Trade set up for BANKNIFTY, post expiry
One can go long if it holds above trend line for a good swing
NIFTY is in uptrend on 1 hour chart, but in the last trading session a range bound move was observed. If it breakout above this range then one can enter into a long position or if it breakdowns the lower range then a trend line breakdown will also support a short position.
It is about to give breakout above 160. On closing above 160, one a can go long with a stop loss of 140 and target of 200+
JSWSTEEL is at support on day time frame. One can go for a long trade to have a good swing from here.
After a long down trend a breakout is seen on that daily chart of GOLD, one can go positionally long from here or wait for a retest of the support level to get a better risk to reward ration.
One can go long in HDFCBANK once it moves above the Daily Pivot Point. We clearly saw it taking support around 1350 multiple time, hence one can by at that point as well for investment.
One can go long from here in HEROMOTOCO and accumulate on dips in the buying zone marked as green in the chart. It is trading below its 200 day EMA but may bottom out in this zone.
MRF is close to support zone on day chart. One can go long from here, investors can accumulate here and buy more on dips. NSE:MRF
Tomorrow tatamotor can give a breakdown or show a reversal from the on going down trend.
Check out the important support and resistance on the Day chart of Silver. One can go long tomorrow if it happens to break the trend line on closing basis.