TARGET 1 TO BE ACHIEVED SOON
Yesterday's call. will the short covering will take it to target line? today or tomorrow? Earned profit already? Keep on long postilion with stop loss at 11915.
Nifty has strong resistance at 11914. It seems nifty is breaking out of that range. stop loss may be below the handle. Target mentioned in the chart or height of the cup.
Posted yesterday. If touches the lower target line Break down of maruti will take place. spot support was at 4480 was there. Already touched that.
maruti coming down watch my previous call
However any positive for auto sector in the budget will prove suicidal if any one shorts it. But if any break down takes place it will take it down right to 5615. Let us watch it care fully.
In weekly basis bank nifty still bullish. expecting some correction. 20 days sma is at 30939 It will likely offer some resistance to correction.
cd leg has just crossed the limit.. will it correct for a break down? let us see,
Govt planning not to increase purchase price of sugar cane. May positive for sugar mills(please check before trading) Price may rise to 151 minimum.
Let us see If SAIL has positive break out today or in coming trading sessions. Stop loss should be 51.
I had suggested on 27/06/2019 the resistance of nifty at 11914.Nifty retraced from 119111.support of nifty exists at 11740 to 11736. Nifty may try to retain this price.
Yesterday I had suggested 11914 as resistance for nifty. Nifty retraced from 11911(3 points short of that) This zone offers strong resistance how ever nifty if it takes this level out..higher levels are possible.
Nifty touched the target as anticipated yesterday
Nifty at resistance line. Interestingly it is forming a head and shoulder pattern. In order to br bullish nifty has to take out this resistance line convincingly.