nifty: 75 min chart ...14700 will act as support and pharma n IT will act as support to mkt, TCS results on monday. therefore, if mkt gives reversal sign at 14700 level then i will enter it 125 points sl as long but if this pink line breakdown given then its trigger for sell.. positionally
nifty monthly oi data: 14k and 14.5k has huge oi on put side 42k...
on lower time frame upward channel breakdown with breakdown - retested. keep it on radar below 354 there is gap too. (short Side) on day time frame RSI -ve diversion with bearish candle but it required followup selling so watch below 354 above 365 view is neglected.
on month of feb motherson given breakout of rising channel/wedge that breakout retested in this correction earlier gap filled presently given neckline breakout means short term trend reversal so technical says it ready for new high with support of 205 on closing basis. t1-224/230/235
Sunpharma: daily chart at the edge of neckline breakout/triangular breakout with apna wala candle formation (bullish Candle stick pattern) with good closing in last treading session keep it on radar above 613 for short term (5 days). t1-621/628/635 with support of 605.90