Nifty Futures CMP: 17562.05 SL: 17250.00 Target: 17850.00
Bank Nifty Futures show a clear breakout but the RSI shows that it is in an over bought range already. I will step back for a while and let this up-move settle before I take a trade as the risk to reward ratio is not favorable.
I have always recommended buy. I recommended buy on dips when there was a correction but now I got butterflies in my stomach. Upper level targets are 17720 to 17750 but the support is way below at 17500. The risk to reward ration is not comfortable for me to trade. You don't need no levels if you are an investor. You start investing right here, right now.
Bank Nifty Futures The chart is clearly in a downtrend and is showing weakness. However, RSI shows a clear bullish reversal and we are talking about bank nifty here so 1 strong candle has the power to change the trend. My suggestion is Buy! CMP: 36592.00 SL: 36200.00 (intraday / closing) Target 37500.00 & 37750.00
Axis Bank Futures CMP: 796.85 SL below 785.00 Targets: 805 / 810 / 815 STT
Bank Nifty Targets 37050 - 37300 SL (closing) below 36500 Buying zone 36650 - 36700
Nifty Futures Looks like a bullish flag was made and Nifty did attempt to break it yesterday itself. Let's see where we open today but I think the bull rally should be back very soon. There is a good support at 17274.50 level so the stoploss should be 17250 closing basis. Long traders should keep the targets open as the nifty still has steam and we may see 17650 /...
Looks good with a bullish ascending triangle pattern in 15m chart SL below 747.0 Targets above 770 & 790 STT
trend of Britannia looks quite strong so buy on dips buying range is around 4050 stop loss is below 4000 target can easily be 4200++
bank nifty is not strong but still the range is buying range is anywhere between 36900 to 36950 stop loss is below 36800 (intraday) target can easily be 37500 to 37700+
nifty is quite strong so buy on dips buying range is anywhere between 17150 to 17200 stop loss is below 17050 target can easily be 17500 or even 17600+
1h chart of Bank Nifty Futures RSI is showing a bullish reversal Closing today was good as it was above 36900 which is a psychological level and also the closing was above 35888.88 which was strong technical resistance.
Nifty Futures hourly chart A clean and clear double bottom (purple path drawn). Target according to Fibonacci is 16518 16281.60 (also the closing of today) is a strong resistance.
There was a bad news and the stock fell. RSI in hourly charts and daily charts is in the oversold zone. 680 hasn't been broken in months. Risk to reward ratio looks amazing. Can buy wit stop below 680 for positional trade.
Kotak Mahindra Bank Futures Hourly charts The candles have been taking but now they are too close to the support level which is at 1620. RSI is in the over sold range. I find this an interesting but to trade with stop loss below 1620
Strong reversal candle followed by confirmation candle Reversal in RSI Can buy with Stop Loss below 76.90
Tata Motors Ltd (NSE Cash) LTP: 291 Support: 306 / 312 Resistance: 285 The candles resisted 306 levels for the first time in January and took support at 280 / 285 levels in the month of March. We can understand the strength of 280 / 285 levels as the chart has been taking support at these levels since months now. Something really small went wrong on 6th July...
Nifty Futures Support: 15694 Resistance: 15897 It is evident that the Nifty Futures are range-bound since 3rd June 2021. Nifty futures did trade at the highs of 15870 levels yesterday but clearly the strength is not enough for it to sustain the higher levels. Another point to notice is that the futures are in discount over the spot prices. Nifty spot closed at...