mayurdharod

mayurdharod

Nifty took 407 days to correct 28% between 2011-2012 and then 552 days to recover. Similarly Nifty corrected 25% between 2015-2016 and took another year to recover from there. Are we replicating either of these now or a V shape recovery ahead?

mayurdharod

DowJones has strong support at 29500-600 levels which is also the Feb 2020 high. Below that it may test the puple support line which has been formed from the March 2020 lows which is appx 29000-29200. Dow can reverse from here and reverse. Breaking both can be a bad sign ahead for the markets.

mayurdharod

Nifty broker my previous support of 13700. The next support seems to be at 13145 which is also a major support/resistance line in the past. This level is also about 10% from the recent high of 14753. So a 10% correction from top will end here. Lets see if market falls and takes support here or reverses if anything majorly positive is announce in the budget on Monday.

mayurdharod

Reliance Industries is near the support line and possibly a doji forming. An ideal risk reward ratio to look forward for it to test and probably break the resistance line. Stoploss closing below the support line.

mayurdharod

Nifty has corrected from 14750 and had given a caution earlier. Now the support could probably be in the range of 13700-800. Which is the pervious high and also the 50 MA.

mayurdharod

Bank Nifty corrects after making a double top. 3000 points eroded almost and can continue.

mayurdharod

NSE:PVR forms a cup and handle. Buy above 1520-1525. Upside is substantial if this sustains coming near about 2000. Stop loss below 1430.

mayurdharod

NSE:BANKNIFTY has formed a double top. Ideall should correct from here and one can sell below Fridays low with a stop loss above the recent high.

mayurdharod

NSE:UPL forms an inverted head and shoulder. Watch out for a probable break out and good risk reward ratio. Ideal above 510.

mayurdharod

NSE:NIFTY has seen a very strong rally from March lows. I rentered most positions near 8500-8800 levels. Today I am exiting the market completely. I dont want to bother about further upside. Stocks may move 50-15% from here and Nifty itself may move up further backed my liquidity in the market. But this does not take time to dry out. One need to be careful and...

mayurdharod

NSE:SBIN crossed the resistance line. Headed towards 310-330.

mayurdharod

NSE:ICICIPRULI breaking out. watch out for momentum to enter. Ideal above 522.

mayurdharod

NSE:OFSS breaks out with decent volumes. Buy above todays high and trail.

mayurdharod

NSE:MUTHOOTFIN good above 1300-1320. Look for 1400-1440.

mayurdharod

NSE:AXISBANK is near the resistance line. Third attempt to break it. Usually stocks break out on the 4th attempt. Lets see Axis bank breaks or not. Volumes today indicate a good chance.

mayurdharod

NSE:NATIONALUM trying to break the trendline. Watch for momentum above 38

mayurdharod

NSE:COROMANDEL broke out today.

mayurdharod

NSE:NIACL buy above 135-140. A good consolidation and volume break out. Also a golden cross over.