Adani Wilmar is looking good on weekly time frame. Stock is consolidating and forming inside bar on daily time frame also. Keep on radar for breakout.
Nifty is not looking good for long at current levels. Seems call writers are getting activated slowly near current levels.
Hindustan Composite is trading near resistance level on monthly time frame. Keep on radar for breakout. Company will announce results by next week.
Upsurge Investment is looking good on weekly time frame. Stock is forming double bottom pattern. Recently company has announced good result. Market Cap of Company is 81 Cr. Keep on radar.
ADSL is looking good on daily time frame. Stock is consolidating & formed inside bar pattern. Keep on radar for breakout.
Bank Nifty is trading near support levels. Fresh shorts can be risky at current levels. Divergence can also be seen in shorter time frame.
Wep Solutions is looking good on monthly time frame. Stock is forming cup & handle pattern on monthly time frame with good volume accumulation. Keep on radar. Fundamentally also stock is looking good for rerate. Wipro is also holding around 5% in the Company.
Mayur Uniquoters is looking good on daily time frame. Stock is forming inverse head & shoulder. Today Company will announce its Q4 results also. Keep on radar.
Cochin Minerals is trading near breakout levels. Company fundamentals are also looking decent for rerating. Current market cap is only 242 Cr and TTM sales is 307 Cr with Net profit margin of approx 10%. Keep on radar.
Prerna Infrabuild is looking good on longer time frame. Today Company will announce its Q4 results also. Considering volume accumulation and promoters buying, can expect a new all time high soon. Keep on radar.
Bank Nifty is trading near support levels. Fresh short is not looking good at current price. Considering call option chart volume is looking good for upside. Keep on radar.
Still Nifty is looking very weak. Seems index will retest 21900-21950 levels. Keep on radar. Can expect sharp fall in closing session. Bears are in complete control today.
Bank Nifty is trading near support levels. Fresh shorts at current levels is not looking good. Wait for a pull back for initiating fresh position. 47400-47500 will act as strong support.
Bank Nifty is not able to sustain above first 15 minutes candles. Seems lower range of upward slopping channel is working as resistance now. Bank Nifty need to close above 47930 else bears may take control again. Keep on radar for closing.
Cochin Minerals is looking good on quarterly time frame. Stock is consolidating in a box near all time high zone since long. Keep on radar for breakout.
Mindteck India is moving ahead after retesting breakout. Company will announce Q4 results on 17th May. Keep on radar. Stock is looking in good momentum.
Bank Nifty is taking support from 47600-47700 zone. Can expect upside momentum in second half till market is above 47500. Shorts are not looking good at current levels. Seems bank nifty will attempt to retest 48000-48200.
Bank Nifty is looking good on daily time frame. Index is attempting to enter in the upward slopping channel again. Keep on radar for closing. Seems call writers has been trapped for this week expiry.