Todays intraday setup in index is very easy we will see a flat opening and then either side market can give huge good moves.
India50 has formed a very good range in nowdays breakout and breakdown will lead to a good rally in the market
zeel looking great on daily charts can be a good deal if breaks and sustains 320 for 400 as a target
We have shorted apollohosp positional with a small sl of 5200 and target of 4700/4300 Always follow proper Risk and position management. Trade as per your risk appetite
IN yesterday's trading session Index have shown weakness where bear have attacked the market> India50 bounced from the important zone changes are high market opens gap up today we will buy only above 18600 and sell if market opens gap up near to 18500 More qty can be added below 18380 where market can lead till 18200/18050 in todays intraday.
NMDC bounced from the weekly support and in DAILY time frame have framed a very good Bullish Engulfing Candlesticks which clearly depicts that stock is trying to change the trend. A long build-up can be initiated in NMDC above 145 if we get hourly good closing support in short term target of 175 are easily on charts in long term we can see bounce upto 300...
On last trading session (FRIDAY) before the closing of the market we have seen a clear bounce from the important zone of 17600 if market manages to sustain above 17600 level on Monday index is heading for 17900/18000 in coming days. As a trend reversal trader I will like to built a long position in NIFTY above 17760 for the above mentioned targets. Also RSI Is...
Indusind bank at its major weekly support /demand zone a good long position can be created with small sl Always follow risk management and position sizing
A very good a candidate in today's INTRDAY if open flat buy in range 1420-1430 keep strict SL target will be yesterday high 1460 if yesyerday high taken out we can see next target in coming days of 1480/1500 also . HAPPY TRADING
IN yesterday session metals have given rounding recovery in focusing with the same the most heavyweight of metals TATA steel given a breakout of one of the craziest patter (ROUNDING BOTTOM) in intraday we will consider buying above 1306 for target of 1340/1352.
Tata steel have clearely given short side trade today at 1310 for target of 1105-110 One can again enter in short at 1310 or if day's lows breached out at 1246 Keep eye