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COAL India has been trading in down trend and has been trading in a channel except few false breakouts, the stock is approaching channel resistance and have limited space,it is better to short at slightly high around 304 with a target of between 275-280 in near term.

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NIFTY has been trading in down trend and seem to have entered in to bearish channel and approaching the channel resistance around 8250, traders may enter long with a target of around 8250 in a week end.

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Sun Pharma has been trading in down trend in a channel respecting support and resistance it has already touched the channel support and approaching the channel resistance around 650 in near term, traders may enter long in sun pharma slightly lower price as it may again retest 600 the support before going up.

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Apollo Tyre has been trading in down trend and forming a bearish flag pattern and approaching the bearish channel resistance also, traders may go short on slightly higher price with a target of 175 in near term if broken this level then next target may be around 160 in short term.

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Bank NIFTY has been exactly trading as per previous analysis and it closed yesterday making a shooting star pattern, traders may to short in Bank Nifty with a target of around 17000 which is crucial 50% fibo level also.

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NIFTY has been playing with traders, today it closed above the trend line but closed almost inside the previous trend making a false break and forming a nice shooting star pattern means profit booking dragged nifty again in the same direction,traders may go short NIFTY again with the same target 7895.

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CIPLA has been retesting resistance but unable to breakout upside, it seems to be approaching the crucial 50% fibo level around 537 in near term, it is trading inside the bar and may to downward. traders may go short CIPLA for a target of 537 in near term.

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What a beautiful close NIFTY tomorrow, What's next NIFTY has stored today breakout or trend continuation. as nifty has been trading as my previous analysis, it tested the resistance tomorrow but NIFTY may continue trend and again come downward to next target 7660. traders be ready if open above trend line go long else go short.

nextgen Updated 

Apollo tyre after breaking the bearish channel seems to be struggling to break long term resistance (198) 38% fibo level. traders may enter long only if it open above the resistance then it will trader higher else it will trade further down with a target of around 187 in near term.

nextgen Updated 

Asian Paints has been falling nose down, it doesn't seem to be looking strong enough to see upside movement, also it has broken long term trend line and has been approaching long term support around 831-830 in near term, traders may enter short asian paints at cmp.

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Maruti has sustained down trend and gradually trading in channel, it closed on weekend forming bullish engulfing pattern, we may see further upside in Maruti till the target of 5488 as channel resistance.

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ICICI Bank has been trading in channel and it closed on weekend touching the support also the 50% crucial fibo level,traders may enter long ICICI Bank with target of around 285-290 in near term and next may be above 300. also watch out breakout downside if channel breaks exit with small stop loss.

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NIFTY has been gradually approaching target of 7905, it closed on weekend making low 7942 with forming doji pattern means market is unsure whether to go, the situation can either side on Monday but probability is to go short till target 7905 if this level broken the 2nd is 7652. traders may enter short as upside is limited around 8052.

nextgen Updated 

NIFTY has been trading in the same direction as previously analysed, it is not showing any strength to see upside movement, we may see nifty to trade in the projected target of 7905 as previous support level and 2nd 7652 in near term. Nifty has to break the trend line to see upside.

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Adani Ports after breaking the uptrend has been retested the resistance and it has reversed touching the resistance,traders may go short in Adani Ports as first target of 261, and second target 248 second target in near term.

nextgen Updated 

CEAT Ltd. has been trading in down trend and in a channel, it seem to trade in further down trend with a target of 1160 first and if broken 1072 next target the crucial 50% fibo level.Traders may enter short in CEAT with target 1160 in near term.

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Yes Bank has been trading in down trend in a channel, it has touched the channel resistance and approaching the channel support or crucial 50% fibo level around 1037 in near term, traders may enter short in yes bank with target of 1037. it may retest the resistance once again if market go green then short there.

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Infosys has made breakout, it is looking strong to go upward with a target of 1st resistance around 1063 in near term. traders may enter long in INFY upto 1063.