DJI on verge of breakout, no idea on external events like feds etc but if it sustained 34000 for some more time, it should touch ATH
DJI is at demand zone, it could be make or break level.
DJI at make-or-break level now, if cross and sustained, then all markets to go berserk for some time. Interesting RSI set up though, high possibility of breakout and then trapping all bulls. Wait and watch scenario.
Sell BANKNIFTY on rise with SL on closing above ATH for tgt near 40000
Long CRUDE OIL at cmp and dips till 6850 with SL below 6800 on dips with SL below 6800 on closing basis tgt 7500/8000+
Bank Nifty SPOT - broke long term trend resistance in Monthly chart and created fresh new life time high. Sustaining above the trendline can take Bank Nifty to 41000+ soon. SL can be spot closing below 36000.
LONG BhartiARTL at cmp and dips with SL below 514 on dcbs tgts - 5-10-15-20%+
NIFTY has hit trendline channel resistance near 16300, near supports are 15940/15745. DISCLAIMER : only for education purposes, I am not responsible for your profits or losses.
BankNIFTY near trendline resistance. Closing above today's high for couple of days can show 41500/42000 in BANKNIFTY. But if BN fails to sustain above the trendline on weekly closing basis, we can possibly see a decent correction. HDFCBANK has been sleeping for long now, next push towards ATH could be from HDFCBANK, need to close above 1515/1521 on weekly closing basis
Details on chart, axis gave a breakout after a long consolidation.
Self explanatory chart.
HDFCBank is set to break its previous all time high. this time it managed to close above the psychological mark of 1600 - expecting all time high soon.
Hero Moto has formed good base now and is looking for a strong reversal, one can accumulate with SL below 2660 for 5-10-15-20+ % returns
Long Sunpharma above 695.45-tgts 707.05-721.85-740.65++
AMARAJABAT - can add now with SL below 730 - tgts 770-800, once it breaks the upper trendline can touch 850-900-1000+
SAIL is taking support at trendline, make or break level
Buy adaniports at cmp and dips for target 880+
Auropharma restested its recent breakout and is not moving up strongly. It has good support at 994, one can go long with SL below 994 on closing basis for 1100+