It Looks like Nifty will continue its downtrend as it is clearly seen on weekly charts. Recent Rally was only a pullback and Nifty may continue its downtrend in this month also.
Sell Nifty if breaks and sustains below 7490 Targets would be T1- 6818 & T2- 5948. Stoploss would be 7888.
This view is only for Educational purpose. Ask your financial adviser before...
INFY formed an inside candle on weekly chart after a big green candle formed in earlier week. if it closes below 524 levels on weekly basis, it can fall upto 430 lelves, which can act as a long term support. as NIFTY also in bearish mode, this target can be easyly achievable.
Is DJI started its downtrend journey? I think it's too early to say this because right now DJI is trading in the consolidation zone.
On the upside major resistance @ 22350-23350 and the downside major support @ 15800-16100. Between these two major resistance and support zone, there is also a consolidation zone @ 17000-22500.
I am not accepting V shape recovery in...
SHREE CEMENT has more likely formed a top for a long time to come
clear negativ divergence and any break below the channel at the top which looks like distrubution is going to correct bigg.
