bank nifty looks strong as the momentum in banking pack intact that pushing bank nifty higher from last weekend everything is looking good in bank nifty.at the end of day bank nifty hold huge PUT WRITING.
Now Bank nifty having strong support at 23186 followed by 22900 and the resistance at 23800.
NOTE:- Tomorrow is expiry day volatility very much...
TODAY, we achieved our target of 11550 on nifty and after the 5trading session nifty finally close above the day high and their is a huge PUT Writing on Nifty contract from (11300-11500).
Finally, nifty able to close above 11500 that must be good for nifty for further upside movement and now nifty having immediate support at 11518 which will we going to test for...
Market is very bullish on bank nifty form last 2days banking and financial sector are OUTPERFORM as GOVERNMENT announced survival plans for banking and financial sector.
banking stock Given breakout from their consolidation state and trying to reach new highs, This bullish momentum is still going to continue till the weekend for the level of 23500.
As we seen...
AS we discussed yesterday Our important Resistance (11500/11600) and Support(11400/11300) still intact.
IN today market nifty Open higher but traded flat for whole day and closed below the day high and our Resistance (11500). Currently 11500 still Consider as a immediate resistance for nifty.
As per the Last 5days trading sessions its looks like nifty moving in...
As expected nifty continued its higher top and higher bottom formation and nifty convincingly close above 420 and made a new high (11500).
but as we noticed from last 3 trading sessions today also nifty did not cross day high ( indicate nifty still trapped and untill its convincingly close above 11500).
today nifty carrying a huge OI (3617400) at 11500 change in...
Nifty 50 looks like trapped in range between 11100-11400, As we saw their is profit booking in nifty in each high and strong rally in mid-small cap.
tomorrow if nifty open in gap down or break the support of 11360 than we can see further fall in nifty to 11200 (i.e. a support of 20aug)
and for upside move nifty must have to break the resistance of 11420 and...
EIH LIMITED given a breakout from its resistance of 83 and stock having strong support at 60.10
Buy at CMP(87) or in dips
Targets:- 100 / 136
With following stoploss:- 78
Disclaimer:- Do your own Research before investing, Trade on your own risk.
Himadri chemical having 2days of bullish moves with huge delivery qty breaking the last 5 to 7 days of correction and consolidation
currently stock having momentum to move further toward 75
buy at CMP or in dip
disclaimer:- trade on your own risk. Do your own research before investing.
Stock having breakout from falling channel on weekly chart with huge momentum and bullish candle,
Buy at CMP or in a dip
Targets :- 48,70,95 (after 1st target trail your stoploss)
Disclaimer:- Do your own research before investing, trade on your own risk.
Its look like icici prudential having pullback recovery fro the yesterday low stock having nice momentum after breakout of 400 stock convincingly trading toward the blue sky territory
Today stock having huge recovery from the yesterday low and try to sustain above all its SMA and it 50SMA act as a support for the stock which is stood at 416.
Dabur india currently moving in bearish pennant pattern which may show further correction in stock.
desclaimer :-for Educational and informational purpose only trade on on your own risk.