Island structure may build Nifty for next 5-7 session after tomorrow on the upside.
Clear buy signal in Reliance, for confirmation, we can wait for another session tomorrow, but 6th October should see it go up for following 7-8 sessions.
Nifty cycle seem to be getting shorter, tomorrow closing hours should be good time to buy Nifty for next 10 session. Should give us 3-400 points up from here.
SBI card is around its current swing bottom, i think we should buy it tomorrow in closing hour. It should move up by 5%+ in next 7-10 sessions.
Cipla looks good to buy for couple of months to generate 5-10% return . Its sell cycle phase just got over.
HDFC Bank looks close to its current swing low. I'll still wait till 6th October for it to complete its sell cycle and touch the trough, i think buying in 6th October closing hours should generate some decent returns in next 5-7 trading sessions.
Book profit or short AMD for 3-5 % in a week.
RIVN looks for shorting for 5-10% from the current levels.
ICICI Lombard GI is showing long term sell signal on screen, It should give around 10% from here on the downside.
It seems like Cipla has touched last swings high couple of days back, if that so, it should give 3-4% profit on the down side.
Last 3 days fall may continue for few more day with Hero Motocorp. Should we take short position when Nifty is trying to break its life time high?
BNB is good to buy as the long term buy signal appeared few days ago and still holding.
DLF is good for profit booking now, Since Nifty is seeing profit booking, all the big guys will follow it.
M&M good for booking profit is short run. I think Nifty profit booking started today, so all the big guys will see profit booking.
JD looks good for shorting. It has been coming down and now showing another downwards movement to start soon.
Good time to take profit in ZScaler . It seems to have reached its current swing high. Max 1-2 days more on teh upside and then it should give us 3-4% on downside.
Good time to book profit in JSW Steel as it seem to have reached its current swing high
India VIX looks like giving Buy signal , which means volatility may increase in coming days. I think in a day or two we will have opportunity to short Nifty