fmsthiru

fmsthiru

Banknifty - Leader are against some resistance level. If those levels are broken; BN can shoot up On the flipside if it breaks the blue trend line; It can fall upto 22450 as first target; Can wait to see what BN does here. Waiting doesn't cost anything.

fmsthiru

Watch for the breakout on either side of the box. Then wait for confirmation of the trend to emanate. Then take up position. Leader are lagging. Negative divergence on RSI. So one has to be very careful in managing their position. No direction yet. These charts are for my log purposes.

fmsthiru

Price coming up against trendline. So A short position could be initiated in this counter. SL @ 432 Target 372

fmsthiru

Looks like the upmove is becoming tired. May consolidate here or drop depending on Market Sentiments. No Signals yet for trade direction.

fmsthiru

HDFC bank currently up against a resistance zone. Suitable trading side will be towards SHORT. WIth SL @ 1255. For 1stTarget of 1140. Risk Rs 20 Reward Rs.95 RSI showing neg divergence. One can also go long on short term basis if SP closes above 1255 on 1 hr time frame with SL @ for a target of 1290+