NIFTY:
for weekly break down i.e. for down trend.. nifty should close below 4745 tomo..
based on intrday charts, there is down flag, if tomo after one hour we have nifty below, 4750, and down trend continues, then in 4 to 5 trading hours, we should see 4634, with resistances at 4700, 4650, 4634 then 4550 and then 4500..
RELIANCE:
for reliance if tomorrow turns down from 2410 - 2420, then triple top and once 2370 is broken, then next target is 2330, then target is 2240.. but for uptrend tomo it shoould close above 2453, or in case it hits there and starts moving down then we'll see selling, cause of double top. only when 2450 is broken then the stock can move up decisively upwards, and in case of down move it have to break 2370 - 2340 - 2330, then directly to 2250..
if it breaks 2450 and gives a positive candle for any period, then up target, based on hourly charts, target 2535 in 5 to 6 hours if 2410 is broken with WHITE candle then 2455 in 3 hours of trading.. if in first hour itself reaches 2455, buy with target of 2535 then within the day..
REL:
weekly charts already weak, today already 1189. 1180 is intrady support, once that is broken,1100. If 1100, then chances of double bottom and the share could make an upmove, so it depends on how the stock reacts to all these levels. in case, 1100 is broken, short in truck load.. dump dump..
3 days 1 hr chart down flag, 1244 - 1173 = 71, down from 1200 is 1129, if 1180 and 1173 breaks huge short on rel..
down flag based on 5 days, 10 minutes chart, 1344 - 1173 = 171 down from 1200.. i.e 1029
down path: once 1180 and 1173 is broken then 1163 - 1129 - 1029.. this is the end...
INFY:
makin flag on daily charts, 1550-1300 = 250.. from 1400, tgt is 1650, once 1540 is capture, buy in lots and lots...
in 3 days hopefully.. and then there are chances of double top at 1690.. buy INFY futures...
buy 1590 call at 34
buy 1680 call at 10
MARUTI:
very weak charts, will fall tomo as well.. on weekly charts, if 750 breaks then huge downside.. at end of 1st one hour, mul should be below 776.. short MUL in lots..
940 - 790 = 150 and 790 - 150 = tgt 640 in next 6 days..
daily charts: down flag: target 700, possible upmove from 700 cause then double bottom, go short in truck loads..
BEML:
chances of revival from 950, i.e. if it moves above from that, and anyways, on weekly charts if BEML closes above 1050, then chances of huge revival, cause we make a hammer at bottom. plus we are oversold on CCI
ACC:
if 850 breaks on upside, stock in uptrend.. baby buy bags of cement.. and if falss tomo, then support at 826 - 824 - 801, once that breaks then 720..
IDBI:
upside, 98 based on 60 minutes chart, there is an upflag, with movin avg positive crossover.. support 88 and 86
Downside, based on daily charts: tgt 64 rs, tomo should go upto 85. once 85 breaks then 81, then there will be blood, tgt 64.. down flag..
buy put rs 80 for rs 2 lot size 1200 in next 5 days.. buy mornin itself, first order... 90 is huge resistance
GTL:
in uptrend, can go long, plus on weekly charts, huge turnoaround.. go long long..
should rea ch at least 305, cmp 257. tomo at least 265, only then huge upside..
target 277 based on PENANT
anything tomo 274, tomo in 4 hours from market start, GTL to reach 274..
BANK NIFTY:
6700 - 6657 - 6600 - 6447...
upside: 6697 - 6773
Hindustan Oil Exploration:
120-64 = 56 and 56 from 90 is 146, minimum 156 and also double bottom happen at 90, altough lots of gains out but still huge potential, tomo it self can blow the house away.. buy buy no stopping upto 170.. buy buy buy...
buy 130 call of HOEL for rate, cmp closing is rs 4.0
IDFC:
based on 60 minutes charts, above 155, tgt 160 - 165, on downside, double bottom at 145, if moves up from there, then buy with tgt of 155 and if 155 breakes then 160 - 165.. to get in positive zone need to break 167...
IFCI:
should go above 46 - 47, then based on up flag, tgt 54
minimum in 3 days
buy Rs. 55 call at 0.65
or buy Rs. 50 call at 1.35 (lot size : 1970)
RPL:
60 minutes chart- up flag, 174 - 155 = 19, from 168 then 187 in 5 hours..resistance at 176..
in next 15 days, RPL target is 230, once above 176 is taken off.. LONG LONG..
BHARTI:
cmp 820 - should go above 845, then target 939 in 5 days.. moving avg already positive crossover 830 - 845 - then upmove, so for 1st one hour bharti should go to our levels..
DLF:
once 600 - 580 breaks, non stop 400, short and buy puts, short all calls...
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding.
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