Finance Sector may be in for big trouble if it fails from these levels. Pattern not yet confirmed but the possibility is still open. Index has to go above 11900 for this to be invalid.
Infosys has been in a channel for last 2 months. It broke out of that channel yesterday and closed above it. A weekly closing above the channel may trigger a short covering rally towards 684 700 levels.
SBI seems to be in a narrowing range for the last 1 month. A break on either side will decide the trend of PSU banks and Banknifty. Lets wait and see...
Buy Mindtree above 874 Stoploss 850 target 930
Sell Below 26802 Stoploss 26930 target 26585
Stock broke below a narrowing triangle pattern. Sell with a stoploss of 108 expect targets of 98 93
Buy TCS with a closing stoploss of 1940 Target 2200 (Positional)
Sell SBIN at 282.5 Stoploss 288 Target 274.5 258
If Nifty fails to cross 10650 it may form a Head and Shpulder pattern
Double Top normally signals an end of a big rally and a possible correction ahead. Sell Banknifty below 26040 Stoploss 26180 target 25880
Looks like we are heading towards 2600 range again
Sell SBI at 285 Stoploss 294 Target 264 257
Wipro broke out of a range and now falling. Sell 317 Stoploss 325 Target 303 (Positional)
Nifty Bank completes 50% retracement of total fall from 28300 to 24240. A weekly closing below 25830 may signal new correction and can expect fresh low below 24240.
Buy Hindunilvr at 1690 Stoploss 1674 target 1704 1738 1774
But above 1115 Stoploss 1096 Target 1144 1168
Infosys has broken down out of a narrowing range. Sell at 645 Stoploss 654 Target 637 633