Nifty futures looking for buy at these levels. We recommended to our customers for directional long positional for Nifty futures for targets of 11220 levels. By the end of the day, FIIs and Institutions may change their positional str to positive side. Weekend effects can be seen during day to short PE by FII/Institutions.
Advised to long sunpharma if crosses above 440 levels for bigger upmove in coming days. Stock showing strength in previous sessions and having decent volumes. Keep stict vigil above 440 levels during intraday and positional calls.
As the chart suggest, Wipro is near it strong support trendline of 249 levels. The stock shows weakness due to weakness in all Nifty IT sector. Rupee appreciation is the only reason for decline the IT sector today. One may go short if the stock slips below 248 levels as confirmation for Intraday as well as positional trend reversal strong signal.
On evaluating the chart of NIFTY FUTURES in hourly time frame, we see that the upside is restricted in the Index and rupees again showing weakness in the past two sessions can bring back it to it down sloping channel, further we estimated that the Indices will be trade in the range bound manner and more downside can be seen if Rupee depreciate on regular...
Dear viewers, Escorts having given the Head & Shoulder breakdown in its Monthly chart which seems to be very curious. On checking the Option data of the stock and after drawing the trend lines, its to be precisely very clear that whenever the stock break the 440 levels, we may see big downside in this stock. Keep strict watch on the stock and sell on rallies if...
Escorts is near its breakout levels and if crosses 510 levels, we may see some good bounce in the stock.
The chart of AdaniPower shows the strength of the stock and taken breakout from the downsloping channel, we may see some good rallies in the stock if market sustain above 11 K mark.
As the chart suggests, there is a distribution phase has been started in Pidilite Industries. Lets wait for the confirmation to break below the levels shown in the chart as the volumes are decreasing interestingly day by day and if the Index slips back in the territory of 10800, we may see good corrections in this stock, However the stock is in bullish tone and...
Do not trade till crossing the important levels as suggested in the video.
On assuming the chart of Dr Reddy, it shows the Head & Shoulder Breakdown, one may go short with a SL of 2575 for a target of 2060 as per my projection.
Short NSE:IBULHSGFIN with SL of today's high target big and more downside available towards 380 levels.
Short HDFC Bank with SL of 2235 for target of 2200. Favorable risk to reward.
USDINR shows weakness from last two days however, on assuming the chart it shows that it has found its bottom and we may see some nice step towards 72.25 levels in early morning. Besides being that if NFP data will be in line then we may see some big movement in it. Keep strict SL of 71.65 for any long positions.
OI Build up in futures and OHL may confirm the down ward formation of wipro for intraday decent gains.
As per signal of my De-marker in every time frame, there is a possibility of bounce in the Nifty Index towards 10950 levels as Rupee is also strengthen from tomorrow levels and there is also lot of fear in the Market at this point. Bears having No opportunity at this stage to short the Nifty. SL will be around 10720 levels.
The chart of USDINR showing the bullish crown, we may see the levels of 72.75 in next few sessions. Traders may long the OANDA:USDINR with SL of 71.95, the currency having strong sentiment and breakout has been taken from the 72.30 levels.
As the structure of the chart shows that Nifty has signaled weakness and we may see the levels of 10500 in the next weekly expiry. As the selling pressure of FIIs have not been stopped yet due to global uncertainties and weakness NSE:NIFTY .
As chart shown, traders can short NSE:AXISBANK If the stock closes below 658 levels for a target of 646 in short term or for Intraday.