NIFTY seems to be following in Channel as shown in Chart, Similarly if you see on RSI similar to trading range there is expanding triangle and recent fall was with higher velocity which brought RSI to over sold zone. So I believe there will be this final up trend rally in NIFTY before we can witness a healthy correction. This Rally should also be as swift as the...
Excellent bottom fishing opportunity in Coal India Ltd. Its trading near IPO Rate( Rs 0.29% .245). This zone is major support point( Analyze coal India's behavior during Aug 2013 0.25% to Feb 2014). Nearly 2cr quantity traded on major reversal day(17 Aug 2017) which was highest since Feb 2015. All in all excellent risk reward zone to initiate the trade.
Last Time, we had discussed above PVR when it was 1300 levels for target 1400 & 1450 and 1500. However it went upto 1445 and missed second target by just 5rs. Now, the chart looks great again and may reach 1400 & 1450 levels. Support 1250 CB.
Nifty Hourly Chart forming lower lows which shows a bearish trend. Any Close above the support with good volumes needed for the continuation of uptrend.
I am still bullish on the market even the small correction happens. One should use this opportunity to get their positions at less and discounted price.
This is just for Educational Purpose.
