Nifty is showing head and shoulder break down Target 21000 -21200 Stop loss 24500-24600 Pullback possible upto 23800-23900
Buy HDFC Bank CMP Rs.1532.10 Target Rs.1700 Stoploss Rs.1460 Duration 3-4 Months
CMP $85.25 First target $ 95 Duration 1-2 months Stoploss $75
Short USD / INR with stoploss of 82.75 Next 3-4 month bearish
From 11th July 2022 USDPKR moved from 203 to 240 ....Pakistan economy ...big problem in coming days
In March 2023, Nifty formed doji, after 3 consecutive monthly red candles. On a monthly basis, keep stoploss of 16800, first target 17821 (April end) second target 18200 (May end)
Buy at current rate for next 2-3 months keep sl of 37500 first target 44500
Breakout above resistance zone, need weekly close above 34281 ....
No signs of reversal, still 50% above pre-corona level.
Buy Infy - CMP 1256 (Holding period 2-3 months) SL 1185 First Target - 1411
Buy RIL - holding period 2-3 months First Target - 2547 SL - 2300
Bearish on gold for next 4-5 months Keep Stop loss of TADAWUL:2060
After 7 months of fall, gold is reversing. Go long.
In July, Nifty has shown strong reversal, this month it needs to close above 17800,then Nifty can move towards new high by Diwali. This month target 17700
US 10 year Bond yield - Long Term downtrend will end soon.
Long HDFC Bank with stop loss of 1535 1st Target 1605 2nd Target 1655 3rd Target 1690 Duration 20-25 Trading sessions
Unlike Dow, Nifty is still looking strong. 18 month of bull rally. Need to close below 17000 for reversal. Negatives - Falling INR, rising crude (petrol & diesel prices), rising gas prices. Waiting for next month close for more clarity.
17 month Bull rally in danger. Still early days, but once on monthly basis Dow closes below 33800, carry short Target 28500-29000 in next 2-3 months SL 35500