Important Support and Resistance Zone/Lines For Todays Intraday
Important Support and Resistance for todays Intraday
#PETRONET CASH (20 MAY 2018) LOOKS GOOD ABOVE 226.25 STOPLOSS 221 TGT 230-232/238-240 CMP 218.65
Sell below 958 with the stop loss of 966. Targets are 950, 944 and 936. Buy above 975 with the stop loss of 968. Targets are 985, 992 and 1000.
Sell below 620 with the stop loss of 626. Targets are 614, 608 and 602.
If 10 crosses 50 from below in 1 day - go long and 10 crosses 50 from above - go short
Ambuja Cements has fallen below March low. Am tracking this for an early long opportunity. Maybe next week. It had fairly decent results...
Nifty filled the gap between Feb 2-4 and seems to have formed something of a double top. Shorted with an SL above 10798 (futures price) STBT.
BUY MARUTI STOP LOSS OF 8700 TARGET 8910 AND 9150 TIME FRAME 7 TO 10 DAY'S
The level 10600 - 10620 is the trend deciding level for nifty as breaking it will make the price to move towards 10560, 10520 and 10480. Holding the level will make the price to move towards 10680, 10720 and 10740.
Price action is trending within the range 25500 - 25680 and consolidating. Breaking the range and 25680 will make the price to move towards 25820 and 25960. On the other hand, breaking 25500 will make the price to move towards 25360 and 25220.