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Mahindra & Mahindra has continued in bearish mode from last three months, it has touched trend resistance and we may see further downward movement in this stock with a target of 1294.00, traders may go short in this stock with a target of 1293.94 for better entry price wait for stock to move slightly upside, after reaching this level we may see further downside...

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Lupin Ltd. trading in consolidation for long time and now it is again touching the strong support 1391.26 and we may see this stock to go upward with a target 1st 1543.89 and 2nd 1641.00, trader may enter this stock long but wait till retest of support again for better entry price between 1395-1400. risky traders my enter a cmp with stop loss 1380.00

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IDBI Bank trading in a channel since March'16 and gradually forming a wide wedge, it is touching the channel support 68.60 and very good opportunity to enter long in this stock but wait to see breakout if breakout occurs it will trade downward but chances are very thin to go down, risky trader enter long with small stop loss with a target of 81.00 in near term.

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Bata India fell nose down in August'16 and has been continued in the bearish mode,it formed a bearish flag,and has completed almost 80% flag pole target and preparing to trend reversal, we may see this stock to retest again the support before breakout. trader may go short up to 448.50 and wait for direction, it may consolidate also before breakout. we may enter...

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Ambuja Cemnts touching its long term support 236.90 and has retraced to 61% fibo extension, also forming a falling wedge which combines an analysis that stock is ready to breakout upward, risky trader may enter this stock at CMP and conservative traders may enter after breakout of wedge upward 247.00, this stock may retest the former level of 280.57 in near term.

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Adani Ports after trading 3 month in consolidation took breakout alongwith false break of the existing trend and again moving in the same direction, now Adani Ports is touching its long term channel support 288.00, its a very good long entry point to enter this stock, if breakout doesn't occurs, we may see further upward movement in this stock to its next short...

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Tech Mahindra trading in its bearish channel, and continue to struggling to break channel but unable to break channel to move upward, we may see a slight upward movement up to its channel resistance 440.00, if it breaks 440.00 then trend will get change otherwise it will target to its long term support 407.13, this level is very crucial and will decide further...

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Yes Bank after a long up trend journey completing almost double the price in 9 months, broke at 1313.00 and breaching this level it traded side way to form bearish flag pattern. pattern confirmed after breakout. there may be a projected target of 1050.70 in near term.

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Kotak Mahindra Bank after retracing 50% to its short term trend and moved up again and further retracing to a target of 785.00 before moving in upward direction. trader may go short up the target of 785.00, and wait for situation breakout or upward movement. risky trader can go long at 785.00 with small stop loss if breakout occurs.

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JSW Steel after breaking the long term up trend moved into consolidation further falling and forming a falling wedge. it may further go down up to 1537.00 and touching this level we may see upside movement when breakout occurs. risky traders enter long at 1537.00 or may wait to breakout of wedge pattern with a target of 1800.00.

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Ceat Ltd. is trading in bearish trend and seem to touch its long term support 1181.80 and may go upward if breakout didn't occur, else it may further retrace up to its next support somewhere between 1100-1095. trader may wait and cautious at 1181.85 and enter according to the trend. if breakout prevails then go short or if reverses then go long.

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Bajaj Auto breaking the channel and retesting the resistance repeatedly and struggling to break resistance 2860.00, it is looking weak to go further and may approach to its near term support and 50% retracement to somewhere 2650-2648. risky trader may go short at current level conservative trader should enter above 2870.00.

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ICICI Bank after trading within channel and touching 290.00, it is trading towards channel support to somewhere between 260.00-250.00, Traders may go further short on ICICI Bank up a target of 260.00, in near term one can stay short in ICICI Bank.

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Aurbindo Pharma is looking to trend reversal as today touching its long term channel, tomorrow it may change its trend and is very good opportunity to enter this stock. Before entering wait for breakout, if breakout occurred it will go further down for a target up to 720.00 on the other side if go up then next target may be somewhere above 900.00

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Apollo tyres is looking bearish and approaching to near term support to 190.23-190.00, further upward may be seen tomorrow if market open green up to 204.00 else it may seem to remain in bearish mode. trader may go short in Apollo tyres for a safe target up to 190.50.

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Crude oil continue to go downward since last inventory report to yesterday report and OPEC denial mode of production cut, crude oil looking weak and may go further down to its support $43, risky traders may go further short, conservative traders wait for tomorrow till NFP data as better numbers can give crude some spike up to $46.

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NIFTY is about to break its support 8514.00 and may be approaching target of 8294.00 near term. it may open up and may go up to 8620-8630 or if open in red if may be touching 8294.00. also forming a triangle pattern but wait for breakout and enter.

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OMGC approaching a target of 270.00 to its trend support, trader may go short till 270.00, if it breaks 270.00 level then it may go to next target 242.84 which is seems strong support. alternatively if it bounce back touching 270.00 it will further go upward with a target of 295.00