Nifty may go 9400 to 9525 if sustain above 9164 and then afterwards it may show downtrend upto 8500 to 8600 .
Will publish another view on it once it closes above 9600 .To trade in this range stop loss with 8875 on closing basis.
HDFC life insurance can be bought with stop loss at 478 for target of 496 and 504. Once it crosses 504 another target is 554. This can be traded with call option of 520 .
Note:Trading and investment in stock market could cause loss of partial or full capital.
Buy with stop loss of 114.50 for target of 122 and 126 once it rached to 122 stop loss would be 120 .once it crosses 130 and contiue to trade above 130 it can he hold for target of 154. THIS VIEW if tommorw open ABOVE 118.50
Scenarios 2:If opens below 115 then sell call for target of 108 and 102 . The clsoing below 102 will bring to 88 and breakdown...
Wipro started looks going to follow ABCD pattern .This counter started revesal from 159 and gone to 202 then come down to 174 which .618 retrenchment level of AB from here it can go upto 210 and 210 .Another thing i had observed that price and volume both are shrink-ed which indicate some accumulation is going on.
I AM STARTING ANALYSIS OF ALL NIFTY STOCK IN...
Reliance looks good to short with stop loss of 1500 for target of 1400--1380 .Chart pattern indicating weakness and decrease in volume and increase in price plus good amount of call OI indicates at lower level .It can be trade with option of strike price of 1440 or 1400.