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For tomorrow, SGX Nifty indicating the gap-down opening around 17490, would be looking for buying opportunity at a lower price.
Tomorrow Prediction for Nifty is : Volatile
Buy Above - 17670
Sell Below - 17534
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The descending triangle is formed in the Axis Bank stock. keep an eye on the breakdown with good volumes.
If a breakdown happens with the rising volume you can short with a target of 763 approx.
for more analysis on stocks .
Traders are requested to keep an eye on the Asian Paints stock as it is expected to give break out from the major resistance or concentration of the supply zone. you can get good profit if the Breakout happens. thank you to all of you
We saw a good up-move as Nifty broke the falling resistance line and met all of our buying targets, as predicted. For tomorrow, we can expect a move higher above 16650, although caution is advised around the 16700 zones, as it is a Nifty ATH.
Look for a selling opportunity in the morning at higher levels if we begin with a large gap-up.
Naukri finished well above the daily resistance zone,
with a big volume closing. Intraday trades over 5800 are good,
while trades above 5880, the all-time high, are safer. Maintain a strong risk management strategy.
Today, Nifty opened with a large gap-up at the 16600 zones, which was followed by a rapid sell-off, as expected. Nifty fell to 16400, over 200 points below its starting level, before rebounding from this zone, which also served as support on Friday.
If we open flat around 16500 tomorrow and break the falling resistance line on the upside, we expect Nifty to climb...