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Maruti is showing a good bullish momentum. Price is trading above the Monthly Pivot and has now closed above the Weekly Pivot as well. Good buying coming in from the lows. A long option trade can be initiated till 11,500 level maximum which also coincides with 50 DEMA resistance. SL will be the present days' low.

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Weakness on Heromoto. Trading below the Monthly, Weekly and Daily Pivots. Daily RSI below 40. Clear bearishness. Short trade can be taken for target 4550.

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Reliance is showing signs of weakness. The Daily Pivot was rejected in the morning session and now the Weekly Pivot is also struggling to hold. The overall trend in the Daily time frame is on the Short side. There is a strong likelihood that price will go to test the Monthly Pivot again - 1288 levels. Needless to say, this could also drag Nifty down.

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BN is clearly rejecting the Daily pivot after it tried to go up. A quick short trade - Intraday type can be taken till the next Daily support level at 53,155. SL will be todays' high Counter trend trade and hence risky. So should be traded with low quantity.

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Kotak Bank has been consolidating over the last 10 days or so after hitting a peak. There is good volatility squeeze that is being demonstrated. Last weeks' price action shows that price held on to the 2 week low which is a good sign of buyers stepping in. I'm anticipating an up move once 1793 gets taken out. Target should be the trend line resistance drawn.

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Bank Nifty closed the previous week with a strong Bullish candle which has closed comfortably above the 50% zone of the previous fall. For the next week, I have a strong feeling that BN could be range bound to mildly Bullish. The overall trend is certainly Bullish. However, since there has been a strong rally last week, there could be some profit booking. ...

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Nifty closed the previous week with a strong Bullish candle which has reached to the 50% zone of the previous fall. There has been a good price consolidation around this level. The plan for the next week is simple. Nifty is in an uptrend and trading above key pivot levels that include the monthly and weekly pivots. If there's any sharp decline or gap down,...

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ITC looking good for an up move. Price is consolidating above the 200 DEMA and almost below the Monthly Pivot and Weekly Pivot. Price has gone back above the Weekly support after breaking it which indicates a sign of Buyers stepping in. A potential move up to 492 level could be expected.

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Axis Bank is showing bullish tendencies. It has broken out from a range, re-tested it and now holding that re-test level. Price is trading above the Monthly, Weekly and Daily Pivots which indicates excellent Bullish signal. There is all possibility that price will test the 1200 level which is the upper end of the range. I have taken a long position on Axis Bank.

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Between 1145 to 1200 hrs on 4th Dec'24, #Nifty50 & #NiftyBank experienced a freakish sell side move. Today at exactly 1200 to 1215 hrs, the same thing happened. Only difference being the change of direction. Today it happened on the Buy side. Something fishy is certainly happening. Let me know your thoughts on this because the move has been sudden, huge and...

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Nifty is showing an obvious LH formation from the top level which suggests some profit booking is in order. I have hence initiated a Mean reversion trade on the short side for target till 24,260 level. I'm not doing the same on BN yet.

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I have taken an Intraday Long on Nifty. The bullish momentum should sustain and help Nifty reach the 24,600 level. My trading strategy is level to level. I've taken a slightly OTM Buy for the 24,550 strike which I believe should become ITM by close of the day or tomorrow max. SL will be if Yesterday's High is Broken.

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HINDUNILVR has been forming a good base near the Monthly Pivot. Bulls took the price up on 22nd Nov and formed a peak. Now that level seems to be holding. On an intraday basis, there is a strong bullish momentum being displayed. Hence, I have taken a Long position for a Target till Previous Week High level ~ 2538. I'm anticipating that this level will be...

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Britannia is showing Bullish momentum which is visible from the Bullish Pin Bar formation on the Hourly chart. Price has bounced from Weekly Support and holding above Daily Pivot. This is a sign of strength. First target - 5022

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Nifty is showing some Bullish momentum thanks to FMCG scripts. I'm not expecting much momentum on the Long side. For now I have taken a long view for Target till 24,300 level only. Notice how the price has formed a Bullish pin bar on the hourly charts and started to trade above the Daily Pivots. This is a sign of Bullishness. Resistance would be the Hourly 200 period MA.

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Bank Nifty closed the previous week with some Bullishness breaking out from the trend line resistance forming since 27 Sep 2024. Last weeks candle was an indecision candle. It's quite likely that BN fills the gap created by last weeks gap up opening. Bank Nifty should turn Bullish only once it starts trading above the 50% zone of the previous fall which is...

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Nifty closed the previous week with some Bullishness breaking out from the trend line resistance forming since 27 Sep 2024. Last weeks candle was a Pin bar with some Selling pressure from the top. This is not a purely Bullish sentiment indication. Nifty should turn Bullish only once it starts trading above the 50% zone of the previous fall which is above 24,800...

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Reliance has slammed into resistance and is looking due for a reversal. The weekly Pivot has not been tested and hence, there is all likelihood that it should fall and take Nifty down with it too. (Refer to my post on Nifty short dated 25 Nov.) I have taken a short position on Reliance. Let's see..