BAJFINANCE:
- STRONG RESISTANCE @5340, ALSO NEAR
LIFETIME HIGH.
- BREAKOUT ABOVE 5340 WITH GOOD VOLUME,
IF SUSTAIN, TAKE BUY TRADE.
-IF THERE IS SELLING FROM TOP AT RESISTANCE,
TAKE SELL TRADE.
-WATCH OUT FROM INDEX TREND.
HDFC :
-STRONG RESISTANCE @2765 NEAR TO LIFETIME HIGH.
- IF THE RESISTANCE IS BROKEN WITH GOOD VOLUME AND SUSTAIN ABOVE THE LEVEL. TAKE BUY TRADE.
- IF YOU SEE SELLING FROM TOP AND REGESTION AT RESISTANCE LEVEL, TAKE SELL TRADE.
SUN PHARMA:
RESISTANCE 600
- ABOVE THIS WE NEED TO TAKE BUY TRADE, TAKE THE TRADE ONLY ON CONFORMATION.
- IF IT CANT HOLD OR SUSTAIN 600 LEVELS WE CAN TAKE SELL TRADE BASED ON CONFORMATION
RELIANCE:
RESISTANCE 1915
- ABOVE THIS WE NEED TO TAKE BUY TRADE, TAKE THE TRADE ONLY ON CONFORMATION.
- IF IT CANT HOLD OR SUSTAIN 1915 LEVELS WE CAN TAKE SELL TRADE BASED ON CONFORMATION
Indian shares ended higher on Friday, led by bank stocks, after the central bank kept interest rates steady to counter stubbornly high inflation while unveiling steps to boost liquidity and lending in a pandemic-hit economy.
The broader NSE Nifty 50 index NIFTY rose 0.67% to 11,914.20 and the S&P BSE Sensex.BSESN gained 0.81% to 40,509.49. The indexes have added...
WE SAW NIFTY IS AROUND 11535:
-ON DAY CHART WE CAN SEE NIFTY IS TRYING TO BE ABOVE MOVING AVERAGE EMA (10,20,50,100,200)
-WE SAW NIFTY TOOK REJECTION AT 11585 . NIFTY NEED TO CROSS 11585 TO SHOOT TILL 11635-11665 AND FURTHER
-BELOW SUPPORT IS AT 11500-11385
RESISTANCE:11635-11680-11700
SUPPORT:11500-11385
TRADE CAREFULLY
