After a decent pullback from its recent lows 5446.05 now at resistance at around 6300 level.
This makes an ideal short from today's closing price 6208.55 for a target of 5720 & 5450.
View negated above 6350 (Stoploss)
Nifty caution ahead !! previous support 11135 acting as resistance. in daily charts (Spot)
Short can be initiated for lower level target . not predicting the time frame.
Stop loss above 11150
Target 1-10810
Target 2-10550
Target 3-10410
*always maintain stop loss
Happy trading!!
Bank of baroda trading near demand zone 90-100 . with major weekly support at 85.
if closes above 100 next week then one can go long.
and in worse case it closes below 85 we are heading to a much lower level. that would be a major break down for the stock.
Now at wait & watch zone
Long above 100 with SL 95.
Short below 85 with SL 90.
Price to be watched (10895 spot). if closed below could headed lower till 10425 in near term.
As budget day would be very volatile day.
Price sustaining (closing)below the trend line would be valid for short Nifty with Stop-loss(10950) ..
Cheers, Happy trading!!
