Daily charts show no hope of recovery. In fact, the daily charts have just gotten into a bearish cross over in the EMA along with the MACD and its' histogram.
Hourly charts on the other hand give me some hope. MACD and histogram have given the initial bullish reversal pattern. RSI is in an up-trend too. The confirmation would be when the EMAs give us...
Bank of Baroda Futures
SL below:- 91.45
Targets above:- 115.00
Looks like a bullish reversal
Last candle took support on 20 EMA and bounced back which can be a show of strength.
RSI too gives a little confidence as it is above 50 and we do see a reversal there too.
Pidilite Industrie Future
SL Below:- 2361.25
Targets above:- 2569.00
A strong bullish daily candle which does resemble a Bullish Engulfing pattern.
The candle has stood strong above the 20 EMA which acts as a support here.
RSI has a sharp bullish reversal and has breached the 50 level.
Tata Steel has a huge call writing in 1300 ce. This can mean that the prices might not breach 1300 easily. Also, 1400ce has the second highest call writing volumes.
Tata Steel futures
SL below:- 1280.00
Targets: 1375.00 / 1400.00+
Uptrend is prominent in the hourly chart and RSI too has shown a reversal. The results are expected to be really...
15m chart of Nifty Futures
RSI is trading in the highly oversold zone so can expect a comeback.
Trend in the daily chart is still trading above the crucial levels so we can conclude that the fall we saw was a correction and we may see a strong bull-run here forth.
Buy Nifty Futures
SL below: 17500
Target 18250 / 18500+