Nifty is bouncing from between the Potential reversal zone level 0.5 and 0.618. Profit booking can be seen in the market. But still the sentiment is super berish.
I am expecting nifty to trade in the range 17300 to 16800 , since the range is big we might see wild moves coming , best trades for today session is short from 17250-17300
Resistance 17300
fib 0,5...
IN 50 is started bouncing from the support , we might see small gap up of 30-40 points or flat opening.
Today range - 18000-17650
intrday
buy above 17800 for the target of 17910/17950/17990
sell below 17700 for target of 17600, if traded below 17600 , then we can seel blood bath till 17400/17200
nifty looking super week
Nifty has formed head and shoulder pattern , which is berish pattern , and it is trend reveral pattern
we might see good fall below 17600 to 17400/17000
Today /Expiry range
resistance 17900
Support 178000
Short covering move possible above 19950 and if index breaks 17800 it will be free fall till 17700
#nifty50
IT Sector has given good move in last trading session , there is high chance that this trend will continue, but we need a short correction to enter , long in this sector
Stocks to focus
#MINDTREE
#LTI
#TCS
#WIPRO
#HCLTECH
#TECHM
#INFY
Nifty has formed a range of 300 points in this week
Range High is 18100 , it will act as resistance
Range Low is 17800 , it will act as support
next week if the price close above 18100 there will be shift in range and we seel good movmentum for till 18300 and 18300 will act as key resistance for next week same way if the price trade below 17800 , we might see...
FMCG sector has corrected from the all time high and now trading at daily support. Since this sector is very bullish in weekly and monthly timeframe , we might see the good bouce next week
Levels to be watched , focus for buy following stocks if this index trading above 39200, and can go upto 39900 /40300/41000...
