Nifty :: After an Harami white cross bullish pattern near support zone Nifty move up firmly and made High Wave bullish candle, but again with low volume in up move (conformation of corrective up move).. Be careful at higher level.. From support to currant close, no major resistance is there but now Nifty heading towards strong resistance zone in between 4944 to 4967.. Our strategy for 2nd Feb. if Nifty open flat then buy in deep (S.L 4871) Sell at high (S.L 5036).. Watch resistance zone 4944 to 4967 if Nifty face resistance in between this zone then change strategy as sell at high (S.L 5036) buy in deep (S.L 4888)… Resistance for up move at 4925/4944/4967/4983/5036.. Supports at 4888/4871/4836/4806..
4820 was given as the final breakdown level for the last session. 4822 was the place from where buying emerged and nifty continued move up right from there till the end. Though 4935 zone is not crossed, but demand at the support zone (first from 4760, then 4820) is indicating towards a very immediate term uptrend.
Supports: 4885 is critical for the day. Below that 4870-4845 is again possible. Further breakdown can bring 4820-4785. Below 4785 current up move is very likely to get negated.
Resistances: As the intra impulse is on, the target/resistances are relatively higher than the support levels. 4925/35 is very important. Above that another strong breakout is possible for 4975/80-5015/20 zone.
Resistances: As the intra impulse is on, the target/resistances are relatively higher than the support levels. 4925/35 is very important. Above that another strong breakout is possible for 4975/80-5015/20 zone.
Sensex and Nifty View : Sensex seems to be bottoming out around 16k mark. In the extreme near term ( this week ) would see resistance around 16600-16700 band. Nifty similar levels would come to 4985/5015.
Traders who have taken Nifty futures/Nifty bees as advised to be accumulated on declines shud reduce exposure at the above levels and keep trailing stops.
Stocks to watchout for :
Hind Dorr Oliver can give a sharp move above 186.
Concurrent India ( Kushagra Software ) , K Sera Sera are being touted to be weird movers in the next couple of months. Gamblers can have a look for quick 30-50% .
Hindustan Unilever looks an excellent buy on declines in parts at 235/215 as a defensive bet.
Fortis Healthcare and Apollo Hospitals continue to maintain the strong momentum. Long term investors should continue to hold on. Traders can book profit on further rise.
Some Stock Specific charts
Traders who have taken Nifty futures/Nifty bees as advised to be accumulated on declines shud reduce exposure at the above levels and keep trailing stops.
Stocks to watchout for :
Hind Dorr Oliver can give a sharp move above 186.
Concurrent India ( Kushagra Software ) , K Sera Sera are being touted to be weird movers in the next couple of months. Gamblers can have a look for quick 30-50% .
Hindustan Unilever looks an excellent buy on declines in parts at 235/215 as a defensive bet.
Fortis Healthcare and Apollo Hospitals continue to maintain the strong momentum. Long term investors should continue to hold on. Traders can book profit on further rise.
Some Stock Specific charts
Holding 570-580, this one is headed for 600-610+
SBI poised to move out of the channel in the short term. A move past 2055 will lead to the next resistance zone of 2150.
No comments:
Post a Comment