TheWizardsZone

TheWizardsZone

If it sustains the breakout then retest of old highs on cards

TheWizardsZone

Now 15900 becomes a support zone....We consolidated in the 500 point range for 2 months...so target is 16400 + now

TheWizardsZone

Good numbers followed by good commentary...stock showing signs of breakout from a big consolidation

TheWizardsZone

Nifty Equal Weight has made a new high today

TheWizardsZone

Stock is breaking down....we have leadership in banking from ICICI Bank (Kohli)...time to respect and acknowledge the change in guard

TheWizardsZone

Can be bullish for EMs including India if breakdown sustains

TheWizardsZone

Worth Buying with SL of 190

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Breakout target is Rs 2500+

TheWizardsZone

The Price Hike has come in select plans but market may take it as a signal of end in price war and future price hikes from other players. If breakout sustains then we can see good upmove in coming days

TheWizardsZone

After a weak set of Numbers it has broken down from a long term trendline and 55EMA. Can potentially test 233 EMA

TheWizardsZone

Nifty Real Estate in breaking out of a 10 Year Consolidation. It will be a sector to watch in the time to come

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BPCL is bouncing strongly from key support zones (trendline support and 55 EMA). With OPEC positioning on increasing oil supply Crude may have peaked short term which is good for OMCs

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HDFC Bank Leading the way...If breakout sustains then we are looking at a big move

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This is 4 rejection from around 92.8 levels in last 6 trading sessions. It has failed to breakout despite high inflation numbers in US and increasing risk of the tapering of stimulus. If it has finally reversed for good then be ready for risk-on in EM including India. Hopefully Nifty crosses 16k and Bank Nifty breakouts above 36k soon

TheWizardsZone

Watch out for big moves in this space in the days to come

TheWizardsZone

Bank Nifty has given a breakout from a triangle pattern. However, what happened today in the 2nd half was programmed profit booking at Nifty retested the all time high and Bank Nifty touched its near term high. If we go by positioning of option writers, their has been aggressive PE writing @35,500. At the same time CE unwinding has been seen @35,500 and lower...

TheWizardsZone

Levels to Watch - 35,500-,35,600

TheWizardsZone

Upward journey resumes