Natural Gas on verge of Bullish Break Out
Copper facing resistance at VWAP
History suggest , retest of previous swing high has attarcted Buyers most of the time .
Nifty to face cluster of resistances in zone of 10807-10842
Above 10710 Nifty may give break out on upside.
Ambuja Long term Trend turning bearish .
50% Retracement ( 10759.15 ) of big bearish Engulfing weekly candle acting as resistance . Bearish Weekly Engulfing candle pattern will be invalid on weekly close above 10759.15.
Bajaj Auto Bounced from support zone of 2700-2740
Aurobindo Pharma : Breaking Down from important support level
Ultratech long term rising channel break down
Head & shoulder coinside with Trendline break down on hourly.
Next immediate support @ 50% fibo level of 10566 . Below 10566 Selling may intensify . Bulls need to defend level of 10566 for any possible bounce .
25400-25410 support zone . Weakness only below 25400
Stock bounced from shallow retracement of 38.2 % fibo and now in consolidation phase
Natco pharma : buyers active at support zone. Stock may lead rally in pharam sector