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on February 26, 2015

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Bank Nifty

Bank nifty is forming a bearish Head and Shoulder confroming it will give downside targets of 16000

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DLF for 240

DLF is giving break out on daily charts from a triangle pattern as shown in charts. Targets of that pattern comes around 240. The stock also recovered more than 61.8% of its recent fall from 215 to 170, which says next wave can take it to previous highs of 215 and then 161.8% extension which comes around 243. So at cmp of 202 it can be bought with a stop loss of 190. Disclosure: I am not a SEBI certified analyst so please take your own call before buying the stock. Further i hold the stock in my Portfolio.

Nifty_28-07-2020

#Nifty For 28-07-2020 Support for Nifty comes at 11087-11040-10950 Resistance for Nifty comes at 11185-11240-11300 BankNifty Support for BankNifty comes at 21800-21500-21330 Resistance for BankNifty comes at 22000-22160-22350-22600 Nifty was sell below 11150 for target of 11100-11060 and we got 11087. Nifty for the day second support was 11090 and it made a low of 11087.85. Power of technicals. Fourth day in a row Nifty becoming choppy in a 200 points range. Now it is high time it should break on one side. I am expecting break out above 11250 and move to 11350-11389 in next 4 trading sessions of this week. For tomorrow i will like to buy around 11100 for target of 11200-11225 with a SL of 11040. Below 11040 Nifty can slide to 10980-10950-10910. But for tomorrow shorts are avoid. BankNifty i was expecting move to 23000 and it went below 22000. My failure. Banknifty was buy around 22500 with SL of 22300 so SL triggered in this trade....

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