1.CANDLESTICK 1HR CHART BEARISH DIVERGENCE FORMED 2.FUT DATA Change in OI -2.55% Long Unwinding Change in OI +5.47% Short Buildup (Bank Nifty) 3.Option Chain Analysis Weekly Bearish Heavy Call writing & Put writers Unwinding Monthly Bearish 17000 Strong Support Support 17,200 / 17,050 / 16,930 Nifty Closing Below 17,050 on 1 HR Chart we can see fast...
BANK NIFTY Bearish Divergence formed on 15 MINS & 1HR time frame. Heavy Short Buildup on Futures Change in Open interest 5.47 % Strong Support at 35,730 / 35,600
Trade Setup for 28 March 22 Bullish Divergence Formed on 15mins. One can go long if gets the opportunity at 09.30am at 1952-1955. Strict SL 1945 on 15 mins time frame to be kept. Further SL should be trailed. Resistance 1 1972 Resistance 2 1990 Expecting some Short Covering here. Note: If Stock Closes above 2008 on Day Closing we may see Trend Reversal in Stock.
ALKEM LAB LTD Bullish Breakout Bullish Divergence Crossed 200 EMA after Long period of Time. One can go long at 3500 level. SL 3350 Or 200 EMA.
Bullish Breakout Bullish Divergence One can go Long at Current Level SL 1475
AUROPHARMA Bullish Breakout Stock has corrected almost 45 % from its All Time High. Stock is been trading in Narrow range of 600-650 since last Three months. Looks like it had completed its accumulation phase. Expecting Whole Pharma Sector to perform well in coming FY. One can enter at current levels SL 640
AUROPHARMA Bullish Breakout Stock has corrected almost 45 % from its All Time High. Stock is been trading in Narrow range of 600-650 since last Three months. Looks like it had completed its accumulation phase. Expecting Whole Pharma Sector to perform well in coming FY. One can enter at current levels SL 640
Metropolis Healthcare Ltd Stock had corrected 50% in last quarter since its All time high made in Dec 21. Stock at Strong support range of 1800-1900. one may consider investing in Staged manner or may keep on watchlist. If someone want to invest may consider of putting 1/5th at current level with SL of 1800. Reduction in Expense may Improve Balance sheet. One may...
COROMANDEL INTERNATIONAL LIMITED CMP RS 850. One can add to Portfolio if gets opportunity to buy at Rs 800-820 Level. SL 200 EMA.
Bullish Divergence Setup Breakout One can go long at RS 730 if gets opportunity. Sl RS 675
SHYAM METALICS AND ENERGY LIMITED LTP RS 347. One can buy at CMP and avg at 320 level if gets opportunity to Avg. SL 300
HERANBA INDUSTRIES LTP Rs 650 Resitance at 700 SL 630
IPCALAB Long Positional Setup LTP Rs 1030. SL 950
Long Positional Trade BULLISH DIVERGENCE CMP 1650 SL 1550
Today nifty closed at 17,210 level. It was an interesting closing since it broke some of imp key supports. As since last 4 months FII"s are on heavy sell mode nifty didn't loose much max 8 % from all time high. Since DII"s supported the market. Today us 10yr bond yield at 1.93% at near 2019 from where it dropped below 2 %. Expecting it to be smoothly going above...
ONE SHOULD BE CAUTIOUS : RIGHT TIME TO BOOK PROFIT? STRONG BEARISH DIVERGENCE SPOTTED ON BOTH 1DAY & 1WEEK TIME FRAME FORMED. FII CONSECUTIVE MONTHLY SELLING SINCE APRIL 2021 (APRIL-12700cr, MAY-6015cr, JUNE-26cr & JULY-500cr) July fig as 12-07-21
ONE CAN GO LONG AT THE CURRENT LEVEL TGT1 3085 TGT2 3400 SL 2750
STRONG BEARISH DIVERGENCE FORMED IN NIFTY. IF NIFTY CLOSES BELOW 15600, ONE CAN EXPECT SOME GOOD CORRECTION DUE TO PROFIT BOOKING.