Register for MT4 Demo Account

Register for xStation Account

Trading Idea on INDIA50

By Research Team Sunday, Sep 11, 2022
INDIA50

    • 12.15pmD1
    • High17938
    • Low17783
    • Close17862

A sharp rally can be noticed in SGX Nifty since last month amid strong global as well global cues. Earlier, the aggressive global banks efforts to tame down inflationary pressure by raising interest rates made the equities very volatile. However, the increased interest rates resulted into controlling the inflation which widely settled down the negative sentiments amongst the traders & investors. Besides this, the falling Oil prices amid lowering output & supplies levels created optimism in equity markets; for they are inversely correlated. On regional front, the growing efforts to control inflation & improving banking sector further pushed up the INDIA50. The progressive industrial & key economic figures increase the buying pressure in the index. Upcoming event of FOMC meeting in the month of September will be closely focused. Technically, the INDIA50 is strongly trading above the long term Moving Averages of period 100 & 200; also, above the short term Moving Averages of period 10 & 20. This widely indicates an upward momentum in the index. The index is trading near the major resistance of cluster highs which indicates the chances of strong breakout if breached & 18100-18250 levels can be seen. On other side, if sustained it may reversed down till 17400-17250 levels on short to medium term basis. Buying on corrective dips may be considered as a good opportunity in INDIA50.

Read More… Read Less

Weekly Outlook

INDIA50

Intra Day
Near Day

Technical Levels

R3 18709
R2 18231
R1 18047
Turnaround 17753
S1 17569
S2 17275
S3 16797
footer-logo

XFlow Markets provides an entirely transparent access to the FOREX Market through two powerful trading platforms (XFLOW & MT4) with excellent execution speed, a 24/5 client support system with no dealing desk involvement.

© 2022 XFlow Markets LLC, All rights reserved.

Risk Warning: Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.

You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.

XFlow Markets does not offer Contracts for Difference to residents of certain jurisdictions including the Belgium, Iran, Canada, North Korea, the USA, Cuba, Syria and FATF Black Listed Countries.

XFlow Markets is incorporated in Saint Vincent and the Grenadines with registration no. 255 LLC governed by the Limited Liability Companies Act Chapter 151, registered by the Financial Service Authority of Saint Vincent and the Grenadines.

XFlow Markets is not required to hold any financial services license or authorization in Saint Vincent and the Grenadines to offer its products and services.

Telephone number: +44 20 3835 5241 Working hours: 7:00 AM - 5:00 PM (GMT+0)