Acc has broken a very important psychological level of 1500 and also its a Horizontal trend line break.
BataIndia is preparing for blast on the upside. Early signs are visible in 15 minute chart. Can be a positional trade as well.
It's not a positional view but purely for intraday 16th Jan. On daily a pattern is forming but that's not validated any trades yet. Considering the result is in corner better not to rely on any pattern.
I am anticipating a correction in BPCL as it got a nice rally in December. Price action will play here it seems. Levels in graph
Short @701.50, SL:704.50 Target: 695
CMP: 1653.10 Entry: 1655 SL: 1650 Target: 1664
