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Bharti Airtel looks Weak and has been selling off right from the start. As you can see it has clearly rejected the Weekly Pivot which is a sign of weakness. I have taken a short position for Target till 1526 level only. This could either work out Intraday or STBT.

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Like, Nifty Bank Nifty also continues to be Bearish. However, here the fall is quite distinct after being in a channel. (Refer to my Nifty Pre market report). BN has broken that channel and now the next support could be in the form of the Daily Trend line as shown. Presently, the 200 DEMA could act as a mild support. For the current week, I expect BN to...

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Nifty closed the previous week with a strong Bearish candle continuing the bearish sentiment that has been prevailing in the markets from 30th September, 2024. As we can see in the Daily Charts, there has been continuous selling each week. We have already witnessed 2 complete legs of selling from the top. I believe we could be now in the 3rd leg of selling....

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Maruti is showing intraday weakness. Clear rejection level from Daily Pivot. Target - 10,900

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Clear rejection of Daily Pivot level on Nifty similar to BN. Intraday short has been taken for quick target to 23,420 only.

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I have taken an Intraday short position on BN. Clear rejection from Daily Pivot zone. Target - 49,545

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Like BN, Nifty too had crashed severely yesterday. After the considerable fall yesterday has now reached a vital Monthly Support Zone which also has a strong confluence with the 200 DEMA. There was some last minute buying activity that happened yesterday which would mostly have been profit booking for all short positions. Again, it would be advisable to not...

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BN after the considerable fall yesterday has now reached a vital Monthly Support Zone which also has a strong confluence with the 200 DEMA. There was some last minute buying activity that happened yesterday which would mostly have been profit booking for all short positions. Today, my view is that BN could remain in sideways territory after the great fall. In...

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LTIM is a resilient IT stock amidst a falling Market. The price action on this scrip has been quite Bullish this month. Those looking to play in the F&O s pace can build a long position once price closes above 6000 level today or tomorrow. Target would be 6300. Either go for an ATM or slightly OTM option.

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Kotak Bank looks super weak as is the case with overall Banking sector. Short position can be taken for this Month expiry. Target - 1665 only.

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Nifty has broken the Daily Pivot and is weak. I have taken an intraday short position till Daily Support-1 at 23,985.

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Nifty is reversing on a short term basis. I have taken a Long position for a Weekly Target of 24,525. SL will be the current days Low.

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BN formed an indecisive Doji type candle with a negative Bias last week. Quite similar to Nifty. BN unlike Nifty continues to trade in the range from 50,500 (Lower) to 52,450 (Higher). We can anticipate 50,800 to be tested this week. However, if 50,800 also breaks, then we will need to see the intensity of the break. In the coming weeks perhaps even 50,000...

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Nifty formed an Indecisive Doji type candle with a bearish Bias on the Weekly chart. The overall sentiment remains firmly Bearish for now. While there was a bounce from 23,850 levels, that bounce was unable to sustain. I had already taken short position on Swing basis on 7th Nov with a plan to hold it till 23,550. (Refer to my earlier posts). ...

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Heromoto Corp is looking structurally weak. Lower Highs being formed. A short swing type position can be taken for a target of 4555. Anticipating this level to be hit within the next week or so. Definitely in the November series.

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Once BN breaches 51,609.05 i.e today's Low, short trade can be initiated on intraday basis. First Target 51,380.

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In Continuation to my last post on Nifty yesterday, i.e. 7th Nov 2024, we can clearly see the weakness in Nifty that is prevalent. A Head & Shoulders pattern is developing on the 4H chart. Clearly, the buyers aren't able to sustain momentum and this typically is a sign of overvaluation. While there may be sharp rallies to the upside, these will most likely get...

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ICICI bank is forming Lower Highs from the peak and I believe that it has exhausted strength from the Highs. Today's Daily candle suggests strong selling from the top and hence I have taken a Swing basis PE position. My Target is 1230 price level which I estimate should be hit within the next two weeks.