indiamarketoutlook

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YES BANK CMP 194.20 - The stock is trading between 20 day EMA and 50 day EMA just before result announcement - in our previous post on Yes Bank when the stock was at similar levels we had suggested that below 190 the stock may fall up to 182 (low made was 181.50) and above 198 there is a strong possibility of stock rising up to 208 (high made thereafter...

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Bank of Baroda CMP 123.40 Levels are mentioned in the chart In case u LIKE the IDEA and find the analysis helpful do HIT the LIKE button and FOLLOW to get regular updates from us. take care & safe trading...!!!

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JSW Steel CMP 277.8 - the stock has some support at current levels around 268-277 - if the stock manages to hold on to the support levels then a bounce up to 296 / 308-320 can be a possibility Take care & safe trading...!!!

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SBIN CMP 289.50 Levels mentioned in the chart Stop loss can be kept at today's high. Take care & safe trading...!!!

indiamarketoutlook Updated 

Levels mentioned in the chart... Take care & safe trading...!!!

indiamarketoutlook Updated 

Gujarat Gas CMP 656.80 Holding 652 the stock can be looked for targets mentioned in the chart Below 652 the stock can be looked closer to 636 for buying SL if closing below 625 In case u LIKE the idea and find the analysis helpful do HIT the LIKE button and FOLLOW to get regular updates from us.

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Nifty CMP 10852 We have seen a nice expansion pattern and then a contraction pattern in Nifty. All forming a nice diamond in the making... Now we could be in for some directional movement. Diamond chart patterns are associated to reversal pattern. Be ready for a 640-700 point movement. Take care & safe trading...!!!

indiamarketoutlook Updated 

Apollo tyres CMP 229.65 The stock looks likely to be loosing its grip. It may be looked for downside target of 224 / 221 in the short term View gets invalidated if trades above 233 In case u LIKE the IDEA and find the analysis helpful do HIT the LIKE button and FOLLOW to get regular updates from us. Take care & safe trading...!!!

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YES BANK CMP 191.20 The zone of 191-198 is very crucial for Yes Bank. Closing above 198 can open doors for target of 208 / 212 / 220 Inability to sustain above 190, then there is a minor support around 186-187 below which can lead to fall up to 182 / 178 Currently we have a neutral stance and will wait for the price action to give some further clues. You can...

indiamarketoutlook

PNB Levels are mentioned in the chart If u LIKE the IDEA and find the analysis helpful do HIT the LIKE button and FOLLOW US to get regular updates. Take care & safe trading...!!!

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ICICI Bank CMP 349 Target for the current set up can be around 415. Important levels mentioned in the chart itself On the lower side 335-343 is an important zone which should be protected on a weekly closing basis. Momentum might be seen once the stock crosses the hurdle of 358-364 zone Risk::Reward ratio looks favorable for Bulls Take care & happy...

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SBIN CMP 298.60 Last time we took a shot in SBIN at 300.85 and it worked well achieving it's 1st target Looks like we have a re-take opportunity. Will it achieve its's 2nd target this time round. Only time will tell... Consider to sell again in the zone of 298-301.50 for target of 292 / 288 sl if closing above 303 Take care & safe trading...!!!

indiamarketoutlook Updated 

Nifty CMP 10824 We had highlighted how Gaps in the zone around 10780 is acting as a crucial zone for Nifty. Take a look at the chart again... What we have seen today morning is another example of it. Another Gap up opening in the same zone. Above 10780 Bulls have the upper hand. But the question is Will it survive this time round...This is the...

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Bharti AIRTEL CMP 324.50 Levels mentioned in the chart Take care & safe trading...!!!

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Vedanta cmp 195 On hourly charts we observe the stock to be trading in a down trend channel Consider to sell between 194-196.5 Target 190/185 Keep a SL at today's high Take care & safe trading...!!!

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TATA STEEL CMP 483 Levels mentioned in the chart Take care & safe trading...!!!

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Nifty cmp 10718 The zone of 10740-10780 is an important zone for Nifty. On previous occasions it has acted as support. Now that we are trading below Will it act as resistance... target 10535 and below SL 10785 Take care & safe trading...!!!

indiamarketoutlook

HCL TECH CMP 639.90 The stock near an important level which has acted as support for some time now. A break and close below 635 may lead to further fall up to 882 levels. Alternatively one may consider the following strategy Sell HCL TECH Jan expiry 660 CALL OPTION around 22 Lot size 700 The strategy has a max profit potential of Rs 15400 if HCL closes...