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ICICI Bank formed a bullish engulfing pattern on daily charts. Catalyzed by an order of the Supreme court, the trading opportunity is huge. Buy on open with a move of at least 2-3%. NSE:ICICIBANK

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Sell TATA motors. Sell at 130 Target at 200 MA levels of 124 SL at 135

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NSE:BAJAJFINSV

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I had given an outbreak call on ITC based on a condition. Condition being, if it breaks above 175, we could see a big move. Just look at the charts. It reversed exactly from the resistance. Now, it has moved swiftly towards the support. There can be two trades here. 1. If ITC pierces through the support, it is a short below 166. Short at 166. Target at 157....

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Bharti airtel will attempt to take a strong support around 414-415 levels. If the resistance is broken, then the down side could be huge and profitable. Sell below 414. Target at 388. Stop loss at 427.

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Indian Oil Corp. To break before 74. It has a strong support at 74.40 and if it breaks, it would have successfully broken the support after multiple tries. Sell below 74. Target at 70. Stop loss at 76. NSE:IOC

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SBI formed an evening start after an uptrend and is likely to fall till the next strong resistance. Initiate short calls. Sell at 193.5. Target at next resistance, ie, 182. Stop loss at 50 DMA, ie, 197. NOTE: Supreme court to have a hearing on the interest waiver case. NSE:SBIN

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Honestly, if there was an ever an example to use to teach someone resistance, it's this. Reverses from the trend line every chance it gets. Imagine the psychology of a trader if it breaks the barrier. Buy above 175 with an open target. It will move! NSE:ITC

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On intraday charts, Reliance is indicating weakness. If it breaks below 2227, then perfect short selling. Sell Short below 2226, Target@2173 SL@2250

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Exide industries is breaking down further from here. 162 is a strong resistance. Breaking from here could lead to a fall of upto 152. Trigger shorts @ 161. Target@ 152. SL@165

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IRCTC is on thin ice here. Weekly charts show the stock has always taken support at 1345 levels. If it closes below the levels, could be a not-so-pleasant journey for the stock. Short initiate at 1343. Target@1314. SL@1354.

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Adani Ports is on a perfect setup for breakout on daily charts. Break out above 365. Buy@365 with target of 375 and stop loss of 358.

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Nifty has shown movement of 300-500 points in the last two candles. It is headed for a movement upwards and can see a rebound at the 52w high levels but if shorts created at the level can fuel short covering, and the resistance is broken decisively, there can well be a 100-200 point move upwards.

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LT has broken resistance on daily charts on open. Slipped post open. This could be an entry opportunity from here. Buy@913. Target@933. SL@890.

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ITC is trying to break the 174.80 on hourly setup for the 4th-5th time. If it manages to break this, it could be a huge move upwards. Buy @175. Target @180. SL@169. CLSA has upgraded the stock too. This could be huge for the stock!

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Exide industries will break down from here. It is piercing through the 50 DMA downwards. Initiate shorts @ 162. Target@153 and SL@166.

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NTPC has shown lower top lower bottoms for the last couple of trading sessions. With a DOJI forming, it is a chance for the stock to reverse from here. The support at 82 also shows that there is a chance for this to reverse from here. Buy @ Stop loss 80, Target 88

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SBIN is piercing through the 50DMA on daily chart with above average volumes. If it opens higher and continues to move above the 200 levels which has proved to be a resistance before, on intraday, long positions can be made with a target of 205. SL at 195.