Risk to reward ratio is good, we took initial position last week, It came upto 1002, but couldn’t reach our target, it made a big pull back on Thursday on F&O closing. We don’t see this turning into a bull run until it reaches 1061.35.
After heavy sell off, Bank Nifty on Correction. Last week, being short week and F&O expiry it stablised. We expect it to fall, if it reaches 11000. We target 300 points from here.
The week ended in a bullish due to financial year closing, F&O expiry and end of the weeek. We seen Reliance lost heavily, we expect it to fall further. The price around 720 a good pick for buy.
BAJAJ-AUTO price action indicates that there is a support at 1741.8. A breakout at this level may indicate a drop in the price.
We still hold to the Monday predictions for Axis bank.
BANKNIFTY price action indicates that there is a resistance at 11372.8. A breakout at this level may indicate a price hike.
We predicted Sell and the trade is ON from Friday. Please move the stoploss to 182, if your trade is still ON. If you want to place a new order, please sell at market price, target 145.65
We are bearish on Reliance, broken 200DMA today. We have seen heavy sell off on this counter. It is broken the major support. The price looks cheap to buy now, but we will wait for one more session to take a call on this scrip.
Indian Stock Markets Holiday tomorrow. Forex predictions will be running as usual.
Jindalsteel hit the resistance and couldn’t go further up. It is in downtrend.
JINDALSTEL price action indicates that there is a support at 341.9. A breakout at this level may indicate a drop in the price.