IN PAST 3 WEEKS, NIFTY IS IN SMALL RANGE OF 400-450 POINTS.
CONSOLIDATION PHASE GOING ON
NIFTY IS TAKING GOOD SUPPORT NEAR 50 AND 100 DAYS MOVING AVERAGE
SO IN TWO WAYS TRADES CAN BE TAKEN
BUY NIFTY NEAR 10950 SL 10850 TARGET 111200-11240
SELL NIFTY NEAR 11300 SL 11400 TARGET 11000- 10950
WAY 2 (WAIT FOR BREAKOUT OUT )
BUY NIFTY F CLOSE ABOVE 11300 SL...
Currently FRETAIL IS IN RANGE BETWEEN 105- 118
Let it close above 120 then Buy with a Sl of 110 and target of 145.
good News also going to come,
Because there is talk with RELIANCE INDS to buy FRETIAL If it happens then we will see new highs in this stock
I think Idea is in making Cup and handle pattern in weekly chart shouldn't close below 7 and upside 10-14 big resistance.
If managed to close above 14 we can see levels of 20+ soon !
Close below 7 avoid !
FED BANK IS ONE OF THE BIGGEST GOLD LOAN LENDER IN BANKING SECTOR, WITH THE INCREASE IN PRICE OF THE GOLD THIS BANK GOING TO BE THE BIGGEST BENEFICIARY BUT IT STUCK IN RANG BOUND.
So, two things can be done here
1. Play the range bound Buy Near 50 levels and sell near 57 Level SL - 48
2. Wait for breakout or break Down close below 49 sell, buy close above 58.