indiamarketoutlook

indiamarketoutlook Updated 

Glenmark CMP 624 The stock looks likely to be at support levels. Target 680 / 700 Stop loss if trades below 602 on closing basis. Take care and safe trading...!!!

indiamarketoutlook

Dr Reddy The stock is likely to head towards 2920 / 3215 levels in medium term The pattern gets invalidated if the stock closes below the red line on a weekly closing basis Take care & safe trading...!!!

indiamarketoutlook Updated 

REC CMP 108.40 The stock is trading in a channel. Support at 100 odd levels. Target zone around 130 odd levels. Can be looked as a buying opportunity at CMP and on dips towards 104.50 for Target of 122/130/144 Stop loss if trades below 98 on closing basis Take care and safe trading...!!!

indiamarketoutlook Updated 

Reliance CMP 1158 One can consider to buy in the range of 1150-1160. The stock can be looked for short term Target of 1196-1204 Keep a Stop loss if trades below 1137 on closing basis. Take care and safe trading...!!!

indiamarketoutlook

Reliance CMP 1158 One can consider to buy in the range of 1150-1160. The stock can be looked for short term Target of 1196-1204 Keep a Stop loss if trades below 1137 on closing basis. Take care and safe trading...!!!

indiamarketoutlook

ICICI Prudential One may consider to go long For Target of 340 Stop loss if goes below 316.5 Take care and safe trading...!!!

indiamarketoutlook

Bharti Airtel CMP 314.30 The stock may come down to 308/ 305 levels. Keep a Stop loss at 318 for the current setup. Take care and safe trading...!!!

indiamarketoutlook

IOCL CMP 135.40 On charts the stock is at levels which has the potential to act as support. The stock looks good to go long from risk:reward perspective. At CMP and on further dips the stock can be looked for Target of 144/156 Stop loss if closing is below 128 /126 Take care and safe trading...!!!

indiamarketoutlook Updated 

Adani Gas CMP 98.75 The stock is at important level which has the potential to act as support. Last time we did see a bounce back after re-filling the gap around 78-80 levels. Will history repeat itself... Given the current price, setup and risk::reward ratio, one may consider to go long in Adani Gas at CMP or closer to 96-97 odd levels. Target 104 /107/...

indiamarketoutlook

BEL CMP 95.45 In the short term the stock has the potential to move higher towards 98 / 102 / 107 93 and 88 may provide support to the stock.

indiamarketoutlook Updated 

Yes Bank CMP 193. Observations - the stock has fallen more than 50% from the highs of 400 levels seen in Aug 2018 - in its attempts to pullback the stock is making lower tops on daily charts Strategy One may consider selling Yes Bank 200 Call option Lot size 1750 CMP 6.6 At best, The strategy provides max 13.2% profit potential on margin amount of approx RS...

indiamarketoutlook Updated 

Motherson Sumi CMP 153 Currently the stock is trading in a channel. - On the upside 158-163 may act as potential resistance zone - Below 146 stock chart may indicate further weakness One may look to sell the stock either on rise towards 160 or once it breaks below 146 for target of 133 / 122 Take care & safe trading...!!!

indiamarketoutlook

Rpower Cmp 30.90 - on an hourly chart the stock is trading near channel support - channel trade set up target is around 35-36 odd levels - stop loss if closing below 29.75 Risk :: Reward ratio looks favorable to go long Take care & safe trading...!!!

indiamarketoutlook Updated 

Nifty CMP 10604 Last time when nifty was at 10503 levels charts were indicating up movement to remain intact till it holds 10430 levels. Well Nifty has made a low of 10440 thereafter and has been doing a yo yo between 10430 - 10600 odd levels. Today's high so far 10651 is closer to the resistance level of 10680 indicated in previous post. The idea...

indiamarketoutlook Updated 

Infy Cmp 759 Observations - The stock has been in the uptrend again since Sept 2017 -interestingly we see the stock facing resistance again at blue trend line in Sept 2018 - on the upside 680 - 702 might act as potential resistance zone - a weekly close below 631 might signal crack in the trend and open up doors for potential fall up to 555 [/b ...

indiamarketoutlook

Amara Raja Batteries CMP 772.50 Observations - The stock has been in down trend channel (red colour) since Aug 2015 - Since Nov 2017 we observe the stock being able to manage to trade in minor blue uptrend channel Based on the observations Important levels for the stock - 728-707 is an important zone which needs to be protected - the potential on the upside...

indiamarketoutlook

Nifty Cmp 10503 In the current set up so far as Nifty is able to hold on to 10430 levels on closing basis it will have a higher probability of moving higher. Resistance is around 10680 levels. Above that it might be heading towards 11103 - 11350 levels. Take care & happy trading...!!! Wish You all a very Happy Diwali...!!!

indiamarketoutlook

Tata Global CMP 217.65 In the short term A close above 221 and the stock can be looked for target of 235-242 with a stop loss below 216 In the medium term if the stock comes towards the lower end of channel support around 192 the stock can be looked for much longer term and target above 260