Nifty gives breakout from previous resistance level its better to wait for some retracement on Monday morning then took entry on some strong candle.
Bank Nifty formed a clear cut Inv. Head and Shoulder pattern and gives breakout but here is a supply zone pending if able to successfully clears then will proceed further to TGT level or will bounces back.
When nifty bounces back from support there are possible two outcome we have to see whether there is a breakout or the Sellers overwhelm the market.
We may see the levels of 210 in upcoming sessions if it broke downside
Heromotoco is a possible shorting opportunity for target of 2400 in coming days if broke below.
Axisbank a candidate for up move as it is around minor resistance may move till 420
Minor resistance possible down move is due in coming sessions.
Possible resistance just upside Buying when crosses above 428.50 when crosses for TGT of 436.25.
Bank nifty trading in a Wedge pattern possible upside move for TGT 22100 on safest side and if Channel breaks downside would be 21100 for Moday trading session. Buy future above 21554 for TGT of 22200.
Heromoco is trying to break below 2530 short below 2530 till target of 2500
Infratel at support if broken could be a good Short setup for tomorrow. Wait till support range of 218 to 220 broken.
A possible quick up move we can see after some retracemen till 3000
Huge resistance at 160 may go long for more than intraday if crosses 152.30 for the target of 160.
Nifty formed a Pole and Flag Now interesting to see will it break fal to downside if yes then TGT will be 10550. Share your views
Nifty is under buying pressure also having support at 10800 will look for buy if crossed today high for the 10900 and 11000 as at that level there are possible resistance.
Banknifty broke its old Resistance High with conviction next stop in near term would be 23000 and after that 23500 for at least short term.
Nifty possible upside move for at least Monday.