Vednata has been trading in uptrend really and doesn't seem to stop, it is now on the short term channel support and may go further down to next support around 233 only if it breaks the 245. short only below 245.
Bank Nifty has been showing strength and may continue rally up to 20500 as previous resistance in near term, traders may go long Bank Nifty with target 20500.
NCC Ltd after breaking the trend line it has been trading towards retesting the resistance level around 90. we may see the stock to target 90 level in near term.
Allahabad Bank has been retracing after falling to 61% fibo level and breaking the levels its approaching the 38% fibo level,There may be buying setup after the breakout of resistance 70,buy above 70 is suggested else short with target of 63.
NIFTY shown positive move after the budget announcement and looking towards 8840 level in this week. Nifty broken resistance and targeting the next resistance 8840.
ICICI Bank has been trading in rising channel and trading in narrow range, it is trading at short term channel resistance and seems not to make breakout to enter into next channel. traders may go short up to the target of 258 in near term.
DLF has been trading in down trend but after a sharp fall if retraced and traded in a bearish channel it closed on channel resistance and may trade towards the support around 120 in near term. traders may short DLF with target 120 and SL 142.
NIFTY's last week rally seems to be continued in coming week, nifty still has some room upside up to the target of 8840 which is strong resistance.
NIFTY has shown strength in last session,now it is on the point where it can go either way, if open above the resistance 8603 it may see further upside up to 8840 else it may fall to 8400 again. trade nifty according to breakout either side long or short.
GMR Infrastructure has been trading in a channel and approaching resistance,traders may enter short at CMP with a target of 12 in near term SL 13.20
Gail has been approaching rising wedge resistance 475,traders may enter short with SL 480 with a target of 445 in near term.
Adani Ports has been forming a rising wedge and approaching the resistance level around 317-320, traders may enter long at CMP with a target of 317 in near term
Maruti Suzuki gearing up for breaking its previous high 5932 level in near term, traders may enter long with a target of 6100 in near term. SL can be 5650.
NIFTY shown some strength today and this may last up the target of 8465 which is again a resistance level if breaks this level the further upside may be seen. traders may enter long at CMP with target of 8465.
CIPLA has been gradually trading upward in a channel and it approaching support,traders may go long at 570 with a target of 610 in near term with SL 560.
Hindustan Petroleum has been in uptrend and become more then double in 11 months, it has been trading at channel resistance and may target towards support some where between 450 in near term or it may break the channel to go further upward so SL is small 505
TCS after a down trend has been rebounding and trading in rising channel it has retested today support level and may target resistance of 2424 in near term,traders may go long in TCS for target 2424.
NIFTY rising triangle pattern breakout occurred today, NIFTY may see further downside up the target of 8150 as near term 38% fibo level.