WTI US Oil prices have contracted forming a triangle, almost cornered right through. Expecting a break soon. Most likely with the upcoming API/Inventory data.
IDFC could break out from its longer term resistance, leading to a strong rally. Or break down below its short term support trend, which would be a good time to initiate shorts. Will observe closely and take position accordingly.
USD seems to have bottomed out with clear recovery and short term bullishness.
JSW Steel could soon take a dip and break out upwards, or sink below 300. Makes for a good long/short setup in the coming sessions. Watching closely.
Expecting a dip today, which could lead to long accumulation thereafter.
Tata Motors has moved out of its downtrend which started off early this year. The fundamentals are good, looking at 300+ targets. T1 & T2 on chart.
Gold is in high demand zone, with a good recovery from the support. Long on this precious metal with a target of $1300.
DLF has broken out of it's downtrend. A long setup is possible with a good R:R.
Qualcomm has been in a sideways market for quite a long time. It will be interesting to watch if it is able to break above the key resistance or not in the coming sessions.
TCS flirting with its all time high makes for another possible trade. A break out above or below the triangle would make for a good long/short entry.
Uranium prices seems to have contracted and could soon provide a good and strong break out. The possibility of an upside break seems higher. However, one must remember how this commodity has disappointed investors on several occasions in the past.
The Nifty50 is at the long term resistance line which it has failed to broke ever since the great recession. It also looks to be in last leg of it's bullish wave and the bearish impulse could begin anytime.
Titan Company ltd. could re-test 800/- Levels before giving further direction, if a clear break above 900 isn't made in the coming 2-3 sessions.