Tata Communication is buy opportunity for target of 680, 695 & 710. SL 650
IOC is buy opportunity for target of 450, 460 & 470. SL 430.
Tata Steel is sell opportunity below 630 for target of 620, 610 & 600. SL 640.
BankNifty may break triangle if sustains 24K level go long. Targets & SL shall be posted based on the response of the set up's. - Descending triangle. - RSI Divergence. - 61.8% fib correction level. - 200 MA support.
ADANIPORTS sharply bounced from the trend line; one can buy above 389 for target of 395, 402 & 410. SL 380.
PNB Housing is buy for target of 1600, 1650 & 1700. Sl 1500
CESC has given break out, it is buy for target of 980, 1000 & 1015. SL 940
Hindalco has given break out, one can buy for target of 240 & 245. Sl 228.
NTPC may bounce from trend line above 170 is buy for target of 175.
CASTROLIND is buy oppurtunity for target of 400.
Ajanta Pharma may give strong bounce from the support towards 1350. Can use dips till 1150 by next week.
Gold has reached it's resistance zone and making rising wedge on daily chart pattern. If breaking wedge support line, one can go for short trade. However it may attempt to break the hurdle resistance zone; If breaking upper resistance line can go for long. Confirmation must be required for initiating this trade.
Balram Chini has made Symmetrical triangle pattern, now it is on the verge of break out. Above 167 go long for target of 177. Below 162 go short for target of 152.
Nifty seems will give some relief rally till 9900.
Ujjivan may give breakout on 15 Mins chart. one can buy above 305 for target of 310 & 315. Without breakout no entry. SL 300.
Tech Mahindra at important resistance level; if breaking 445 it can move further. Target for longs above 445 shall be 450, 460, 470. If failed then it can be shorted below 435 for target of 430, 420 & 410.
TATACHEM hanging near it's crucial support, one can look for both side opportunities, level mentioned in chart for long and short. Have good trade.
BHEL has broken it's important support, one can short below 130 for the mentioned level. SL 135.