ICICI Bank
ICICI Bank has been falling relentlessly from highs of 935 to low of 710. Yesterday’s session stock showed a good upmove of 4% and breaking out of downward channel.
Stock looks ripe to touch the lower end of falling trendline at 792.
In Bear Market Stock which fall the most are the first one to rise and make a lower low.
Buy above 754 TGt 759,766 and 773
Sell below 743 Tgt 734,728 abd 718
Infosys
Infy taking support at 100 DMA 2600 and showing signs of recovery. It has formed an INSIDE Day candle in yesterday trading session which is a powerful signal that today we will have 2-3% rally in Infy.
Sell below 2612 Tgt 2591,2578 and 2550
Buy above 2650 Tgt 2670,2690 and 2734
Reliance Industries
RIL moved 4% yesterday but volumes were way below average of 10 days,which means we have seen short covering in the yesterday and no delivery based buying came.
Bear market rallies are backed with low volumes.
Stock is near the crucial trendline resistance of 789-792 move above it can take the stock back to 812 levels where it will face resistance
Buy above 786 Tgt 792,800 and 812
Sell below 777 Tgt 768,754 and 745
Don’t you think trading INFY above 2679 will be safe side despite going now.
sirji great work. sir according to me petronet lng is the next multi bagged stock. and it will give at least 40 50 percent in next year so keep watch and comment on the same. also fundamentally strong as well as business wise also but in bear market it will not support.
brameshji,
I apreciate ur great work, one request pls post everyday nifty analysis and levels for intraday that will be useful for nifty traders like me
thanks
regards
Dear Arun Sir,
I am unable to update daily view based on the time constraints .
I do conduct a trading course in which i teach how can NF buy and sell call is generated both on intraday and positional basis.
You can join tht course…
Rgds,
Bramesh