Nifty is trading near resistance zone. Fresh buying is not offering good risk reward at current levels. Need to wait for breakout and pullback for fresh buying.
Bank nifty is trading in a range and forming doji candles from last 4-5 days. Expected range for today can be 46300 to 47200. Better to take entry near these levels for better risk reward.
Bank Nifty is trying hard to sustain above previous last 4 days high. On daily chart, inverted hammer is forming till now. Keep on radar.
Nifty is sliding downside after trapping put writers. Keep on radar to break and sustain below 21980 for atleast 15 minutes. Can expect gap filling if sustain below 21980.
Deep Polymers is offering low risk set up. Stock is trading near strong monthly support zone. Keep on radar for closing above 106.
Bank nifty is approaching its resistance zone. Fresh buying at current levels can be risky. Keep on radar to break resistance area and sustain for atleast 30 minutes for fresh buying.
Nifty is trading near resistance level. Keep on radar to break and sustain over resistance zone for at least 30 minutes. Fresh longs at current level is not offering good risk reward.
Seems more selling can be seen on closing session. Bank Nifty has trapped fresh put writer. Keep on radar to break 46100.
Bank Nifty is not looking good for fresh long at current levels. Keep on radar for correction. Trading near resistance levels.
Bank Nifty is not giving good risk reward entry at current levels. Need to wait for pullback upto 46050-46100 before attempting fresh trade. Keep on radar.
Bank nifty is not looking good to short at current levels. As bank nifty is trading near support levels, a bounce can expect till yesterday low is protect. Keep on radar.
Bank Nifty is not offering good risk reward for long at current levels. Need to clear and sustain above 46825 for atleast 30 minutes for next resistance of 47200. Keep on radar.
Nifty 50 is consolidating in a range since last 4 days. It seems consolidation will continue till Wednesday before making any clear move on expiry day. Keep on radar for range breakout. Not a good market for positional option buyer.
Bank Nifty is looking good for reversal now. Seems bottom has been made for coming week expiry. Keep on radar till 46100 is protected.
Bank Nifty is looking for buy on dips for rest of the day now. Seems good consolidation has been done at lower levels. Market may give good bounce at closing session if today's low does not break.
Arrow Greentech is looking good on weekly time frame. Stock has recovered from strong support levels with hammer candle formation. Keep on radar for closing.
Bank nifty is trading near strong support levels now. Fresh short at these levels can be risky. Can wait for pullback.
Maruti Suzuki is trading in downward slopping channel in hourly time frame. Keep on radar. Stock is forming narrow pivot points from 6-7 days. Can expect good momentum soon. Price action with OI will help to catch direction.