India Cements Weekly Chart: Showing a Rounding Bottom and Bullish Channel Breakout with Good Volumes and bullish Outlooks is maintained. Bullishness is also supported on RSI.
Its been an easy trade shorting PAYTM and the game seems over. Shorters should be aware as the party may end soon and fall could come to a halt in Paytm
A Breakdown of 17400 will open way all the way till 17050 levels in NIFTY 50 spot. Caution Ahead
A Head and Shoulders pattern is Visible on Nifty. Breakdown of this may lead to a small to mid term correction in Nifty
HCL Tech is looking weak. Levels plotted via Fib. A constant fall since 1370 odd levels. Next support lies around 1060-1070 levels
Bearish Outlook on Metal Sector. Tata Steel Looks week on Daily Charts. Stochastic and MACD also confirms the bearish view
A Clear breakout of the consolidation zone in BSOFT with Rising Volumes. The stock is well above it's 20,50 and 100 SMA which also confirms bullish outlook. MFI is also in a bullish mode and stock can see an upside towards 510-525 levels in the coming days. IT Sector can also act as Hedge against Nifty.
Nifty in Medium to Long Term looks bullish and is in uptrend. A smaller correction to 11600-11800 zones can be seen as a good buying opportunity. Buying at CMP is not a wise move, instead aggressive traders can short for a 200 points down-move for short term. NSE:NIFTY