Mangalam returned splendidly returned from its support as can be seen in the chart. There could be an intermediate resistance but if it crosses 436 tomorrow on closing basis, 760 can be seen in intermediate term
Bulls need to defend this to stay in the game. High risk trade
Goa carbon hit LC today but is very near to 2/1 support at 460. May consolidate or hopefully will make a turn from the support in immediate term
Kanchi has gone below 1/1 support at 464 today, but it is likely that it will reverse the move immediately.
If Sadhana remains bearish, may find support at 950, from where consistent up move may take to 1700 and above.
Tanfac although bearish, may find support at 227, a very strong 1/1 support. If bullishness returns, intermediate target will be 350
3/1 support is at 298 which is likely to be held by West Coast. Target is 358 in medium term
Big breakdown here
Support is at 712, medium term target is 884
KSE has a support at 2319, In this run up we may see a high level of 2815 in short/ medium term
Jubilant Foodworks is holding on support at 1091. Target in this run up will be 1195
Graphite is tad below its 1/1 support line and expected to recoup the level in short term. In this case, the target will be 896 in short term. If it turns bearish the next support will be at 745
If bearishness continues, Nifty may test 10148 where the index will attempt to make a U turn.
NIFTY December options bought @ 10500/- Investment is 710/- per share. Lets see how it goes.
the structure of itc is kinda of range bound to negative , as the markets wee falling it tried to stay sideways , but once there will be some seeming positivity in the market this stock too will join the RED PARTY ,atleast a 4/5 5% FALL is easily visible .. if unable to cross the hurdles on the upper range
Great levels - bulls need to protect if they want to stay relevant