Analysis based on spot price.
532 has been tested twice in last one hour of trading & in the zone 530-533 as suggested above in main update, so we are in the trade - waiting for market to show the direction ahead.
Shall Trail the stops to cost as well @533+ Be very strict in risk management -if you are not getting good trade atleast don't lose anything.
Traveled above 533 - making new email@example.com
Safe Traders - Exit taking minimum loss of 1 -2 points whereas Risky Traders should sell with stops above 537
Safe Traders should join below 528 lows for lower targets
Book partial profits In Axis Bank as Bank Nifty is strong above 24900 levels - looking upside
Bank Nifty -Current price@24940
Last price@530 - Axis Bank
Last Price @24844- Bank Nifty
Sudden fall in Bank Nifty below 24900 levels forces axis bank also
Bank Nifty Last Price@24685
Axis Bank Last Price@529
What a fall below 24900 levels hardly given any time - Time was given to Axis Bank where it was doing distribution pattern - reaction was seen in Bank Nifty - Wow!
Bank Nifty Chart@14:02 Hrs
The fall of the day below 24900
Nifty last Price@10390
Did "Axis" set the tone for the markets - what a surprise fall for Nifty as well from 10478 to 10377- wow!
528 - Holding for Axis Bank it Jumps sharply to 534+ with Bank Nifty & Nifty back sharp bounce upside.
Axis Picture Holding 528 key level as mentioned.
Last Price@530 - Axis Bank
Cheers Risky Traders Selling at Top@534-535 - This is your day - Market Tanks again from bounce - What a roller coaster ride – Awesome
Sell at tops & book at bottom range till the time it goes in either direction later.
Bouncing again from lower levels of 528-529 - What a day to end.
Tata Motors Update
Box Movement in 350-355 zone - Buy Close to 350 - Strict Stops Below 350 lows for Target 357-359-361 or Buy Above 355 Highs
Axis Bank Last Price -524.50
Bouncing close from day firstname.lastname@example.org - Current low was 523.30 - Have suggested to book profits in 523-525 zone @10:40 Hrs - an hour back.
Looking for bounce upside along with Bank Nifty from lows below 24500 - Later we will check for selling once we get the bounce.
Tata Motors Update
Just dipped below 350 to take the stops - dipping below & bouncing above 350 levels is good enough to hold long positions - safe clue will be once it crosses 351.50 level. This happens to get rid of weak positions or push you out of the trade.
Have patience & look for upside bounce to 357-358 zone
Nifty Update Last Price@10350
Bank Nifty Last Price@24625
Nifty looks to join the Bank Nifty which was expected to bounce from below 24500 levels ( 125+ points at present)
Nifty moving & holding above 10350 - Nifty to bounce for 10450/10460 -10500 target next
Axis Bank Last Price@529-530 - Picked the Bounce from 523-525 zone - lows of the day
Tata Motors @352 - Got the bounce from 350 levels as expected
Bank Nifty @24700 - Got the Bounce from 24500 levels - 200 + points
Nifty @10380 - Got the Bounce from 10350 levels
Bye ------------Closing ---------------------Bye
Abhishek H. Singh, CMT
Growth Director - TradingView India
YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw