venkatfx

venkatfx

Wipro is seen taking support at key area and several Buy calls for target of 650 to 700 in 1 yr looks good value buying now before its run up any time.

venkatfx

After huge fall due to RBI action created good value buying in a good bank which is not available in any other bank share right now. Bank has also taken steps and any time they might approach RBI and clear the very small issue they are facing now. may openly said kotak is having so many business and this RBI action really do not affect this bank and more over with...

venkatfx

Bank is seen taking steps to reduce its employee cost and in chart pattern is indicating bullish pattern and price taking support with big range indicating bigger move on upside any time based on accumulation

venkatfx

Axis Bank has taken some support and moving up now. more upside is possible. Many are saying Axis is undervalued or cheap after citi bank india merging with Axis. This is good value buying and bullish now.

venkatfx

ICICI has done very good re test and consolidation and moving up strong with good value buying and indicating good bullish trend and 1170 could be easy in few days.

venkatfx

S&P making new ATH and well above the previous tops now were will this rally stop or take correction? 5530 to 5600 could be the possible area for bulls to book profit

venkatfx

TCS is clearly taking support at key levels and clearly showing bullish and extremely pattern in chart. TCS could easily go higher once positive mood resumes.

venkatfx

with strong numbers from ICICI, SBI and few other banks price must have given break out of channel on upside but its all due to RBI actions with Kotak and Draft policy etc created sell off... It looks like well-planned sell off with all big players selling. HDFC is at strong support. people who know whats going to happen next 3 months will keep selling or start...

venkatfx

Nifty is holding on to triple bottom support indicating a strong support. actually price should not have come to this support level rather it must have been to 23K But it has fallen due to RBI Draft guideline fears, RBI action on Kotak, rumors about election results along with sell off by FII for un known reasons .... no FII has spoke about selling and leaving...

venkatfx

RBI has restricted retail people from trading in usdinr. for long time RBI has restricted usdinr in the range of 82,75 to 83.30 for more than a year Now this level is broken and usdinr is seen trading above 83.30 easily for long duration in spot. This is positive for IT companies like Infy and TCS. May be because of this Infy seen taking good support for several...

venkatfx

HDFC Bank is at the tail end of D wave completion and could take support any time. And price is also at near next line breakout after inverted head and shoulder pattern. I do not see much downside further unless any major reason for more sell off. At key levels big players made vice decision to buy back or buy reliance at key support levels. so similar support and...

venkatfx

Reliance is showing signs of support at important levels. hope it holds and rise further.... But FII selling qty will decide i think....

venkatfx

BN level is similar to that of Nifty and as I poid out earlier it will depend on how much FII sell or buy compared to DIIs

venkatfx

Profit Booking or Sell off by FII has pulled the Nifty down, RBI draft policy added fuel to the sell off in banking + domestic big players called for Sell in Nifty. Any more Selling from FII larger than DII will not see any chart levels and price could fall only. In case FII pause their selling on 8th then good chance for quick spike in Nifty back to ATH - 22750...

venkatfx

HUL gas given very strong breakout on upside. either one may buy little now and buy more after re test. HUL turned Bullish now.

venkatfx

Like TCS, we can see breakout on upside in Tech Mahindra chart now. so looking Bullish now

venkatfx

TCS is the best IT company so given upside breakout. Looks bullish now

venkatfx

As on 6th May EOD closing chart, BN is holding on to support area. BN is strong with positive news from ICICI, Kotak, Axis and average results from HDFC. Just a draft proposal from RBI on its new policy had to see some sell off from SBI which was very bullish. Trade on 7th may to be based on opening and breaking of S1 or R1 etc