Nifty clearly forming inside bars and the momentum on buying side is lacking. Expect more declines in the upcoming sessions.
STAY SHORT IN BANK NIFTY WITH SL 23230 ON CLOSING BASIS
NG proces have been consolidating @ the 23.6 fib retracement levels, any stock during an uptrend dont tend to retrace more than 50% . We are expecting NG to move upside and probably break previous or might atleast make a double top...
Watch for the wave e and then she goes down to 1200 levels
See Chart for Supply and Overbought signals. Stay short. Sell the greed buy the fear:)
Amarajabattery Entering Strong Supply Zone. Short with SL as mentioned.
Short ZEEL after retesting the neckline possible downtrend to resume
Stay short in LIC for targets specified in the chart
Price at lower BB line, CCI , MACD and price action deviation. Triple botoom all confirming for a strong rebound up to 660-670 levels.
Stay long in CEAT with SL 1520 for tgt 1600
Profit booking expected at current levels
Higher High price action , CCI & MACD showing lower low. Also Price at the upper BB line.
Watch out for Asian paints . Mite break out anytime
AMARAJA Battery has shown breakout of the trend channel pointing upwards for potential tgts 890 and 902 levels. A close watch on CCI and MACD also suggest upward price movement. One shud maintain strict SL as mentioned.
Fib levels along with Triange indicate shorting NIFTY at mentioned levels