ICICIBank - making higher highs and higher lows, at CMP 537, seems a decent long for targets 548, 556 and 562.
BankNifty - seems getting ready for some big moves and may be headed towards 33200 - 33700 shortly. This move should be enhanced by HDFCBank (CMP - 1415) and KotakBank (CMP - 1970).
BataIndia - seems yet long for some more upward moves. With a buy above 1590 and SL @ 1564, can be targeted for up to 1690 as follows: Target 1 - 1620 Target 2 - 1650 Target 3 - 1675 Target 4 - 1690 Just like in any other trade , an ideal thing to do, in these volatile times, would be to trail SL as per the stock's movement. Will try and update the same in here too...
AUROPHARMA - with a BUY @ 690 and above and a SL @ 674, seems a decent long for targets 617 and 630.
SunTV - shining bright even after having formed -ve divergence/s for a while now. It's time to dusk. With a sell below 464 and SL @ 476, we could see the Sun setting to 450, 435 and 420. PS: this would also make a good hedge along with my other long call on KotakBank.
KotakBank with a Cup with handle formation, could be headed to 2040 (before 2020 ends for us). First target being 1975 with SL @ 1848, and eventual target @ 2040. Just like in any other trade , an ideal thing to do, in these volatile times, would be to trail SL as per the stock's movement.
HDFCLife within a Broadening Wedge Pattern seems all set to go long for targets 674 & 700 with SL @ 634.
It is clear that 26500 can be seen in BankNifty... Where next?
With another cup and handle pattern in BankNifty and the bearish markets (and Bulls trapped within), seems 23000 not too far for BankNifty and Nifty, too, should follow suit.
M&M looking weaker in a weak market and could droop further down to levels 575 & 565 with 603 as SL.
DOW Futures could see 30500, depending on the election results... Will track the break out either side... Upwards will take it to 30500... downwards will be free fall..
Coforge could see some correctional moves and should trickle downwards levels 2340 & 2240 post result announcements tomorrow.
Ideal levels to enter should be between 1070 - 1080 with SL @ 1050...
Bata - readying itself for its up-move journey. Targets and SL mentioned in the chart.