With rising global concern and economic slowdown in the Indian Economy. Nifty doesn't showing any sign of Bullish trend...
with continuous 6 days fall in the Nifty a Small short-covering occurs. Making it more cautious for coming days.
With Shorting at the levels of 11265-270, for the Target of 11020-11000 with SL range of 11410-11425.
After the massive rise on Friday, the Nifty has turned positive on all Indicators.
Nifty closed above 11200 which is a major trend reversal level, 11218 - 11190 range can be considered as a first confirmation of weakness (maybe leveraged longs can be squared off once this level is taken off, on the down side.
Based on Fib levels 11117 can be the considered as...
TATASTEEL has given a good fall in prices after the breakout. The fall in price is currently halted & is seen consolidating. It has potential of a pullback towards the cradle as its in oversold zone. A throwback upto 410-430 range cannot be ruled out. Thus, traders can buy in the range of 335-347 for short term trading with a protective stop loss below 275....
SEPT 2019: For the upcoming long festive season, I couldn't help but post a recommendation which would bring smiles to everyone's faces.
DBL (Dilip Buildcon Ltd)
Buy Range: 350 - 410
Sell Target: 700
Stop Loss: N/A
Timeframe: 6-8 months
Mint the money. When it is done, be sure to thank me! :)
HDFC chart analysis, HDFC interim support rests at 2000-2010 around that it must take retracement to statisfy the long trend line, a closing below 2108 can take it upto 2050 levels then further downwards and upcoming resistance is being observed at 2192 after which a closing and a follow up can give good move in HDFC. Support and resistance are still yet to be...
As told in our last post to look for 10800-10850 in coming 30 sessions, we already saw it on Friday when Nifty posted low of 10848.85
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Whatever we publish is for educational purpose. Taking decision to trade based on our view is solely at your discretion. We just publish material to make...
Harmonic Pattern seen in Sensex indicating a bearish bias. A minor support at 39570 is holding the index for now, below which 39500 is a very crucial demand area. If that level holds we can see further upside in coming days. However, if 39500 fails to hold there would be a sharp correction towards 39250 and 39000.
(Disclaimer: Our charts and contents are just...