YES BANK, RELIANCE COMM LTD, ASHOK LEYLAND, CG POWER AND INDUS, OIL & NATURAL GAS, ITC
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Short buildup can be seen in nifty. A head & shoulder formation can be seen in nifty on daily and weekly charts but it has not given the breakout yet. Once if it breaks the level of 7920 a huge downfall can be seen. So for the current scenario you may sell it with a target of 7920.
Long buildup can be see in icici bank on daily charts . as you can see the bullish pattern formations on the charts so its a BUY with a target of 280 and a strict stoploss should be maintained at 245 on closing basis. because its seen that most of times it just gives shadow at the bottom levels .
As it can be seen that a head & shoulder pattern with flat head and downward sloping channels has formed in amarajabat on daily charts. So it would be a sell with a closing stoploss of 920 with a target of 780. which it may achieve within one and a half month.
As it can be seen that two inverse head and shoulder pattern has been formed in cipla on daily and weekly charts. So it will be a buy on dips strategy at around 575 with a closing basis stoploss of 565 with a short term target of 600. And once if it breakes 600 which is a hurdle then you can easily expect the targets of 670.