Nsestocks
View On NSE:TITAN Titan Compan Limited After making a Gap Down opening of around 100 points the stock is trading sideways. Nearest support for TITAN is at 1130 which will break in upcomming sessions and then it may fall till the level of 1024 was act as good support for stock in recent past and had bounce back to the 1390 from same support in last month.
So the 1130 is the nearest breakout level for TITAN while 1024 will act as long term support level. in my view Titan likely to fall till the level of 1024 and then it may bounce back and show 1200-1400. Consider this only for cash segment.
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Bank of India _ PSU banking index set up move up? Momentum signaBANK OF INDIA: Banking stock specially PSU banks have kept up bank nifty. All PSU banks are strongly poised to move up. The prices have moved up from the daily TS, as of now the prices are inside the kumo, once a breakout is registered the Bank of India is expected to reach 83 levels, the next level of resistance. Till the prices are above 63 the analysis stands true.
Nifty has crossed below the Daily Support.Nifty might have a big fall in the coming days.
Since it crossed down the daily support it might fall till 10023, which will lead to one of the largest erosions in investor wealth. Sustained selling pressure is seen in the market. Resistances are gradually shifting lower.
If it closes below 10023 then the next target will be 9971.
This shorting trend will reverse only if Nifty crosses above 10960.
Trade with strict Stoploss and based on technical analyzing.
NIITTECH Long Setup [Intraday]NSE:NIITTECH Long at 1410.65 with SL at 1402.15 and TP 1427.65
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.
APOLLOTYRE Delivery Setup & Short Setup [Intraday] NSE:APOLLOTYRE On 1H time frame apollotyre has been forming a bullish price channel with possibility of price rebounding from the main trend line. There are two possible setups in the near future:
1) Delivery Setup: Price can rebound from 172.70 with SL at 170.80 and potential target at 185. RR: 6.15
2) Short Setup: Sell at 185.05 with SL 186.65 and TP 181.95. RR: 2
Note:
Consult your registered adviser before taking any decision.
Always risk 1% of account size per trade, adjust the position size accordingly.