Its an mixed bag view for nifty for few weeks as of now, its creating head and shoulder pattern in daily chart, in weekly it has created a shooting star at the top! these are bearish signs. for this bearish view to get negated nifty needs to close above 22620 level.
along with this on short term it looks like nifty will touch 21350 odd levels in the coming week...
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first traget 856.05 for intrday to short
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second traget 854.35
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first traget 966.25
final traget 1003.20
stoploss 837.35
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STATE BANK OF INDIA (SBIN).
SBIN CLOSE THE WEEKLY RESISTANCE. AFTER LONG STRUGGLE.
NOW THE RESISTANCE SHOULD CONSIDER AS AN SUPPORT
BUT, HERE INSTITUTIONAL PLAYERS ARE POSSIBLE TO ENTER. SO, WAIT TO WEEKLY CANDLE CLOSE ABOVE THE WEEKLY SUPPLY ZONE.
THEN ENTER THE MARKET. THAT MUST BE SAFE AND WE MAKE A GOOD PROFIT.
