Drawn the price action pattern for everyone to understand the levels for banknifty and how it works for monday. Keep this levels for reference and trade accordingly.
As per the current market trend, nifty is on selling, it can further go down on monday. Please follow the levels and have it as reference.
The static support and resistance area is marked for everyone to understand the levels of nifty for taking the trades. these lines are marked for identifying the institutional players presence and to take the right trade.
Timken seen positive in moving upward, but the rays is currently stopping the movement, once the lower levels are supported, this stock will try to move up and up.
TCS looks hot when it crosses the rays and moves up, until then the downtrend should continue, though I am bullish in this script - I will try to accumulate at the lower support areas - Resistance highlighted above the closing price acts stiff resistance, only breaking that it will starts the upward journey.
PowerIndia (Hitachi Energy) - looks promising and making higher high on a daily basis - we can see very good target in Powerindia - but i am expecting 3214 in couple of days may be on 3 trading days.
Shankara building looks positive and go long in this script for a massive gain in coming month, but hurdles are at around 709, 796, 883.. once these levels crossed - it reached 3 figures and moves on..
Cummins India seems to be in sideways - but after breaking the levels, this script should be reaching 980 and above. Rays has to allow the scripts to move higher, until then sideways.
L_TFH is still in downtrend, for any upward movement it has to cross the ray-channel and hit the levels provided at the top. As of now there is no confirmation of upward movement.
Hindalco seems to heading higher and most probably going to hit 580 and above, Initiate long position in Hindalco for a beautiful bull run.
Please watchout for the levels provided for VEDL, the rays acts like support at the lower point and resistance at higher point of contact, but positive enough for going long in this script.
Banknifty prediction tomorrow - Hopefully banknifty will cross high tomorrow.. but watchout for my levels shared in Tradingview, it will acts like resistance for sure! don't get carried away on breakouts..
Nifty budget view - this is what expecting tomorrow. We are going long and there is no need to press the panic button as of now.
Coal India seen today some good upmove, but it could not sustain in going above due to PremRay. If anyone thinking of buying this script don't buy at 160-162, instead thinking of buying around 157-158, where you get the support from the PremRays! Happy Trading.
Radico - for a while it is on a downtrend - today it tried, it has to break my rays for moving up further... cheers!
We may see a false breakout in uflex. careful... though it seems to be heading high, I am seeing somewhat trap by the institutional players.
Brigade will give a false breakout - watchout for that.. don't get into a trap.
The stock has to cool down a bit before going for any upmove - but the rays will make the stock go down.. These are the levels for KELLONTEC