USDINR has been consolidating since one week and tried to form a base (at the demand zone). In Previous day session it broke its resistance (73.65), and sustained above it. At current level it is looking good for long with good R:R, Minor hurdle at 73.9.
ITC has bounced exponencially from its support 180. Some big players may be absorbing all selling pressure. Keep watch at this counter.Good to go long above 190
Hindustan unilever is showing strength at current level as it has bounced from its demand zone (2100), if closes and hold the 2170 level its a good buy for Intraday as well as swing
Looking at charts, bluedart is looking good to buy above 2330, 2300 will act as support
UNICHEM MADE A BULLISH CANDLE AFTER TAKING SUPPORT AT ITS SWING LOW 234-235 IN PREVIOUS SESSION WHEN MARKET WAS IN RED. ITS A GOOD AND SAFE BUY ABOVE 262
Nifty in last trading session opened gap down and took support at 11325 (near swing low of 31 Aug 20), somehow it managed to hold that level till closing bell. If this level breaches more fall will be seen. Similarly if managed to trade above 11400 then only will test its gap boundaries. Looking at the OC, 11400 seems a good resistance for this week 11150-11000 is...
Zeel is performing well even after recent correction. In PDS (previous day session) it again tried to break its recent high point(219). Looking at the strength its a good buy above 220 for target 229, 235
Metal has been doing exceptionally good. JSW Steel seems good buy candidate above 296 for the target of 313, 327.
WILL LOOK FOR BUY ON DIPS ABV 490 ONLY( IF SUSTAINED)
Godrejcp is taken support on trendline; Wait and watch if it hold at this trandline.
IN CONSOLIDATION, IF CROSSES 6545 AND SUSTAINS, LONGS CAN BE INITIATED.
SUNPHARMA HAS GIVEN A BREAKOUT ABV 550. IF SUSTAINS BE BOUGHT.
Ujjivan broke its trendline in last trading session, good to buy above 270
Relaxo has been in pennant since 19 Aug which broken in last trading session . Good to buy above 670
M&M broke its resistance and retraces to lower levels. In previous 2 session has broken the trend with good volume. It seems we can see some good movement at upper side in coming session. Buy above 640 (if sustained)
Bharatforge gave BO on 13 Aug, since that it has been consolidating. Looking at the chart structure it may give BO. Buy would be recommended above 515 for the target 530.
CAN BUY IF GIVES A SUSTAINABLE CLOSE ABOVE 190.6 SL SHOULD NOT BE MORE THAN 1 RS.