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Sun Pharma has formed downward wedge shaped pattern on Monthly Charts. Although Nifty Pharma seems to be bottomed out , i dont see any reversal signs in sun pharma. Till it comes out of the wedge pattern it is in a no trade zone.

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ICICI lombard is a great buy over 1270. It is in the process of forming Mark Minervini - Volume Contaction Pattern.

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Godrej JCP has come out of channel and has made double bottom however it is facing stiff resistance on the way up. If the price sustains over 700 levels with good volumes then it is a buy. Otherwise it is a sell with a SL of 700.

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Axis bank has re-entered downward channel. It is a possible sell with Target of 627 and stop loss of 689

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Volatility contracting with a traingle formation. Price can break on either side.

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HDFC has formed a falling wedge pattern. price has moved below 200 day moving average as well. Possible support and entry at 1900 levels Second Entry with better risk reward would be 1840

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JSW Steel after forming a failed inverted head and shoulder pattern is going down. Levels mentioned in the chart.

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Bank nifty looks weaker than Nifty as it has crossed all major moving averages,nifty is still over 50 DMA. Last support is seen at 26700 which should hold well. SBIN looks very Bearish, Fresh short positions have been created in KOTAK. 20 point downside in HDFC Bank till it touches 100 DMA. ICICI Bank should get support at 400 levels, if it doesnt will drag bank...

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In the last session nifty has dropped below 200/20 Day moving average. Candle which was formed when corporate tax was lowered has already been challenged and price is below the high of that candle. Nifty has good support at 11100 which coincides with 50 DMA as well. In case price consolidates around that level then nifty can be brought.

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Below all moving averages indus ind bank is coming to its support. This is a failed triangle breakout where in a stock can form triple bottom at 1281 levels.

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Nifty Pharma has bottomed out and we can look out for some pharma stocks . Below are the weightages of top 4 stocks in the index. Sun Pharmaceutical Industries Ltd. 22.59 % Dr. Reddy's Laboratories Ltd. 17.23 % Cipla Ltd. 11.36 % Divi's Laboratories Ltd. 11.15 %

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Havells at previous 6 Month support level. On a hourly time frame a triangle has formed , Once it gives breakout we can enter at these levels.

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Nifty bank looked weaker in today session it closed between 20 EMA ( Lower Side) and 200 DMA ( Upper Side) Stocks like SBIN (Bearish) , YES Bank ( Mildly Bearish) would continue to show some weakness. Indus Ind bank ( At support ) , Axis Bank ( At Support ) , ICICI Bank ( Bounced from 100 DMA), HDFC Bank ( Trading in a Range) should keep the bank nifty...

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Price took support at 200 DMA / 20 EMA at 11250 levels. Any dip to these levels can be bought Nifty has sucessfully closed the GAP in todays session. 50 Point stop loss can be kept on this. At these levels nifty is a buy as well.

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Head And Shoulder Pattern. Target :- 1300

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Rain Industries came out of falling wedge pattern and made some handsome gains. Counter is undergoing correction wherein price can fall to the levels mentioned. Keep a eye .

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Nifty has just crossed 20 EMA @ 11515. It has entered a downward channel on 1 hr chart. Expecting Nifty to come down to 11373, to close the GAP. This is my view for next trading day only .

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Banknifty is a sell on 15 minute chart . In a downtrend to close the gap.