NSE:NIFTY can witness bearish divergence in nifty(5min and 15min) and bank nifty forming lower high format. If nifty also forms a lower high a good profit booking can be witnessed below the lower low format
NSE:BANKNIFTY a 15min close below 33800 can initiate profit booking till 33300 banknifty still trading below 34286 which is previous major swing high
watch for 15 min close above 1235. can give good upside move NSE:UBL
NSE:NIFTY an indecisive data on nifty. Important levels are marked on the chart. I cannot clearly take a directional view for tomorrow and I will be watching the market tomorrow. Technically the downtrend line is breached; not a great closing but RSI bullish divergence on 15min is supporting this. From previous week onwards the selling momentum is there in the...
NSE:JUBLFOOD after breakout, it made a symmetrical triangle now..watch these levels for morning scalping.
NSE:TATACONSUM ascending trianlge pateern.
NSE:NIFTY On Monday i updated that market has lost the buying momentum and FII's where never on the buying side aggressively and market may correct till 14700 (you can read on my ideas section). Tuesday and wednesday that happened. Looking at the global markets and the local cues it looks like market is bearish for the short term. FIIs aggressively selling and...
NSE:BANKNIFTY These levels are important for me tomorrow
NSE:ICICIPRULI Stock rallied and consolidated at the top in between 552.25 and 574.75 rsi divergence can be witnessed in daily time frame and 1 hr time frame 5min close below 552 can give good downward momentum
Lupin made a lot of indecision candles in the daily time frame and last Friday it made a Doji there is slight rsi divergence in the 1hr chart. it broke a small triangle retested and trying to make a low below 1193.which is also very good support. short below 1193 till 1182 book partial profits in between
the levels did not trigger on Friday but we have better entries now. Broke the trendline on Friday retested and again trying to make a low. Lower lows are made and currently it is mahing a h&s pattern before a breakdown Good short below 700 and 690 will be a easy target. Book partial profits at 696 NSE:SUNPHARMA
NSE:TATACONSUM taken support at long term trendline (red) and moving up. it can move to both sides.
NSE:NIFTY As I said yesterday markts were ready for a bearish momentum and both the levels 14770 and 14800 has been respected beautifully today. market rallied till 14900 after gapdown open and then plunged in the institional zone and reached 14800 and took a mild support. I am expecting market to have a bearish bias tomorrow. Reasons: sell of from 14900...