Coffee futures are bid higher on reports of brazilian crop having failed Have been making higher swing lows since mid july. SL at 215
Tata chem is available at a reasonable price point now after a 30-40% correction Can be added to portfolio as a quality name in sector. RSI looks bullish on an immediate basis
Tmw the inflation print will likely move everything around But for now this is the bullish trendline to watch
SPX near term seems capped to the upside by shown trendline. But bulls unwilling to give an inch to bears
Silver is now trading above the minor downtrend line from last 2 trading sessions. The next key resistance is around 20.31. Beyonfd that it can break out on the upside
The crude corrective seems headed towards lower levels (85-86). The lower top should lead to a lower low before bulls can attempt another leg higher
Chart is obvious. We are at channel top Longs need to be cautious. Aggressive traders may try shorts. Others can wait for reversal or breakout
Bajaj Finserv has rallied almost 40% from the bottom (we caught that) and looks quite stretched here Not worth chasing longs here. no shorts for now
Decent rally from the lows on DLF. resistance around 380. longs should be cautious unles breakout happens. This is not a shorting call
This looks like an overshoot of the channel. Barring a breakdown , expecting a bounce here from around 19.6 Earlier longs stopped out
Silver (MCX is at trendline support Intra day longs can try here. Pls manage SL as per appetite
Small cap index is at gann fan resistance Ripe for correction here
Longs can be tried here around 19.99 with a good risk reward Keep SL as per your risk appetite
Shorts can be tried hereon on nestle. Did golden extension of prior wave if this is an ABC then good RR on shorts here
Nifty FMCG led the Nifty rally and is overbought now Some bearish candlestick patterns have printed in the last few sessions Last engulfing top pattern has sometimes marked lasting tops on the index in the past Bulls need to be cautious
This would be the presumed operating curve on sensex We are quite close to resistance. Would be on watch here
Vix at a critical juncture If holds support, volatility might come back sharply in August
Nestle is at resistance. Poor results this qtr. Longs should consider selling here