chart suggest something big , something good coming in this sector for next year , expecting a 40 to 50 % uptick in the counter !
I personally am bullish on rupee and bearish on USDINR , looking TO CREATE MORE SHORT POSITION!
described in the chart .
#BANKNIFTY for me risk reward i see good on long side , thus its better for me to go long with stop below 24800.
all levels are mentioned on the charts , take a wise decision of nifty on that basis .
levels mentioned in charts .. use brain ..
usd inr seems overbought in the current s cenario and thus i expect or see a fall in the counter to the levels of a rupee or more fall in coming days
trade with levels
the view is formed by studying various parameteres and thus i am holding a strong bullish view in the counter which may take it to the levels of even LT H in oming couple of days !
looking at the indices and sectorial stocks kotak and hdfc dragging , while all others pulling it higher , icici still has a 10% upside left while sbi will follow and will keep on making a higher high. yes bank may consolidATE as like axis bank . Indusind will approAch new LTH . and sooner or later hdfc will come into picture to keep the show GO ON !
infy given a signal to go long on friday after a consolidation now its trying to reach again to its class ! or i must say CLASS APART!
a strong upmove on the way looking at the stucture of the chart!
structure looks positive to go on long side in metals with a positional view on metal stocks , globally metals are already beaten , so a sharp up move cannot be denied !
hindzinc to me personally looks well enough to go long !
looking at the structure the stock is an amazing buy for great returns with a very little risk as of now !
i see the stock has less to loose and more to gain ! thus risk reward is fare enough to carry long!
nifty pharma was weak in the previous month while when market is setting record highs, this sector is silent as of now... as per chart it must be the one who may provide strength to nifty ! in the days to come !