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Trading-wise Updated 

NSE:RELINFRA Educational series

Trading-wise Updated 

GMR Infra has formed Bullish Gartley Setup. One can go long above 16.45 Target 1 - 17.60 Target 2 - 18.20 Stop Lost - 16

Trading-wise Updated 

Axis Bank has formed Symmetric Triangle and it will come down to its support levels of 500 then will retrace to 505 levels. Go long above 505 Target 1 - 518 Target 2 - 530

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Cummins is at its support. Will it break or reverse? Wait for break up on either side of the Symmetric triangle to know the trend.

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NSE:MOTHERSUMI has formed double top and has reversed from its high. One can short it below 334.50 Target 1 = 320.50 Target 2 = 308

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UBL has retraced from its crucial support and is going towards 850. One can go long in this stock at 793 and above. Target 1 - 806 Target 2 - 827 Alternatively one can also look for selling 780 PE @ 8.45.

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Banknifty is at the support line of Ascending triangle. If it retraces back it will go on to 24600 levels this week and if it breaks the support there is chance it may go to 23800 levels.

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APOLLOTYRE has formed a H&S pattern. One can short it below 247 Target 1 - 230 Target 2 - 218

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ACC has been in strong up move since its results 2 months back and now from august its being trading into the range of 1760 to 1820. Looking at the trend - One can Sell September - 1760 PE at 7.90 and 1960 CE at 4.50

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Following up on my earlier post below. NSE:NIFTY is at its crucial support of 9950 levels and It will be a difficult support to break. Nifty will regain the 10000 levels next week if Kim Jong & Trump keep their mouth shut.

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NSE:BAJAJFINSV has formed perfect bearish AB=CD pattern. One can short at current levels with Target 1 = 5553 Target 2 = 5390

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Tata motor has broken its month long down trend. One can enter Tata Motor Above 389 for target 1 & target 2. Educational Series.

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NSE:ONGC has been trading near the long time support level of 150 to 160 for almost a month and last week it broke the resistance level of 164. Looking at the Support & Resistance one can sell September series 155 PE at Rs 1.3 & 175 CE at 0.40.

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NSE:OFSS has been trading inside a range for last 3 months and has formed Symmetric. In the coming month it will either break above it or below it which will give the trend. Keep a look out for NSE:OFSS

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NSE:NIFTY has formed double top pattern and it will retrace back to 9950 levels before it moves towards 10200 range.

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I is at its crucial 3 months support range. One can buy Indigo above 1189. Target 1 - 1236 Target 2 - 1277 For options trading one can consider selling Moderately Risk - September 1150 PE at 12.50 Low Risk - September 1100 PE at 5

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SOUTHBANK is on the verge of breaking the Symmetrical Triangle pattern. It has strong support at 28.30 and has been trading in the range of 28.30 to 29.60 for past 7 days. One can go long on confirmation of breaking above the triangle pattern.

Trading-wise Updated 

Educational Series