If nifty closes below 8940 this week there's a possibility that it could test 6977 which is 2016 lows.
The possibility of visiting 8900 is very much there, trade cautiously.
NIFTY doesn't look good at the moment, The first major support is at 11600.
Telecom sector's lone warrior is at all time high, first time since 2007. if government provides some relief to the sector this will get benefited. Keep in your watch list.
On the back drop of budget in few, keep this in watch list,
CMP 262 and if it sustains above 283 it can go up to 466 in next 2 years.
Keep in your watch list #CARE can give another 15-30% very quickly.
Watchout for 72, if it breaks significant upside will be there
There is gap at 11170 - 11225, It may be filled in the coming days.
11350 Can be crucial support and if it is not holding then another stop would be 11060.
There's strong support around 2325-2360 if that is held it can touch 2160 once again
The expiry dont look good, If Nifty not holding the range 11550-11450 it will fall all the way to 11082. Further downside is expected if that support breaks. A possible visit 10800 may not be ruled out.
short term target 6662
SL as per your risk apatite
DHFL can do 220-240 in short term.
Stop Loss could be 156.
Manappuram finance is at crucial resistance level. Keep an eye on it.
The down trend seems to be over and it is important to sustain 95-96 levels for the uptrend to continue. It can be bought around current levels for medium term investment.
Though it seemed like a double top after hitting ATH, On weekly charts it is still not weak. Need to fall further or bulls will be back in the game.
Seems like nifty made a double top, should be corrected ideally. Trade cautiously.
Good breakout with volumes, can touch 70 in medium term. Keep an eye on other metal stocks.