Need to follow the channel to see, if that becomes a flag or a down trend....
from past few days ZEEL is in the range, so as of now we can continue playing that range, sell when it reaches top and buy when it reached bottom. If range breaks then we have to continue the trade in that direction.
Buy Asian Paint T895, SL863
SHORT IndusIndBk T970, SL1088
Trade with this channel if it wont break the lower channel line.
Nifty looks weak normally. Check the head and shoulders, if that makes any sense. Also it may test the lower trend line drawn on weekly chart.
Channel suggests that the NIFTY to touch the lower line in a few days, however this must be done in Dec month only as later the pre-budget rally has to start. Or it may bounce back from the blue line too. Will see what happens!!!
Daily chart looks weak with multiple dojis with uncertinity, good to short thinking it will break the lower channel line for a T-700, SL-730. However, if the lower channel line gives support and the markets are not negative it may not workout.
Short Auropharma T 681, SL 724
Short Lovable around 237 for a T-229, Strict SL should be kept at 238.50
Short VEDL near 228 if it is possible, in case of up move add more shorts, or may be at the opening tomorrow. Strict SL- at 231 and target would be 220.