Nifty : Nifty spot almost completed my targets 5700-5670-50-30 (hit 5735) given in last post in this blog.Now nifty spot is looking more bearish on weekly charts for short term target of 5600-5560-40 below 5625 (23.6% Fibonacci retressment of last rally from 4840 to 5747). Below 5540 we can test 5470 also but before that we hope some positive newsflow which can change whole scenario & public sentiment any time.Keep stoploss@5715(closing basis) for all your shorts. Above 5725 we can rally further towards 5820-5910 to 6125.
Adani Ent : Stock has done very well in last few weeks & still looking good on weekly charts for higher targets.But on daily charts stock has formed a bearish harami candlestick pattern in Friday trade which represents tiredness of bulls/profit booking at higher levels in this counter.However stock has support at 216-10 & can bounce any time.TAKE LONG CALL IF TRADES ABOVE 227.
ACC : Stock has shown sharp rally in Friday trade with good volume. Trade long above 1530 for target 15780-1625 to 1780-1800 in short to medium term.stock has support near 1485-70.
Century Tex : Stock has given breakout on long term chats. Long above 394 for 410-37-448-72.
DABUR : We are watchng this stock since last week Stock has given breakout on long term daily Stock looking good for short term target of 140-43 to 148-51 Keep stoploss below 130 on closing basis support@133.
Exide : Stock looking weak on charts. sell for target 146-42 to 138-36 in near term. KLeep stoploss above 155.
Looking good for longs : EKC,Balram chini,Delta corp,Rpower,Jublifood,Bhushan
Looking good for shorts : ICICIBank,Punj, Bharti,Rolta,Wipro,LIC
Adani Ent : Stock has done very well in last few weeks & still looking good on weekly charts for higher targets.But on daily charts stock has formed a bearish harami candlestick pattern in Friday trade which represents tiredness of bulls/profit booking at higher levels in this counter.However stock has support at 216-10 & can bounce any time.TAKE LONG CALL IF TRADES ABOVE 227.
ACC : Stock has shown sharp rally in Friday trade with good volume. Trade long above 1530 for target 15780-1625 to 1780-1800 in short to medium term.stock has support near 1485-70.
Century Tex : Stock has given breakout on long term chats. Long above 394 for 410-37-448-72.
DABUR : We are watchng this stock since last week Stock has given breakout on long term daily Stock looking good for short term target of 140-43 to 148-51 Keep stoploss below 130 on closing basis support@133.
Exide : Stock looking weak on charts. sell for target 146-42 to 138-36 in near term. KLeep stoploss above 155.
Looking good for longs : EKC,Balram chini,Delta corp,Rpower,Jublifood,Bhushan
Looking good for shorts : ICICIBank,Punj, Bharti,Rolta,Wipro,LIC