TITANTitan has continued to make higher highs and higher lows respecting the daily kijun support. It could move now towards 1225-50 (where it will test a weekly trend line) if it holds 1160.
Ichimokutrainig
Nifty/Small Cap Relative StrengthPost SEBI's circular on Multi Cap this chart warrants attention. The current reversal which has seen the Small Cap Bullish revival is now at a monthly as well as weekly support of a Spread Strength Comparison of Nifty / Small Cap. For further out performance of Small Cap Index over Nifty (Large CAP) this support has to broken decisively. Else it might once again go and test it's recent high.
Relative Strength Study
NIFTYNifty had reversed from a Price & Time axis equilibrium on August 31. It appears to have completed an Ichimoku wave yesterday very close to major support of 11150. Will consider this turnaround for now as a bounce for now till 11500 and above that 11650 provided it can take out 11415. Support comes in at 11250.
Ichimoku study is trend is based on time, price is just a consequence thereof
NESTLEIt appears bearish in mutli time frames
Weekly - Ichimoku C Clamp
Daily - Crown Pattern
Hourly - Rounding Pattern
It could retest 16000/15300. View negates above 16900
HDFC BANKThe sideways hourly corrective appears to have ended. It could rally now till 1070/1090/1150 as long as it does not breach 1020.
NIFTY & BANKNIFTYNifty:
Monthly range 11350-10725
Weekly support 11050 resistance 11350/11475/11750
Daily support 11000/10850 resistance 11300
Hourly Butterfly at 11025, if it fails to hold then 10900 likely.
Bank Nifty:
21000 crucial level for any attempt to bounce/reverse back for 22700 and above that rally till 23750-24000
SBIIt appears to have completed a pullback of the IHS breakout it gave last week. It could rally till 215 & 245 as long as it does not go below 180
CNX FINANCIALS & NIFTY PVT BANKSBoth CNX FINANCIALS & NIFTY PVT BANK indexes have made Bearish Harmonic AB=CD which also happens to be v close to their weekly & monthly Ichimoku resistance. Financials could retrace till 10500 while Pvt Banks could retrace till 11500. View would negate if they move and sustain above 11500 & 13100 respectively.
DR REDDYIn weekly time frame it will activate a Bearish Ichimoku C Clamp if it closes below 3900 tomorrow. In daily time frame it has entered inside a Kumo (suggesting increase in volatility) It could retest 3650/3350 where it has strong support. Resistance at 3925 and 4000
PVRIn hourly time frame it has given a breakout which suggests a probable retracement till 1110/1140 as long as it does not breach 1040
AXIS BANKIt is on the verge of a breakout above 440 in daily time frame which indicates further upside 1st till 465 and then till 520 as per weekly time frame. The view would be negated below 425
ULTRACEMCOIt appears to have completed its retracement after a breakout. Further upside till 4050/4200 could be probable if it can sustain above 3825
NESTLEIt has activated an Ichimoku bearish C Clamp in weekly time frame and has entered into the Kumo in daily time frame which is also in sync with weekly for its next downside level at 15000. The view would be negated above 17300
NIFTYIt appears to have completed its counter trend of a major counter trend. As long as it holds 9725 on closing basis it could now resume a trend for 10500/11250. Double confirmation would be a close above 9970
BAJAJ FINANCEIt has activated a Bullish C Clamp in Weekly time frame. While in the daily time frame after showing some consolidation inside the Kumo is now attempting to resume a short term rally provided it does not go once again below 2350. It faces resistance at 2800 and 3300
BIOCONIt had reversed from Bearish Harmonic Deep Crab at 400. Today it has activated a C Clamp. Both in daily time frame. It could retrace till 360 provided it does not go above 400
CIPLAIt has triggered a Bearish Ichimoku C Clamp in daily time frame which suggest a retracement till 615. In hourly its making a Bearish Diamond Pattern indicating 615/600 on break of 638. View would go wrong above 653
SBI LIFEIt has activated a Bullish C Clamp in hourly time frame suggesting the possibility of 725 for now provided it does not breach 699. In daily time frame it is attempting to take support inside the Kumo
SUN PHARMAIt has given a breakdown in hourly charts which suggest a retest of 440/425. View would negate if it moves above 466
Dow JonesDJIA has a bullish harmonic butterfly at 22450. This also tallies with Ichimoku monthly as well as daily support.
LARSEN TOUBROIt has activated a bullish harmonic gartley in hourly time and a bullish c clamp in 15mins tf. If it holds 790 it could retrace till 840-860
NIFTYIn 15mins tf its attempting to hold these levels. Above 9390 (15mins close) it could retest 9475/9550. Once that is activated a negation point would be 9350
EICHERIt has activated an Ichimoku C Clamp in higher time frame and hourly is indicating a possibility of a fresh breakout. It could retrace till 15500 provided it does not go below 13250
