Reliance in bearish mode. Once support of 2100 Reliance will hit its lower side TGT 1. 2000 and TGT 2 1800
Yellow channel represent performance of nifty of 2018 - GDP growth 6.1%. if in 2021 India's GDP grows more than 6.1% targets1 are for nifty for JAN 2022. if ahead of 2021 market grows at same rate below targets will be TGT2 and TGT3 TGT1 17900 TGT2 18900 TGT3 19900
NTPC BUY AT 102 SL 98 TGT1-108 TGT2-113 looking at the volume and delivery data NTPC will break from triangle on upside. NTPC BUY CMP 102 SL 98 TGT1-108 TGT2-113
Asian paint has strong resistance near 2200 and strong support near 2100 Current chart setup indicates one can sell stock if it comes near 2200. Thoughts
Nifty expected to Fall from current level. Support at 12500 (Derived from Monthly option chain) As per chart setup Nifty more likely going to break current wedge pattern on lower side. Thoughts!!!!
Nifty is approaching its resistance level of 12 march 2020. It is unlikely to break this resistance with current movement. Max pain in option chain has been seen around 8600. Expecting nifty to retrace to 8600-8700 level for 9th April expiry.