about this discount broker, ranging from account opening process, trading platform, brokerage and thematic investing.
Fyers account opening process Fyers account opening process is completely online. You can open trading and demat account online by filling online account opening form in this link : Fyers

Form filling is a simple process. You can refer this video to fill fyers account opening form.

OPEN FYERS ACCOUNT 




Documents needed for account openingPAN Card (Mandatory)ID Proof - Voter ID, Aadhar card.Address Proof - Passpo…

Commodity trading in India

COMMODITY TRADING IN INDIA WITH MALAYALAM VIDEO You can find commodity trading malayalam videos below this post from our youtube channel  Share Market Malayalam.  Commodity trading in India may not be as popular as stock market trading in India. Its gaining popularity in India now and a lot  people started trading in mcx commodities now. Here we discuss some basic things related to commodity trading and commodity market in India.  Forward contracts of commodities are traded in commodity exchanges. Future and options segment is highly leveraged trading intruments and a beginner should first learn and then only trade in commodities. A lot of beginners in trading gamble in commodities like crude oil and lose money. Some go for tips. But that is not a permanent solution. Learning to trade is always better than going behind tips for commodity trading. To be successful in trading, you need to learn technical analysis and develop other skills also which are needed for a trader to be successf…