Next Upmove to new high will start around this base.
After US Inflation data, IF global markets recover, this will give a good boost to our NIFTY & BNF. Expect 18350 - 18600 soon with positional sl at 17800.
We can expect a profit booking in NIFTY from here, with 18250 as sl. 17600-17500 will be probable tgt.
Buy above 36550. TGT 37200 - 37800. Banknifty is been underperforming for long time. It needs a breakout.
Is NIFTY getting ready for a shooting star at top 🌟🌟 Today closing will tell. 16750 sl.
Above 35800, BNF could blast to 36500 - 38000.
Below trendline, NIFTY can go to 15000 levels.
Dow JONES faces stiff resistance. So selling pressure will take to 21000 first target.
Keep 460 as sl & stay long in Bhartiairtel for tgt 484-495-520.
As long as 8900 holds on NIFTY we can see gradual upmove till 10000.
IF NIFTY do not cross above 9050 it will again resume its falling stream
Target 10000 in NIFTY if close above 8640.
Again NIFTY touching resistance zone. IF FM gives some relief package NIFTY may touch 8500-9000. IF NIFTY reverses from here then 7800-6800 again.
NIFTY 8800 Selling point for next big fall towards 6800. 8900+ is stoploss.
Sell ESCORTS for target 420-320. Stoploss 630.
The BIG BULL cycle channel which started in 2009 has been tested yesterday in NIFTY. It breached intraday But closed well above the trendline. IF 8555 holds for some days, There may be some follow up buying.
With 1800 as stoploss we can expect a decent bounce to 2250 levels
DOW JONES is hitting TOP of monthly channel trendline. Time to take a big pause of bull run?