As you can see in the chart that reliance is in strong downtrend from the 1400 level. Also, there is a gap between 1278 to 1303. It is taking support from 1303 -1307 and show a bounce back. Also, there is a 100 DMA @ 1302. 1335-1340 is a major resistance and there is a huge OI in 1340 call writing. So it is difficult to sustain above 1340. So now 1340 is major...
Hello, AS you can see in the hourly chart this stock is in strong downtrend from 1074 level on the hourly chart. If Ajanta pharma will not sustain above 980 on the hourly chart then it may test lower levels @ 920 and 900. If it will sustain above 980 then also there is a major resistance @ 1000-1010 level. In this scenario, the best way to trade is sell 1000 call.
Micros and Global markets always impact on Indian stock market. I am sharing some interesting data for Currency, Crud, DJI and Hang Seng. USDINR give a breakout on yesterday. It may test 70-70.16-17.36 levels in the short term. For the Brent Crud, $64 is major resistance. Above $64 it may be strong and below $64 it may test $60 - $58 levels. DJI major...
USDINR @ Make or Break Level : Please see the levels in the chart
I have shared a Buy idea in this stock on 2nd May @ 102 level. Today this stock made a high @ 136 and it is a clear breakout closing above 120 level. Still, it is a good chance for fresh entry after a breakout.
Sideways Zone Breakout in PI INDUSTRI above 1750. Also it is in a strong Uptrend from 2018.
Today Bank Nifty Closed above it's 20 DMA. Tomorrow If Bank Nifty will able to sustain above 31050-31000 then we can see a strong bounce back to 31400-31500 but another side if Bank Nifty will sustain below 30900 and will give closing below this level then the view will be negative and in the short term it may break 30600 support.
Titan is closing all-time high from last four days. Buy Titan If it will move above 1300 and manage to sustain, with the stoploss of 1288 for the target of 1320-1325.
Auro pharma is a strong downtrend. It's trading range is 560 to 660. Daily closing above 660 will be a trend reversal for this stock.
As I shared in my daily Nifty Outlook post I have mentioned that 11830-50-70 is a perfect level for buying. In the sideways market, should not take a very short term view, wait for a lower level to come and show courage to buy from the lower level. Today Nifty bounced from it's 20 DMA @ 11820. 11760 To 11850 is a major supports for Nifty on daily chat and Nifty is...
Buy TCS with the stop loss of 2240 for the target of 2290-2300. I am holding TCS from the starting of this expiry from 2100 level because I don't believe in any indicator or trendline or anything. I never use a candlestick chart. Price action is a biggest indicator in the market.
CONDITIONAL BUY: ABOVE 1337 with the stop loss of 1320 for the target of 1345-1350-1360-1375
CONDITIONAL BUY: Buy if it will sustain above 575 in first 15 mints with the stoploss of 569 for the target of 584-593
There are two Zones in Bank Nifty: 1: 30600 to 31250 2: 31250 to 31750 Long Side:- If Bank Nifty will sustain above 31050 then it may test 31200-31300. 31200 to 31300 is a no-trade zone because maybe profit booking may come @ this level. But if it will manage to sustain above 31250 to 31300 then it may test...
Please see the levels and data in the chart.
Buy above 3560 with the stopl loss of 3540 for the target of 3575-3590-3600