himendrayadav

himendrayadav

Bank nifty not participating in the upmove for many obvious reasons, now if it breaks 22K and stays below it then it may travel till 21K, stay cautious in bank nifty. The important level to watch is 22K in support and 23K as resistance

himendrayadav

ITC is trending to touch 150 in coming future , but with every day our finance minister scheduled press conference in evening , my suggestion only trade intra day

himendrayadav

LnT broke below 840 and now that will the resistance for upswing. Current trend suggesting that the stock will test 780 and if trend continues downward then 760. For upside if crosses above 840 then we can suggest fresh target

himendrayadav

Auro pharma has tested 685 and price was rejected. Slowly it is again going to test 685 and in case managed to break through then the next target is 705. On the lower side 645 is the short term base.

himendrayadav

ICICI bank is trading weak due to load of reason like exposure to oil trader plus their provisioning to arrest lockdown NPA. In case ICICI price goes below 330 then next level is 308 and 270, Kindly check your trade, keep strict stop loss

himendrayadav

As mentioned in my previous update on ITC, fresh buyin is at 165-160 range and I expect it to trade in range before taking further movement of upside or downside. For downside I see bottom at 140-145 range and for upside 180-190 range

himendrayadav

If we believe that we are in bear phase then what are the important level for Nifty and where it is heading ? Still not clear but coming days will define the future of market. Nifty is at crucial levels.

himendrayadav

Today all bank were weak and few of them broke important support level. If ICICI bank stays below 330 then the next level is 308 and 270. Trade only Intra day and incase you are an investor then you can accumulate for next 12 to 24 months

himendrayadav Updated 

Overall sentiments are negative, TATA motors if broke 83 level then one can see more pain and selling to retest 75-74 level

himendrayadav

Maruti breached 5000 level on 4th May and if it stays below 4900 then their will be more selling till 4500 and 4100 on the upside Maruti is struggling at 5500 level

himendrayadav

Bank Nifty closed below 20K level, now it is important for Banknifty to sustain above 19K level. If Bank nifty break 19K level then the next level is 18K and 17K. You can sell Nifty with SL of 20200 but one also need to watchful of government fund infusion which can reverse the trend

himendrayadav

Today nifty lost 566 point and broke important level of 9500. Now the next level is 9200 and if Nifty broke below 9200 then next level is 9000 and 8759. Keep watching the level, incase Nifty sustained 9200 level then we can see a rebound to 9500

himendrayadav

Aurobindo is consolidating at current price, short term trend is negative and incase break below 600 price then one can expect more selling pressure upto to 540. Fresh buying will start once Auro break 650 level, long term prospective is bullish, for cash buyer my personal suggestion buy on dips.

himendrayadav

LnT is showing higher low and higher top pattern in daily candle. Any break from 940 may see LnT touching 1000 and any breakdown can bring it to 860-840. Play range and stay safe

himendrayadav

TechM is trading in range of 500 to 540, any breakout above 540 may see the stock moving upto to 600 or breakout below may see selling till 470. But 470 is the strong support for the stock

himendrayadav

TATA Steel is consolidating between 260 to 295 level, in case TATA Steel breach 300 level then we can see further buying till 320 -340 level

himendrayadav

TATA Motors is showing support at 74-75, any breakout above 81 can be bought for the target of 90-95 with SL at 74

himendrayadav

Bajaj finance moving positive with breakout of 2300, I am taking long trade with SL of 2275 and 2270