SHORT TERM I SEE GOOD UPSIDE POSSIBILITY+++
in short term the stock looks weak and can see more downside
it cant remain on the upside and should stay in a range of 1000 -1030
bearish on sbin for near term with a target of 320 -312 levels
dont think the 17% weightage holder of banknifty will sustain the levels and thus can drag bank nifty to lower levels ...
TATA MOTORS LOOKS WEAK!!!
it should correct from current levels and come back to its support and should show a bounce back ideally , lets see!!!!
AIRTEL LOOKS WEAK TECHNICALLY AS 1) HAD A GAP DOWN FROM HIGH 2) TRIED AND FAILED TO FILL THE GAP 3) TESTING 505 LEVELS MANY A TIMES 4) THUS A SIMPLE SELL SIGNAL FOR 20 -50 POINTS ABOVE ARE NOT RECOMMENDATION BUT THE WAY I TAKE TRADES !!!
ca be a good buy for short term !!!! lets see
hdfc bank can stay in range
i feel that bank nifty as opened gap up today and all psu gaining and seem overbaught a profit booking as well as private bank looking weak , sppecially kotak and yes bank as well as hdfc too , i think it should come down to 25400- 200 levels on or before expiry!!!
I THINK THE BANKS HAVE RALLIED TO FAAAARRR... THUS THE BANK NIFTY WILL REMAIN BEARISH IN COMING SESSIONS AND THUS WILL EFFFECT AXIS BANK AS WELL AS IT IS UNABLE TO BREACH 560 EVEN AFTER MANY TRIES , AND THUS I AM BEARISH ON THE COUNTER