Bank nifty is looking positive after attempting falling trendline breakout. Can look for long opportunity till index is trading above 47600. Keep on radar.
Bank nifty is trading in a range after good recovery from lower levels. Gap has been also filled. For fresh move on upside, bank nifty need to cross and sustain above 47600. For downside 47420 needs to be break.
Maruti Suzuki is looking weak on daily time frame. Seems buyers are not interest at this price. Stock is getting rejecting at upper side from last three days near same price levels. Keep on radar.
Bank Nifty is not offering good risk reward trade at current levels for long. Seems it trapped call sellers and now call buyers can be in queue. Keep on radar.
SRHHYPOLLTD is looking good on weekly time frame. Stock is trading near breakout levels. Keep on radar.
Bank Nifty is trading in first half hour candle range since last two days. On longer time frame, Bank nifty is looking positive till its trading above 47200. Can expect buying in closing session if market sustain above first 30 minutes candle. Keep on radar.
HDFC Bank is looking good on daily time frame. Stock is coming out of consolidation. Seems HDFC Bank will lead the bank nifty. Keep on radar for closing.
VSSL is approaching towards resistance levels on monthly time frame. Keep on radar for breakout. Metal sector is doing very well, still VSSL is not moving despite having good fundamentals. Seems good accumulation is going on and breakout can be expect soon.
Greenlam Industries is looking good on weekly time frame. Stock is showing good momentum since last 2-3 weeks and trading near resistance levels. Keep on radar for breakout.
Bank Nifty is looking positive till its trading above 47200. Dip near VWAP levels will offer good risk reward to reach at 47800-47900. Keep on radar.
VSSL is consolidating in a range from almost one year. Metal sector is doing well since last 4-5 months, still VSSL is under consolidation. Keep on radar. Seems good consolidation has been done and stock will perform well once trade & sustain above 52 high week zone.
Bank Nifty is looking positive today as sustaining at higher levels after gap up opening. Any dip till 47200 is looking good for long opportunity. Keep on radar. Next resistance level is 47800-47900.
Balaxi Pharma is trading near inside bar breakout zone on daily time frame. Keep on radar for breakout. Recently company has announced sub division/split of shares also. Can expect good momentum if close and sustain above Inside bar zone.
Fresh Buying at current levels might be risky considering the expiry day. As market is trading near all time high zone, can expect some profit booking. Keep on radar.
Nifty is trading near resistance levels. Fresh long at current level is not offering good risk reward. Need to wait for a pullback.
Seems, Bank Nifty is in complete control of option sellers. Range is not breaking of either side. Option buyer need to be very carefull as today is monthly expiry also. Lack of momentum can cause drawdown inspite sitting in right direction. Entry near VWAP area can offer good risk reward.
Bank Nifty is trading near resistance zone. Fresh long at current levels is not offering good risk reward. Still bank nifty is trading in a range between 46500 to 47000.
Bank Nifty is getting ready to break previous two days range. Negative price action can be seen also from last 3 hours. Seems gap will be filled on downside if breakdown sustain. Long unwinding can be seen in last 30 minutes if 46500 breaks & sustain below as tomorrow is monthly expiry also.