Stoploss: 10815 (Opening of bearish engulfing pattern) Reward:Risk =2.5 , Risk= 220 points , Reward = 440 points Target: 10045 Time period: 4-6 Weeks
Support - 9700 - 9531 - 9290 - 8970 Resistance - 9920 - 10080 - 10180
Short term: Buy around 105 with a stop loss of 100 with a target of 120 Mid term: Buy at CMP 110 stop loss of 100 with a target of 135 Long Term: Buy at 90 stop loss 65 Target 230
Buy at 475, for a target of 500, 530 (11.57%) & 550 (15%) with a stoploss of 440 (-7.36%)
Buy at CMP of 436 -440 with stop loss of 400 (-10%) with a target of 520 ( 18%)
Upside resistances: 8175, 8300, 8465, 8600, 8968, 9116 Downward support: 7900, 7720, 7650, 7500, 7371, 6833 Given the recent disruption in the money supply which will contract the economy in Dec at least and 1-2% GDP contraction the Nifty is in a week fundamental zone. Technically also we have seen a weakness following the uncertainty over US elections and the...
Due to uncertainty created by demonetization and microfinance being the direct impact sector this stock along with its peers have seen a beating. In case of this one though, it has touched the Fibonacci level and incidently same support level. Target 800, stoploss 525.
All of the recent rally has been wiped off thanks to the FII outflows. It is just above the 50% Fibonacci retracement level. Closing stoploss 750. Target 1000. Return 22%; Risk 8%; Timeline Mar'17
Bank nifty will take support at this level of 18950 to bounce back to 19125 and possibly 19200. It is unlikely to break 19400 so calls can be written for these level for coming week expiry. 19700 is another strong resistance unlikely to be broken for a monthly expiry. On the downside support is seen at 18888, 18700 & 18400. Puts can be written for these levels...
USDINR has entered the bearish zone after breaking the monthly bullish trend line in July. This recent rally can be seen as a relief rally. Since July it is giving lower high and is unable to sustain above 67.25. Revarsal of trend indicated by close above 67.3 and confirmed at a close above 67.5 in a couple of weeks time. A sharp bull back with a close above 67.1...