Adani Ports and Special Economic Zone Ltd. broke down blow channel & mid-Bollinger today, RSI below 50, MACD neutral with a bullish bias. Staying below mid bol 265 stock may dip to 238-41 zone (61.8% fib pullback) & Lower Bol band.
Given the global backdrop, it looks difficult for NIFTY 50 to correct heavily from here as most markets follow the movement of DowJones these days. Mid Bollinger 9082 & 8900 looks like strong support. Staying above 9082 it may move up towards upper Bollinger 9867 -10200 (channel edge).
Colgate-Palmolive (India) Ltd. has corrected after a sharp rally, presently below MID-BOLLINGER - 1396. The stock has price strong support at 1345-65 Zone. Below that at 61.8% pullback of the last rise around 1250-57. if price action shows support in either zone, it may stage a smart bounce.
TATASTEEL - LONG TERM VIEW Tata Steel Ltd. fell 8.3% today. In this recession a lot of people are restricted at homes, it appears that economic activities may remain subdued for some time. Breaking below inverted flag & sustaining below 250 stock may move towards long term support 130.
CENTURYTEX - MAY FALL CENTURYTEX declined as it sustained below mid-Bollinger 304. Staying below Lower-Bollinger 265, it may accelerate downfall towards 25 March low 218 or even below. RSI quite bearish MACD on verge of bearish cross
GODGREJCP - BEARISH TREND SELL - 522.25 SL - 527 TARGET - 514 Sentiments: Buy 14 % Sell 86 % Derivative Option OI Maximum Call @560 (Resistance) Maximum Put @650 (Support)
ONGC - BULLISH TREND BUY ABOVE 77.50 STOPLOSS - 76 TARGET - 79.5
M&M - BULLISH TREND BUY ABOVE 361.3 STOPLOSS 351 TARGET - 370/380 Sentiments Buy 76 % Sell 24 % Derivative Option OI Maximum Call @380 (Resistance) Maximum Put @300 (Support)
SRTTRANSFIN - BULLISH BUY 670 SL - 745 TARGET - 800 - 812 Sentiments(Average) Buy 84 % Sell 16 % Derivative Option OI \ Maximum Call @800 (Resistance) Maximum Put @500 (Support)
WIPRO - BULLISH TREND BUY at 192.60 SL - 188 START BOOKING NEAR 198 Sentiments(Average) Buy 85 % Sell 15 % Derivative Option OI Maximum Call @200 (Resistance) Maximum Put @170 (Support)
ZEEL (DAILY) - INSIDE BAR SELL BELOW 154.9 STOP LOSS - 163.3 OR BUY ABOVE - 166 STOP LOSS - 158.15
ADANI PORTS - BEARISH SELL - 286 SL - 291.75 TARGET - 279
BERGER PAINTS - BEARISH TREND SELL - 503 SL 510 TARGET - 495
ITC BEARISH SIGNALS SELL 179 WITH SL 184 FOR A TARGET OF 174.5 AND BELOW
RBLBANK - BEARISH SELL BELOW 131 SL 136 TARGET 118
NIFTY index: CLOSED @ 9859 LOW @ 9731 As per the international market closing, we are sure that on Monday the market will be open negative. There was a strong reversal indication from NIfty on Thursday; as the Resistance at 9900 price point was very difficult to break. Also, the market has reached a healthy Fibonacci retracement level of 50%. We can see a fall...
TCS - AT A VERY CRITICAL PRICE POINT BUY ONCE IT BREAKS 2031 AND BUY MORE ON DIPS SL 2004 TARGET 2071 / 2086 OR SELL BELOW 1981 SL 2004 TARGET - 1930 / 1899 Derivative Option OI Maximum Call @2000 (Resistance) Maximum Put @1800 (Support)
ESCORTS - BEARISH TREND Sentiments Buy 35 % Sell 65 % Derivative Option OI Maximum Call @800 (Resistance) Maximum Put @700 (Support) ----------------------------------------- SELL IN ZONE 704 - 700 WITH SL 721 TARGET 670 - 641 -----------------------------------------