To Bharti and Nifty.....With Love.!!!

Bharti Airtel posted not so good result this time that resulted in free fall of the stock.it fell around 13% in quick succession.However its a leading telecom provider and it cant bite the dust so easily.it has become oversold and showing positive divergence on its chart,we should initiate buy on  it but we should buy it on dips and in small quantities keeping a stop loss of 238 on closing basis with a target of  270-80 in short term.(refer below chart).

Nifty looking exhausted on chart and showing negative divergence if it does not cross convincingly 5400 then its bound to come down to 5100.we can trade nifty on selling it.

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

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.