Axis Bank Axis Bank is trading near its medium term support of 772 as shown in above weekly chart.Any close below 754 gives short term target of 700. Intraday Traders can use the below mentioned levels Buy above 792 Tgt 802,809 and 825 SL 781 Sell below 770 Tgt 760,753 and 744 SL 781 … Read More »
JP Associate JP Associate is approaching its short term upper trend line and trading in perfect rising channel. Any close above 37 gives positonal target of 39 42 and 47 in short term. Failure to close above 37 will see the stock falling back to 34 and 31 odd levels. Intraday Traders can use the… Read More »
Last Week we gave the Trend Deciding level as 9456 and Bank Nifty achieved all target on downside Cool 650 points on downside.Lets analyze how to trade Bank Nifty in coming week. Bank Nifty Hourly Bank Nifty on hourly chart is finding resistance at 50 HSMA,Close above the 50 HSMA@ 9066 on hourly basis will… Read More »
FIIs sold 5588 contracts of Index Future (Entered long in fresh 14889 Contracts and 20477 fresh shorts were added) worth 155 cores with net Open Interest increasing by 35366 contracts. Today’s rise also FII are entering shorts at higher levels.Also FII did lot of intraday trading which is visible from wild swing we got in Intraday. It… Read More »
IDFC IDFC after the recent fall has taken the excat support at fibo fan, and also closed above an important level of 81. Positional traders can take long above 84 for target of 89 in short term. Buy above 84 Tgt 85.5,87 and 89 SL 82 Sell below 81 Tgt 79.7,77.5 and 76 SL 82… Read More »
Rupee is trading near 69 and today after RBI intervention came down till 67 today. Below are measures the RBI and govt could consider to protect the rupee: Dollar-window for oil companies: The RBI could open a dollar window for oil companies to buy dollars directly from the central bank instead of buying from markets,… Read More »
Cairn India Cairn India has given a breakout out of its trading range, and close above an important level of 322.Holding 322 on closing basis stock can move till 343 odd levels in short term. Buy above 330 Tgt 333,336 and 341 SL 328 Sell below 325 Tgt 322,319 and 314 SL 328 Maruti Suzuki… Read More »
Larsen and Tubro LT has formed double bottom at 698. Double bottom are strong reversal pattern,validation will come when 698 is not broken for next 2 days. Any close below 698 will see the stock correcting till 665 odd levels. Holding 698 can see LT bounceback till 754 odd levels. Buy above 715 Tgt 726,737,747… Read More »
FIIs sold 20381 contracts of Index Future (Entered fresh shorts in 25388 contracts and fresh longs in 5007 Longs) worth 542 cores with net Open Interest increasing by 30395 contracts. So as per data analysis, FII’s are still entering in fresh shorts in NF and BNF,I have been cautioning from past 2 days a big downside is… Read More »
Bank Nifty Hourly Bank Nifty on hourly chart is trading in a perfect down trending channel. close above of 9846 on hourly basis the relief rally can start else we can going sub 9400 levels. Bank Nifty Daily Bank Nifty is trading at multi year low and has broken each and every support on downside.Technical… Read More »