#DCAL is looking good on All Time Frames making a VCP. Once this TL BO is done and sustained (above 260), move would be very fast and target can be as high as 400+ in quick time. Views negated below 215 MCB.
#NIFTY50, for any Bullish Bias, I'd still wait for it close above 17351-17360 Zone. Maybe some Expiry Action tomorrow. With busy weeks ahead, it'd definitely be volatile for some days. Good for momentum traders.
#BANKNIFTY, 36900 is major hurdle and BN should reach there tomorrow (if today's low is saved.) However, will it sustain above it? That's left to be seen. Let's see!
Once LOC of 2505 is crossed and sustained, it'd open the gateway for 2800+
Watchout above 365 with a close watch on Volume. If manage to cross & close above 365 with good volumes, we may very well see 430+ pretty soon.
#NIFTYBANK, looking comparatively weaker than #NIFTY50. Took 200MA support and rose. Now 35400 is an important support. If that's saved on DCB, we'd again rise back to 38000 Dec expiry. If not, expect another 800-1200 points fall before consolidation. Picture should be clear in coming days.
#NIFTY, took TL support and rose. Now we've multiple supports in coming days. Technically, a good time to initiate buying. I'd start worrying only when we breach and sustain below 16000 DCB (around 200MA) So those who are worried, can start having some respite.
Bullish view is looking far for NIFTY (Only above 18150) however, on downside below 17225, we're looking at 17050.
BANKNIFTY closed below TL and for any Bullish view, it needs to close above 38150 and it'll back on Track. Let's see!
Back into Channel. BN did try to break the channel but somehow managed to close inside channel and if tomorrow market opens green, we may see some buying to take BN back to 37600/38100 levels. Let's see!
Possible Reversal from here? Last candle is interested with RSI showing hint of divergence. Tomorrow's 1st candle would be interesting. If green, we may show good bounce till 17750. Let's see!
Closed just above Support in WTF. If broken and sutained, major support zones would be 17250-17450 which may hold NIFTY temporarily.
Broke Down on Weekly Time Frame and looking highly likely to breach 550- levels. I hope it doesn't but charts are cruel sometimes!
FMCG is still in better shape. In Broader Market correction, find yourselves safe in FMCG stocks.
Trading Near Support and comparatively looking in better shape, until TL support is intact.
Is PHARMA oversold? Pharma sector made a rounding top and may soon it's bottom, either for REVERSAL or for BREAKDOWN. Be alert!
C&h BO Failed and currently near support. If broken, we may see fresh selling in Autos too.
IT is still comparatively in better position than Metal but it's showing tiredness. Confirmation in coming days.