Nifty does not seem to have much downside left. As I see max to max it would go down upto 17350-400 level and would restart its upward journey to 17800-850.
Adani Port is again reaching Multiple Top Resistance at 915 and high probability of reversal from here because of profit booking , hence longs may be cautious. If it can open and sustain above this level for 2-3 daily candles then pyramiding maybe done.
IRCTC is approaching a crucial zone and needs o open and sustain above 775 for continuing the bull run If it fails and slips below 665, it would be an exit for positional players.
Reliance Industries is approaching resistance zone at 2850 ! Longs need to be careful and trail closely.
The OPEC announcement to raise production does not seem to have any effect and Crude Oil seems to be all set to touch USD 121 very soon.
Head & Shoulder pattern visible in Pidilite, if it breaks the line, target is indicated by Chart. An open above shoulder would invalidate the pattern.
Nifty Support (Green band) & Resistance (Yellow Band) for weekly expiry 19-5-2022
Ajmera Reality might take a bounce here and give a move of 50-60 points if it can manage one open and close above 321
Bajaj Finserv is at support and likely to take a reversal.
Crude Oil is looking good for a short trade with SL at 8605 !
After a long correction, Huhtamaki is now showing signs of reversal and accumulation. Staggered entry levels are indicated on the chart, SL for first entry can be kept below the green Palat zone.
Kesoram Industries is trying an upmove, Staggered Entry levels along with SL are marked on chart !
BBTC is attempting trendline breakout ! First Target 1380 and SL is below the green box.
IGL is forming a bullish pattern and may give a good breakout above the level of 400. The same kind of pattern was seen earlier also (marked on chart).