Market For Coming Week....Stock and Nifty.!!!

Nifty chart this time does not provide any clear direction about market movement even on chart one indicator shows some upside move may happen while other reflect negative.As FII buying & DII selling      so we can expect  some range-bound  movement until we get some concrete trigger.

In other chart attached here Welcorp is very much oversold & resting on support levels,i believe  if it holds

current levels then it can go 10-20% higher from here,so we can initiate buy on it with strict stop-loss. 

 

NOTE:-PLEASE FOLLOW STRICT STOP LOSS & BOOK PROFIT WHENEVER YOU FEEL LIKE.HAPPY & SAFE TRADING.ENJOY.

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.