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BN is showing the first sign of a Bullish reversal. This is more of short covering rather than Bulls taking control. Target would be 48,900. BN still continues to be a sell on rise.

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RIL is struggling to maintain price above the Monthly Pivot and now there is an obvious rejection from the Weekly Pivot too. A short trade can be initiated up to the Weekly next swing support zone of 1215 price level. SL will be today's high.

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TITAN has seen a strong sell off from today morning after the initial first hour rally. This indicates that the Bears have control and the stock can now see some strong correction towards the 3284 levels. A Swing type trade can be initiated with a SL above today's high.

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Like it's FMCG counterpart BRITANNIA, UNILEVER too is exhibiting Bullish tendencies today morning and it looks like this counter is going to remain Bullish this week. It has broken out from the Weekly Pivot on the upside and could test 2489 price levels by tomorrow.

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Britannia price action is bullish today as it has broken out of the Weekly Pivot indicating that buyers are very much in control. Long position can be taken for a target to 5076 price level.

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Bharti Airtel is breaking out of low Volatility compression and has shot up today breaking out of the Weekly Pivot in the first hour of trading. Long BTST position can be taken for a target to 1638 levels. If Bharti closes today with an Open = High type daily candle, then the position can be held till 1662 levels.

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The weekly chart structure of Nifty is dangerous. This is a sign of clear weakness. Last week's candle is a pure bearish candle that has rejected the Yearly Pivot for 2025. This means one thing - We are in all likelihood headed for a big crash! The next logical support is around 21,100 level which I feel could also be taken out eventually and then we could see...

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Maruti price action depicts weakness. Lower highs being formed after a brief rally. This is a clear sign of reversal from the top. Short position can be taken for a target to around 11,400 price levels.

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NIFTY has rejected the Weekly Support level swing from previous week and hence this clearly indicates that Nifty is going down further. I've taken a short position till 23,135 level. This can be an STBT or Swing type trade.

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INFY is showing resilience and trading above the Monthly Pivots. Bullish price action of Higher Lows suggests that there is Buying momentum. An intraday long can be taken for a quick target to 1980 level above which there is a resistance.

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BAJAJ FINANCE is clearly struggling to sustain the price at higher levels. Notice the continuous lower highs being formed which is a sign of weakness. The Daily Pivot has also been rejected strongly in the first hour. An intraday short trade can be initiated for a target to 7200 level.

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SUNPHARMA is clearly unable to sustain above the Monthly Pivot and has gotten rejected strongly. Weekly Pivot also has not been able to sustain. The Bulls are clearly trapped and hence, a short STBT type trade can be initiated for a target to 1800 level which is also a long term trend line.

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NIFTY is showing clear Lower Highs formation on the Weekly chart. If the neck line of 23,555 will break this week and sustain till Friday (end of this week), then this can be taken as the start of Bearish trend on NIFTY as this would mean that the Yearly Pivot for 2025 has been rejected. February or March series Put positions can be built up for a target of...

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BN has broken down from the Head & Shoulder pattern on the Weekly chart. It will be interesting to see whether the sell off sustains till Friday (end of this week) If the weekly candle close if Bearish without any wick, then this can be taken as the start of Bearish trend on BN as this would mean that the Yearly Pivot for 2025 has been rejected. February or March...

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If HDFC Bank breaks the neck line of this Head and Shoulder Pattern on the hourly chart by the close of the first hour of todays trading, I anticipate that it will be testing levels of 1733 in the coming week. Price has been clearly rejected from the Higher time frame pivots and this is an indication of weakness. Needless to say, Bank Nifty view will also be in...

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If ICICI Bank breaks the neck line of this Head and Shoulder Pattern on the hourly chart by the close of the first hour of todays trading, I anticipate that it will be testing levels of 1250 in the coming week. Price has been clearly rejected from the Higher time frame pivots and this is an indication of weakness. Needless to say, Bank Nifty view will also be in...

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Happy New Year 2025 to all! As the first trade for 2025, I see Kotak Mahindra providing a good shorting opportunity. The stock has shot up today and has hit the downward resistance zone trend line. A short position can be taken once price closes strongly below 1820. Downside target - 1787 SL - Today's high.

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LTIM can be shorted on a Swing basis for January month expiry. Stock has clearly broken its neck line on the weekly time frame. The next swing is at 5300 level. We can anticipate the stock reaching these levels by end of January 2025 as the sell of pressure has been tremendous.