There is a probability of 5-0 pattern on Nifty hourly.. Hence if its unfolds, the recent pullback in NSE:NIFTY may extend to 9872- 9900 levels
Stock has taken support and bounced back. Closing basis 100 acts as support. May test 115-125.
BajajElec looking good on daily timeframe charts for long positions. SL Would be 294 On closing basis. May test 325-350 soon. CMP 306
Ashoka is looking good on daily time frame. May test 195-210 . SL 171 C B
Today market opened on strong bearish notes. It took some support in the zone specified in previous post >> Markets never touched the key resistance (10070) mention in above post. The weaker bulls could not sustain the up move, and after a small flag formation it broke down the channel support too and closed on bearish notes. Strategy for tomorrow...
Minor Correction has been see in Dmart , after it completed the ABCD Pattern( .50 - 2.00)- Refer markings Currently is near its support, let see whether its gonna break it to correct more or make it to see new highs.
Our long pending analysis and the most sought analysis is Gold. True, people are worried at uncertain times and economic scenario's around them, so they want to analyse whether Gold will be safe security for part of their investments. Before we go into analyzing the Xauusd, Be clear about the fact we are building a case with our analysis like Chakravuya...
economic condition and next quarter results are not looking great. its good level to short at 8230-8370. SL 8300 Target 7900
Nif ty trading locked in the trading range, range bound trading won't offer more, better wait for the breakout- veer te chnical analyst