Nifty and Stock Trading for Coming Week.!!!

Technical indicators on Nifty chart suggest some downside move,it might not be because of weakness in market but of its move to complete the pattern.However as the result season has started so market would be a bit more volatile that would trigger stop loss both side,a cautious approach would help us to avoid losses.Kindly trade Nifty as per below chart first immidiate support is 5180 on closing basis next major support would be 5000.

 

In next chart WIPRO is looking heavily oversold and closed on it support 360 where from a small pullback is expected.we can trade it on intra and delivery basis,however we need to keep strict stoploss.Buy it around 355-60 sl 340 trgt 390 in two months time frame or we can also trade it on selling side, sell below 360 sl 360 on closing basis target 340.

 

 

Technical View on Cipla.!!!

Hi Friends,Cipla has come on such a point @330 where from it can go either ways i.e. We can trade it both ways as per below chart buy above 330 sl 320 trgt 340-350 or sell below 330 sl 340 trgt 320-310. Kindly follow strict stop loss and book profit where ever you feel.Happy & Safe Trading.ENJOY.

Between Support.....and........Resistance.!!!

Few Indicators on nifty charts indicate that some more steam is left and that can lead nifty towards a gap up opening on monday where it ll be among many hurdles. To cross these hurdles would not be an easy task major hurdle ll be 5400 levels, crossing this convincingly 5600 would be next target.But i would like to short nifty positionally after gap up opening or any upmove during the day with sl of 5400.

 

BUY BHARTI ARTL 300-305 SL 295 TRGT 320.

 

BUY IDEA 74-75 SL 73 TRGT 80.

 

ACCUMULATE RUCHISOYA ON DIPS SL78 TRGT 110.

 

NOTE:-Kindly book profit whenever you feel like & maintain strict stop loss.Happy & Safe Trading.ENJOY.