watch out for HDFC and HDFC Bank Buy above 43029 Target 43134,43228,43307 Sell below 42622 Target 42460, 42322
ASIANPAINT looks good if it's break the trend line resistance of 3022 to 3044. Buy above 3060 SL 3030/3022 Target 30107,3159,3205,3244 Risk to reward ratio is 1:2 to 1:6 If you keep trailing your SL.
Failing wedge pattern Dabur above 548 targets 571, 601,622, 644
ASTRAL formed Morning star pattern and looks good to buy Buy Above 1400 Sl 1382 Target 1418, 1438,1468 (Risk to reward 1:4) Check with your financial advisor.
MPHASIS Buy above 1858 Sl 1814, Target 1925,1984,2053, 2145
double bottom breakout in canara bank. Canara bank above 319 SL 309 Target 327,337,348,358
Buy above 43500 Target 43597,43689 Sell below 43477 Target 43419, 43307 if banknifty breaks 43500 level there could be sharp sell off possible and today can be range bound as yesterday was fast move.
BUY Above 19516(FINNIFTY 19450 CE) Target 19561,19651,19775. SELL Below 19391(FINNIFTY 19300 PE) Target 19269,19169 looks bearish as multiple times rejected at 19516 level in daily timeframe if it sustains above 19516 levels for 5 mins and check for bullish confirmation
TATACHEM formed head and shoulder pattern and it can go down up to 920 level. Plan for a short position on below 953 with SL 960 and targets 943,933,920
Finnifty might be range bound and will expire below 18500 levels if it's going below 18792 on monday. BUY Above 19184(FINNIFTY 19100 CE) Target 19241,19283,19391 SELL Below 18984(FINNIFTY 19000 PE) Target 18915,18836,18792
Private sector banks are being dragged down nifty. Specifically HDFC twins. Market can be range bound between 18045 to 180145. Buy above 18147 (18100 CE) Target 18184,18367 Sell below 18045, (18100 PE) Target 18002,17944,17887,17858 Nifty weekly candle stick pattern indicates Head and shoulder pattern as well.
INDUSINDBK looks like breaking the double top (M) pattern. Sell below 1055 SL 1067 targets 1037, 1021,1003
Buy above 18267 (18100 CE) Target 18319,18367 Sell below 18168, (18150 PE) Target 18115,18045,18002 if nifty goes below 18168 then who ever bought will become seller as they will see the loss in there account(s).
BUY Above 19200(FINNIFTY 19150 CE) Target 19230,19265,19340 SELL Below 19165(FINNIFTY 19100 PE) Target 19109,19035 OI data indicates 19200 is strong resistance and 19100 is support. so today might be the range bound(sideways).
Sell below 18090, (18150 PE) Target 18077,18002, 17894, 17867, 17802 Buy above 18125 (18100 CE) Target 18210,18250 OI Data indicates Strong resistance at 18200 and 18000 is support but it might break after looking at the global market and FII has increased there short positions and reduced the long positions. Nifty also forming head and shoulder pattern in...
Sell below 43361 Target 43305, 43184,43000, 42922 Buy above 43463 Target 43506 OI data 45000 is strong resistance and 43200 is support with 10 lacs additional put writing if it breaks then next level will be 43000.
PIIND gave good breakout of W pattern (double bottom). we can plan for buy above 3432 SL 3377 Target 3499,3632,3805 with risk to reward ratio being 1: 2 to 1:8
SELL Below 19265(FINNIFTY 19300 PE) Target 19163,19109,19035 BUY Above 19035(FINNIFTY 18950 CE) Target 19113,19265