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Godrej Properties has found support in the region of 1550 level and bounced. One can go long above last weeks close with SL @ 1540 level. Expected movement - 1766-2012-2106-2177

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Looking at the OI of Nifty50, It has highest CE writing @18000 and highest PE writing @ 15000. Looks like Options writers have written short straddle @ 17800 strike price suggesting a range bound movement for Nifty for the next. Week. The range could be 17600 on the down side and 17900 on the upside.

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Bank Nifty futures formed a low @ 34123 in Dec21. In the last week of Dec, it came close to this low @ @ 34264 and bounced back sharply. BNF completed a 5 wave impulse downward movement @ 34123. It is now in a corrective wave and presently in Wave 3 of this correction. BNF could attempt a pull back to 0.618 fibo level of the entire down move from 41820 to 34123. ...

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If Bank nifty is able to hold 34100, then we could see a pull back rally. Close above 35550 could lead to short covering which can take the price to around 37000 levels.

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Natural Gas is at resistance zone of 304-310. Stron close above 310 it could reach 325 and on crossing can see 340 levels due to Candle shunting

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The stock has given a BO with a strength candle. If it manages to cross 1050, stock could give sharp rise due to Candle shunting.

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Tata Steel has completed one large a-b-c and seems to have formed a botton at 1063. It could now attemp a pull back. One can go long above 1138 with a stop loss @ 1100. Possible target are 1220-1280 by 20.12.2021

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Nifty hourly chart - till the time the upper boundary of channel is not brokern, it will be sell on rise only.

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Nifty has given a break out from H&S pattern. Also Nifty is in a corrective mode forming broader a-b-c pattern. IMO the opinion that target on the down side for Nifty works out to 16600 levels.

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Nifty closed yesterday with a Strong bullish candle. Probably one leg of a-b-c correction seems to have come to an end. Nifty can give a pull back to 17600 - 17850 levels. If we see reversal PA at these levels, Nifty is likely to head towards 16600 levels

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Looks like Nifty has completed its 1st corrective forming forming an a-b-c. It yesterdays low holds, we can see a pull back rally to 17900-18100

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Nifty - Needs to hold 17800 below which may see the level of 17600-17300

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Stock has formed a H&S pattern. Close below 17515 can drag the stock to 16250 level

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If stock is able to give a BO above 75.50 levels, stock could head higher to 95-115 levels. Also it would be a BO from Inverted H&S pattern

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Stock has given a break out after long consolidation. Must keep this in watch list

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Khadim - Looks like it has made a rounding bottom made. Above 355 stock has long way to go

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Tata steel - doing a complex correction forming a double Zig Zag or WXY formation

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Stock looks to be consolidating. Would like to go long above 710 with SL below 700 for initial target of 726-756. CS during down trend