Good buying seen in NSE:DEEPAKNTR today. Now it can rally towards 1850 levels.
NSE:AFFLE has entered into oversold zone according to RSI on daily timeframe. It has broken it's 4400 support today and let's see if it goes towards the next support at 4000 levels.
NSE:NIFTY closed at it's almost day's low. It broke it's 15750 support today. RSI on daily time frame is above 50 and 15670-15680 is a good support. On daily time, candle seems a weak candle. Profit booking is seen.
NSE:RELIANCE has taken support around 2077 and buying has emerged again and with very small candles. Let's see if it sustains or stumbles and comes to 2k range.
I had already booked profits in NSE:NAUKRI last week around 5000 levels. Since then it has been consolidating. Volumes are also low. RSI is above 50 but facing downwards. Price is still above 9 and 20 DEMA. So if it gives breakout then it can show 5300-5400 levels anytime soon. If it's not able to sustain and it comes to 4300 levels again then we shall enter again.
NSE:HDFCLIFE is trying to sustain it's 690 levels today but again volumes are low in comparison to yesterday. Let's see what happens by the end of the day. If it sustains 690 levels then very soon we will again see 710 levels.
NSE:TCS is trying to go our of it's selling zone and stay in upper 3350 levels. Today it has again broken that selling zone and trading above that but with low volumes. If it goes out of this selling zone decisively then this selling zone will become support for it.
NSE:NIFTY has been stuck in a small range for the last one and half hour. Simply premium eating exercise going on. VIX is touching 13.
NSE:TCS gave breakout the other day but it's back into selling zone. Small hands are booking profits so it may bounce from here any day.
NSE:HDFCLIFE can sustain it's 690 levels despite Standard Life selling. Look at volumes, immense buying is visible.
NSE:NIFTY took support around 15750 in intraday.
NSE:AFFLE came to my radar on Friday. It has retraced more than 20% from it's high. It's been consolidating in 4500-4600 range for the last few trading sessions. RSI is also in over sold zone. So it can show some reversal soon. As soon as it's recovery signs are visible I will think of buying it for the targets of 5100 and 5300.
NSE:NIFTY closed at almost it's day low today. 15800-15820 is going to be good support for it. It may take sometime to cross 16000 levels or it can keep consolidating for a few weeks. As of now, RSI is strong (˜65). Until it's above 50 on daily timeframe I would consider it bullish.
One new share on our radar. NSE:INDIAMART seems to be taking support around 6850-7000. If it shows signs of reversal from here then good targets can achieved.
Volume candle is showing more than normal profit booking in NSE:HDFCLIFE . The way it's coming down it can take intermittent support around 700 levels. It will take some bigger candles to break it's 720-725 levels.
NSE:NIFTY took perfect support around 15820 levels and trying to go up but today is going to be sluggish day. Sideways movement can be seen the entire day.
Some profit booking seen in NSE:HDFCBANK as well but taking good support at 1510 and there is no sign of coming down below 1500.
Some profit booking is seen in NSE:MARUTI . But there is some up move left. It might start rallying towards 7800 tomorrow. Price is still above 20 DEMA.