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FMCG sector is weak. In my earlier post I had mentioned that those who are invested in HINDUNILVR must exit all positions as the stock is going to see a major correction towards 1600 levels. BRITANNIA is also expected to correct towards 4500 price levels this year. Those seeking to trade options can enter into a short position for Target towards 4765 price levels.

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BANK NIFTY has been forming Higher Lows since Jan last week. Each time the price breaks down from the Weekly Support, there is instant buying. This is indicative of the fact that there are Buyers. A Long Swing position can be taken on Bank Nifty preferably for the March series considering the fact that there are only 5 trading sessions left until Feb series...

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RELIANCE is weak. Price rejection from the Weekly Pivot is evident through the Bearish Pin Bar close. Short position can be taken for a Target to 1184 price level.

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ASIAN PAINT tried to bottom out and the Buyers tried to take the price up above the Weekly Pivot. However, the sellers have hammered it again and now the stock looks set to test the 2183 price level. Short position can be built on an STBT basis.

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BANK NIFTY is showing further weakness and has rejected the Weekly Support-1 level. This means a further correction towards 48,188. However, I do feel that BN will take support around 48,188 levels and we might see a further upmove in the coming weeks.

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HINDUNILVR is showing a dangerous price action on the Weekly charts. If my analysis is right, then the Bears have totally taken over control and we can anticipate the stock to have a major correction this year. Those who are holding long positions on this stock for investment may relook into it. I foresee the correction to head towards 1650 price...

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INFOSYS and IT scrips are what is dragging Nifty down. A short trade is setting up on INFY. The Monthly Pivot and Weekly Pivot has been rejected and price is unable to sustain. I anticipate a correction towards the 200 DEMA. The Daily RSI is also weak which confirms the sentiment. Target - 1802 SL - 1890

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KOTAK BANK continues to look Bullish amidst the sell off in the broad markets. Stock continues to hold the major Pivots and now is en route to test the price levels of 1985. SL would be bearish candle close below 1904.

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COFORGE is breaking down from the Weekly Pivot and after a series of Lower Highs being formed since 5th Feb. Short position can be taken for a Target of 8021 price.

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INFY is now holding the Weekly Pivot and is showing sign of Bullishness. Notice the Higher Lows being formed. INFY along with RELIANCE will lead the reversal of Nifty to head long. My previous post on Nifty long still continues to hold. INFY Long Target - 1937

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BAJFINANCE is correcting from its Highs. Stock is continuously forming Lower Highs and has broken the Weekly Pivots. Short position can be taken for a Target to 8062 price level. Overall Trend still remains intact. This is a mean reversion set up.

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One of the few Nifty 500 stocks which is showing Bullish price action is AFFLE. The stock is consistently forming Higher Lows and is now perfectly poised to breach new levels. Notice how the price is trading comfortably above the Monthly Pivot which indicates Bulls are in control. I've taken a long position in the stock for a Target to 2100 price level.

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BANK NIFTY is showing a tendency to correct after the Weekly Pivot got rejected today in the first session of trading. We can anticipate the price to correct further towards 49,160 levels which should see a good support.

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NIFTY is now in a Bullish trend on the Hourly chart. Price is making HLs and this means that for now the Bulls are in control. Long position can be built up for a Target to 24,150

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DR REDDY is showing a Bullish price reversal pattern on the Hourly chart. Buyers stepped in on 30th Jan and stock has been forming Higher Lows since then. Today the hourly candle too has closed positively indicating that Buyers are firmly in control. Target - 1271

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RELIANCE has bottomed out. Price has been forming Higher Lows since 31 Dec 2024. Price broke out from 1267 levels, dipped and today's O=L candle confirms that Bulls have taken control. It is quite possible that RELIANCE will hit price level of 1382 in the Feb series. SL will be today's low.

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BAJAJ AUTO is correcting from the Highs. Lower Highs formation noticed. We can anticipate a correction further to 8675 price levels which should be a good support. An intraday trade is certainly setting up my that logic.

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ASIAN PAINTS is correcting from the Highs. The Lower Highs being formed validate that the Sellers are in control at the moment. I've taken short position for a target to 2271 price level which I'm assuming would be hit either today or tomorrow.