Nifty, Banknifty, Top Stocks analysis with levelsNifty50 and Banknifty saw a day with a gap down followed by a failed recovery. HDFC Bank was one of the key losers after its lacklustre earnings release.
Where do you think the stock market is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986 (don't want to pick tops)
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529, 36,455
AXISBANK
Nifty, Banknifty, Top Stocks Weekly Analysis#Nifty50 and #Banknifty saw a day with some bearish bias. Their down-moves were 2x their upmoves.
Where do you think the #stockmarket is heading?
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986 (don't want to pick tops)
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529, 36,455
Banknifty breakout ready? Nifty, Banknifty, top stocks analysisImportant Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty: 15,596, 15,660,15,733, 15,750, 15,835 15,986 (don't want to pick tops)
Levels for Banknifty: 34,130, 34,420, 34,640, 34,800, 35,011, 35,250, 35,340, 35,400, 35,529,
Channel and Wedge break in Axis BankNotes:
Might look at taking a long position if the candle manages to close above 755 intraday. Targets would be 760 and maybe 766 for Swing.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Flag consolidation in AxisBankNotes:
Yet another 1% consolidation scrip.
The top of the consolidation (766.5) also happens to be a significant level according to historical price patterns.
Could be one of the scrips that help BankNifty hit the target.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Ascending Triangle in TataSteelNotes:
Looking forward to a long position beyond the resistance range right above the pattern,
In case that fails, I might look at an alternative short position with the final target around 1.5% from the breakdown levels.
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.