nifty consolidating next target would be 16770 read description
nifty has been consolidating from a long time now it sould break either up side or down side
if brokes down side 15300 is good support
S2 at 15000 and
S3 at 14800 very strong
i am expecting 16700, upcoming corporate results might be the trigger expecting banks to post excellent results especially icici bank so can expect bank nifty to touch 37400
we can see by the upcoming results this month ,based on that the direction would be clear
or simply wait for nifty to close above 16000 next would be 16800
so based on 16700 there are some stocks which might give excellent returns can see them in my other ideas keep invested based on assuming nifty to touch 16700
///caution it companies have rallied good so when they post good results some might correct due to profit booking but in those it some are at low like hcl tech, zensar tech, accelay solutions may prefer these ,
and banks may not correct even if they post bad results as they are already at precovid level and did not rally much
and one can prefer hawkins and ttk prestiage by results time along with icici bank
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
if brokes down side 15300 is good support
S2 at 15000 and
S3 at 14800 very strong
i am expecting 16700, upcoming corporate results might be the trigger expecting banks to post excellent results especially icici bank so can expect bank nifty to touch 37400
we can see by the upcoming results this month ,based on that the direction would be clear
or simply wait for nifty to close above 16000 next would be 16800
so based on 16700 there are some stocks which might give excellent returns can see them in my other ideas keep invested based on assuming nifty to touch 16700
///caution it companies have rallied good so when they post good results some might correct due to profit booking but in those it some are at low like hcl tech, zensar tech, accelay solutions may prefer these ,
and banks may not correct even if they post bad results as they are already at precovid level and did not rally much
and one can prefer hawkins and ttk prestiage by results time along with icici bank
disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
Comment:
end off idea that is not -ve break out nifty became range bound refer new idea posted recently
Comment:
closed always refer most recent nifty idea