Market might be busy creating trap for traders looks like heading towards 10300.
Nifty is trading below the first support line and moving towards the next one and if closes below might
moves for lower levels around 10300-250 else bounce back from here.
This is my personal view, Feel free to share your opinion in the comments section.
Stay Alert! Invest Wisely!
Axis bank might show some good movement, have to wait for the confirmation.
Enter trade when price gives breakout above or below white line.
Enter Long above 710 for upside of 734 & 750 with stop loss of 688
Enter Short below 689 for downside of 665 & 649 with stop loss of 711
*recommended for positional trade.
Enter Long in HCTECH as expecting to move high, considering breakout of trendline.
Enter long above 981 for upside levels of 995, 1020 & 1040
looks safe as far as 940-30 levels is not breached on closing basis.
*Recommended for Positional Trade.
Expecting downside breakout in CESC , Symmetrical triangle formed.
Short Below 680 with stop loss of 700
Target 1- 667
Target 2- 645
Target 3- 620+
Entering long in CESC if moves above 710 for target of 735 & 760+
*Recommended for positional trade!
Enter Long in BIOCON if crosses above 630 (Aggressive Trader)
Enter Long in BIOCON if moves above 636
Target 1 - 648
Target 2 - 660
Target 3 - 680+
Last Swing (Higher low) 610 acts as a Stop- loss
*RECOMMENDED FOR POSITIONAL TRADE
CONCOR looks weak below 665, if moves under 665 might test 630 levels
Also looks Strong if moves above 680 and holds then might test 700-710 levels
Enter Short in CONCOR below 665
T - 659, 652, 645 & 630