The Market is suuuuper stretched right now, in the macro view, the global data is not good either. Considering that the market should hold the 38000 levels(most important level). If it shows signs of breaking down, then we might get to see lower levels.
Tech Mahindra is near the lower trend line, we can short it if it goes below 1075. Target around: 1069. Stop loss of 1-2 Rs.
Since the markets closed towards the bottom, and the global data is not good, the market could be a gap down, and it could be a volatile day hovering around 17650 levels.
Every 4 years(except 2012), google has either doubled or more than doubled in value. Google has fallen more than 24%(from its all time high) in the last couple of month. It is a good time to stack up this stock. Their growth is inevitable.
Since the stock is at a good support that was created just before their earnings, the stock might go up to 19.6 and then fall back(primarily due to global data). Considering the company is expanding Financing, OTT, fresh, owning the supplychain, logistics. They have a good potential to grow. Disclosure: I own this stock in my investment portfolio, it looks...
We will take the call for banknifty based on the close of the first 5 minute candle. If there is a gapup, then we take the sniper to play the bullish side. If it opens at the same level(as closed on Friday) or gaps down, then we take the short gun and play bearish. I have provided the levels of support and resistance for both. IMO, the market will be bearish,...