Mindtree is at resistance region. The price has already tested this region once. Everytime the price hits the resistance, the price has made a Higher Low. If the price moves above 3330, I would take a long position.
Nifty, similar to Banknifty was volatile on Friday, though there was a gapup, it closed lower. - Today, if there is a gapup above 17850 or gives a 5 minute candle close above 17850, then I would go long with half quantity. Since there is another resistance around 17900 levels. - If the price breaks 17800 levels, then I would short with a stop of 50 points and...
Since Friday had a big gapup, and sellers were activated to bring the price lower. Sellers might get activated today as well. For BN to be bullish, the price should hover around 40300 levels or above. - If the price goes lower than 40300, then sellers would get activated again. We could see them pulling the price down to 40000 levels. - If the price doesnt...
520-530 levels are pretty important for SunTV. It has been beaten multiple times at this level. I would be interested only if i see a close above this level. The target would be 555-560 levels.
BAJAJFINSV has been holding well at the 17382 levels. We can go long if it crosses 17422 levels.There is not much of resistance beyond that level until 18200.
PIDILITE has been performing quite well. It recently took the support at the 2800 levels and rebounded beautifully back to 2869. We can go long once the stock crosses 2875, with a stop loss of 6 and a target of 2900.
ICICIBank is the first bank to reach its ATH, since 900 is a round level, I expect the stock to hover around the 900 levels for a day or 2 before it goes further higher.
Banking sector is bullish now, at the current pace HDFCbank could make a quick move up towards 1520 levels. The stock has been hitting the resistance level of 1500 and have been holding quite well, in a matter of a day or 2 the stock should show a break out.
After the massive breakout yesterday, for the next couple of days, the market could move up to the next resistance levels. Once it hits the 41200-41300 levels, it could test the 40000 levels again. There is not much of resistance in between these 2 levels. The US inflation numbers are coming next week, the retest could match with that timeframe.
530.5 is an important level for Costco. This level coincides with 34 EMA. If the stock crosses this level, then we can go long with a target of 543. If the stock is not able to cross this level, then I would go short with target of 510
Banknifty is not looking as strong as Nifty. These are the 4 possible scenarios. 1. Gapup - there might be some volatility around 39700 range and then it might move up. 2. Gapdown - there might be some volatililty around the 39300 levels and then move down. 3. if the stock opens at the same levels and moves down, the price might halt at around 39300 levels and...
HDFC is consistently holding these levels, we can go long if it crosses 2450, the target would be around 2500 levels. The support level is strongly set at 2440. So, in all likelihood the stock should not go below that level.
Vedanta has broken the daily trend channel, if it starts trading below 257, then we could short the stock with a target of around 250 levels and a Risk to reward ratio of 1:2.
Nifty is a little confusing compared to Banknifty today. The weekly levels are also not giving any clear picture. We are looking at the following scenarios for Nifty today: 1. If Nifty crosses 17613 levels, then we can go for long. The is a small resistance at 17660 levels, but the price should be able to penetrate that level. 2. We can go short once we see a...
BankNifty has closed strong last week. Banknifty and Nifty look bullish in the weekly chart. Based on the current condition, we are looking at the following: 1. If a 15 minutes candle closes below 39000, we can go short. 39000 is an important level. FOr this level to break, the price needs to first break the trend line around 39300 levels 2. If a 5 minutes...
Banknifty closed suuuper bullish on 30th August. Which brings the following possibilities. 1. The market opens with a gapup, say 300-400 points higher. On which case, we could see some profit booking immediately and then there could be a consolidation. 2. Market opens between 39400-39550 levels, the market could build momentum and push higher to about 39900...
Since Tatasteel has reversed at the resistance level of 109, we can go long once the stock goes below 107, with a target around 92 levels and a stop loss at 115. Rist to reward ration of 1:3.
Meta has hit the levels 155-158 multiple times, it is more likely that the stock would tend to move lower to the next support. The next support area currently is at 149 levels.