DecodingChartsEQ

DecodingChartsEQ

Bank Nifty Bank Nifty has a support around 47920 to 48220, it bank nifty hold this support can reach up to 48980 to 49220 which is also a resistance level. Below 47920 it can reach targets of 47020 Above 49220 can reach the targets of 49950

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Balkrishna Inds Balkrishna Ind. can be bought above the levels of 2481 with a stop loss of 2380 and a target of 2716 and 2770. this stock is at its resistance of 2480 to 2500 if it crosses and sustains it will see targets of 2640 and 2700 A stoploss can be placed under 2380

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Nifty 50 Nifty has a Resistance zone of 22430 to 22520. Above these levels of 22520 it can test levels of 22630 and 22780. Nifty has a support of 22220 to 22280, failing to sustain these levels it can further falls to levels of 21980 to 21920

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Bank Nifty Showing support around 48650 levels, if in few trading sessions if it comes back to 48650 and sustain this level, we will see an up move up to 49200 and 49500. If it breaks its support of 48650 levels than we can see levels of 48300 and 48100. If Bank nifty starts trading above 49200 or gaps up 49200 than we can see levels of 49500 and further target of49900

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Nifty Nifty has been trading between 22350 and 22550 levels for past trading sessions. Nifty has a support around 22350 t0 22380 and a Resistance between 22550-22580, these are near term resistance and support. Below this support levels of 22150-22180 can be tested and above this resistance it can again go up to 22630, and 22750 levels again.

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Godrej Consumer Products This stock has come out of a channel can be bought if it opens above 1265 with a Stop-loss of 1200, and can reach the Target of 1305, 1360, 1395.

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Bank Nifty Bank Nifty has a support at 48620 to 48650, it it breaks it can see levels of 48023-48104, and has a strong resistance at 48930.

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NMDC This stock is showing strength can be bought at current levels of 267 and a stoploss should be placed below 257 with a target of 277,287.

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BHEL This stock has been showing strength past few days and if it sustains levels between 302 and 306 than it can see levels of 325 and 358 on the upside. Can place stoploss at 285 and enter it for further upside.

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PENINSULA LAND LTD. Buy cmp 58.5 Stoploss 49 Target 68,75 This stock has made a bottom at 48 and is likely to test its previous high around 70 levels Can be bought with tight Stoploss

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PIRAMAL PHARMA BUY Above 152.55 Stoploss 142 Target 172,180 This stock has come out of resistance @147.70 and has the potential to see upside up to 172 and 180 levels.

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DIXON TECHONOLOGIES Can be bought if it sustains above 8480. Stoploss in that case shoud be placed below 8340. It can see a target of 8605, 8773.

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Nifty has support between 22580-22620 below which it can test 22400 to 22350 levels . Nifty has resistance at 22750-22780 above which it should have a new high

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NIFTY BANK It has a support at 49220, if open below and sustains can test 49000, which is a strong support. If it holds 49170 and reverses it can retest 49500 and 49700 levels

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Nifty 50 Nifty has a support at 22520, below which it can test 22450-22410. If 225480-22520 holds Nifty spot can retest 22720 levels.

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TATA MOTORS Buy above 1020 Stoploss 995 Targets 1030, 1040 TATA Motors is trending up and will only get weak below 988 levels. Above that its a buy on dip

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MCX Buy above 4146. Stoploss 4046 Target 4212,4270 MCX if opens above 4146 will get to the above targets of 4212 and 4270, and if opens at or near 4040 and take support will reach the same targets. It will get weak only if opens below 4040 and keeps falling

DecodingChartsEQ Updated 

Nifty looks a bit weak at current around 22370. shows support at around 22370-22380. However, if these levels broken it can fall to 22100-22130 levels. If it holds 22380 we can see upside up to 22530 and 22620and 22750