HDFC and Reliance are charting distinct paths compared to the broader Indian market, exerting a direct influence on the Nifty and Sensex indices. The recent drop of almost 10% from their all-time highs, coupled with the breach of key support levels, raises significant concerns for these indices.
The absence of immediate support levels suggests that the upcoming...
Nifty and Bank Nifty took big support at 19550 and 44200. Bank nifty exactly at support level and a small upward move will make Nifty to break the next resistance at 19800.
As the Nifty is on monthly expiry buying options at 19800 can give the 1x,2x returns.
After four trading sessions, the Bank Nifty found support at the 44,400 level and concluded the day on a positive note. For the Bank Nifty to sustain this momentum, it will be essential to overcome the resistance at the 45,000 level. Failing to breach this level could lead to a retest of support at 44,400. Given the prevailing weak global cues, there is a notable...
JINDAL PHOTO has formed a VCP pattern after a good impulse move, after a good time correction, I think it is ready to move again, also all holding companies such as #JSWHL, #PILANIINVS, #NSIL, #BFINVEST are showing good strength and are near their all time high pivot zone. Do look at these names.
Ideal Stoploss is 330.
*DISCLAIMER*
This analysis is only for...
