NIFTY (SPOT VIEW)
Nifty looking weak on chart as formed hanging-man at resistance this indicate reversal in stock or index for swing trade. Resistance level will be treated as Stop loss and support as Target.
RJL looking good on chart after consolidation stock trying to make volume in morning session and some quick trade seen there and now stock trading in range safe can buy above 333 remains can take position at cmp.
SBIN looking weak on chart but there is big consolidation range (224-240) that can help to pull back in SBIN. This range is best for accumulation but if there is breakdown than you can see the level of 160 too so Stay away for now and try to buy only above 244 and avoid short now. Just short in stock below 224 then you can see the big lower target in that.
DLF stock looking weak on Daily chart weekly chart is awesome but in Daily chart its indicating 20-25% more downside possible in DLF. There is breakdown on stock and nearest resistance level at 222 and Target seen on chart 180-160. In next 2-3 months. SL will play important role in trade. If stock able to trade above 222 than you can see again bull move in it.
IOC stock looking for huge downside from current market price almost 30-40% as per there is huge consolation and now finally breakdown that indicate target of 144 and 102 on chart there is selling 180 to 200.