Banknifty is likely to expire in the range of 31000-31500, have a good support at 31000. Next support at 30800, 30500.
NSE:ROUTE Although it's not a F&O stock, stock is looking weak.
Opening will matter, however, expiry should be in the range of 13750-14000 in current scenario S2 is a good support. Nifty will be weak below S1, strong over S1.
NSE:BANKNIFTY Key levels are 30800, 30650, 30600. at least 1 breakout or breakdown is expected .
NSE:MOTILALOFS Short below 610 Support 580 - 550 Buy if it takes a bounce from 610, Target 660, 730
NSE:MINDTREE Mindtree is looking weak on hourly chart. Below 1455 it's a shorting opportunity and above 1485 it's a buying opportunity. Although it made a cup and handle formation but it is failing to sustain. So it's likely to fall from here. Downside support will be 1420, 1365, 1300. If anyone holding, should exit from here, any fresh trade can be taken on...
HDFC Life CMP 643 There are 2 possibilities - 1. It may hit fresh ATH accumulating buyers 2. It may go down respecting the rising wedge pattern It's our job to keep the SL tight at 625 if taking any fresh trade at this level. However, probability is more on buy side.
Continuation of last post. Stock may reverse from the blue line as well, it's current 2% std. deviation level.
BPCL CMP 412.85 Resistance - 435, 545 Support - 370, 325 , 310 BPCL may give a news-based move tomorrow. Although stock already discounted earlier when Saudi Aramco declined to bid in the stock in its disinvestment, Govt closed the date for stake selling today and no major investor has shown any interest in bidding. We can again expect an immediate down-move...