Getting ready for a breakout. Formed a C&H pattern on Monthly.
Bank Nifty - Daily chart is showing great strength and likely to continue its uptrend in coming days.
Bank Nifty weekly at the upper end of the channel and likely to give breakout of the zone.
Bajaj Auto - A Strong BO on all timeframes. BUY Sl - 3785 TGT 1 - 4060 TGT 2 - 4120 TGT 3 - 4325
Ashok Leyland - Daily H&S Buy with SL of 140 TGT1 - 153 TGT 2 - 165
BNF - Analysis. BN is in a wide range of 34800 - 33000. Once the price closes above 34800 or below 33000 we may get the clear direction. The higher time frames suggests that we are still in a down move but the lower timeframes suggests the range with mild bullishness. If the price closes above 34800 we may test 35600 zone in very quick time.
Nickel - Sell once it break down from the range. Nickel - Sell below 1960 SL 1976 TGT-1&2 mentioned in the chart.
Bank Nifty is moving descending channel, looking at the past behavior it seems a move towards 36200 - 36500 possible.
Nifty has made a double top. The target for the pattern can take Nifty to 15500 and if that does not sustain it can test 14900 - 14300.
As per Nifty daily chart formation. it has confirmed a double top. The double top target are 15500 - 15800 zone. Nifty can take support in the zone of 15500 - 15800. If that zone could not sustain it can test 14900.