A SMALL SUPPORT FOR NIFTY IS AT 11418 WHICH TRIED TO PUSH THE INDEX TO UPWARD FOR 30 TO 40 POINT BUT STILL MAY PROVIDE THE INDEX AS SOME STRENGTH ALL THE LEVELS ARE ON CLOSING BASIS.
NIFTY SPOT VIEW
NIFTY 11418 ACTIVE AND WE MAY SEE THIS ACT AS AN IMPORTANT LEVEL BUT IT LOOKS LITTLE WEEK.
NIFTY 11325 TO 11300 COULD BE A MAJOR RESISTANCE FOR THE INDEX...
UPL is looking good for long though it has been very active for past 9 months. It had took good support @ 832 and reversed back. I am expecting its next level to 1090. If it breaks 870. Then, short till 840, 820. Stoploss for long will be 870. This trade is for middle and long term traders.
Research and analyse on your own before taking any Decision.
DMART (Weekly) | Bullish Gartley (in the making)
CMP: 1358.5 (Red dotted line)
PRZ: 1240 - 1260 (Black lines)
SL: 1225 (Red line)
T1: 1350 | T2: 1420 | T3: 1500
This is purely a positional view as it is in Weekly time frame!