aviation “Set your heart on doing good. Do it over and over again, and you will be filled with joy.” – Buddha
Nifty hourly is at the PRZ of a Bearish Harmonic Cypher. It also happens to be a resistance as per Ichimoku in hourly time frame. A retracement till 12100 could be probable from here provided it does not give an hourly close above 12250.
Please see the supply and demand zones in the chart Plan A: If it will sustain above 32100 then I may short 32000 put or buy Fut for the target of next supply zone. Plan B: If it will sustain below 32100-32000 zone then I will wait for the right level to trade. Plan C: I may avoid short
Please find demand and supply zones in the chart Plan A: If NF will sustain above 12200 then I may short 12100 or 12150 Put or may long Future for the target of next supply zones. Plan B: If NF will sustain below 12200 then I will wait for 12150 or 12100 level. If it will come to these levels and sustain above this then I will take long position. Plan C: Avoid Short
TCS: Fall ahead (Bigger Correction)?
1305.50 above Bullish HDFCBANK. Rising Channel ... Resistance number 1305. Important to close above it. Downside: 1108 if taking resistance at given point. Upside above close 1305.50: Targets: 1404.25 and 1501.50 at that time stop loss close base: 1225 Education Purpose Only
TCS Bullish above close 2300 Target: 2487.50, 2675 SL: 2140 close base. Education Purpose only
SBIN Buy above 340 Close. Target: 385, 425, 440+ SL: 308 Close base. Risk is yours and Reward is too yours.