Description and Targets on Chart
Sell Below 935 Target 928 Target 921 Stoploss 946
Its Been observed that nifty 0.02% is running in downward channel . At present from Channel top can travel upto mid of the channel. In between there is a major support at 7900. And also if Nifty 0.02% has strong support at 7890 levels.
Its been observed that gold have breakout from the symmetrical pattern. One can look for buying opportunity to buy above 1138 for the target of 1150-1154.
Buy above - 353.75 Stoploss - 350.25 Target 1 - 353.00 Target 2 - 355.60 Target 3 - 358.00
ENTER ABOVE 3285 TARGET 3305, 3331, 3368 STOPLOSS: BELOW 3244
Buy at CMP 1130. Stoploss Below 1121 Target 1 1142 Target 2 1157
It is been observed that nifty -0.48% is in the final leg of Descending triangle on 15 Min chart. 15th Dec 0.89% opening will be the crucial level for Nifty -0.48% . If open below 8170 will take it to immediate support 8150 levels which is a crucial support at present scenario. In case nifty -0.48% could not sustain at 8150 will take it to further down of 7910...
It was interesting fall from 796 to 440 and now made 52 Week low at 336. And finally last week RSI reached 25 levels. So its a clear buy with initial target of 380 sustaining above this level can take further upside. Keep the stop loss below the recent low of 336.
Prefer a stop loss @510. Going above 510 may take it towards 630 levels. CMP 484.45 Target 1 441 Target 2 354 Stop loss 511
Infy will pullback to 980 level before starting the final leg to reach 950.
In 30 Minutes chart Gold broken the channel and trying to take up move one can buy above 1261 for the upward journey. Gold will take a bull run so I'm not giving any target.
Its been observed that Tatamotors started upward journey after the correction. Certainly looking for 590+
Crude is in buy mood Target 54. Maintain stop below channel bottom
From last 6 months trading within the channel and looks today reached bottom of the channel. Further will be heading towards the previous high of 282. One can wait for the momentum to reverse with a stop loss at channel bottom.
And also check my last update on NG. After Channel breakout now trading above 161.8%. So will undergo correction till 3.15, so I am adding my long position now and if correct near to 3.15 will add more for the target of 4.5 in short term. Keep the stop loss near 3.
Description on the chart itself. Happy trading Regards Raj
The idea is not for any trading purpose. Just to be cautious on trading.