Nifty at bottom of the channel. Looking for upward trend for next 5-8 sessions
Berger is showing strength for 3 months. Now it is trading above resistance level of 527. As per Volume profile very less volume is traded at this level. Likely to fall to 527 tomorrow and can reach to 520 level in 2 trading sessions. Exit the trade if closes above 534 tomorrow.
RSI Divergence seen on Nifty
Buy Berger Paints with a target of 526 and SL of 488
Sell L&T at 1369 with immediate target of 1311. Stop Loss at 1400
Buy SBI Future at current level of 292. Currently trading at 292 which is below bottom of regression channel. OI seems to be reducing indicating possible trend change. RSI is at 24 indicating oversold.