“So we will not chase the price immediately on Monday, but instead wait for the bridge back that will hopefully end before 24863. The main damage markers will be placed on 24640.”
Quotes edited from chat:
The Nifty ended 1% more in a week after three days of positive end. What is the possibility of maintaining a market pace after integrating over the past two weeks?
From the second half of April, the Nifty faced two stages of consolidation, later extending to three weeks. Friday’s spike has taken us to the upper band of this series. The Nifty appears well to perform a breakout phase and the purpose of 25460-26200 that we have been vomiting for the last fortnight. He said that the bowler band has widened, nor the velocity indicators have begun to show power to support the iCAL borrow. This reluctance also comes from the Nifty Leging Bank Nifty, and Smids. So we will not chase the prices immediately on Monday, but instead wait for the bridge back that will hopefully end before 24863. Major Downside Markers will be placed on 24640.
The Nifty bank is moving even though the Nifty is 5% away from the summit of September and also hit a fresh record high. How would you trade the index in the next week?
Living events
Our gaze is at 58400, but four hours of consolidation after Friday’s early rise point, pointing to the fact that we are not yet in the street. Adding a cause to anxiety, when the bank Nifty is hit at the peak of April, the RSI is still below the viewed level. This disruption is not yet called Call for reversal, but a precautionary approach is guaranteed at the beginning of the week, in which the negative marker is placed at 56400 or 55920.
With velocity sustaining, small caps are outperforming. Will you see the possibility of some improvement discharge in the near term?
Smids showed outperformance, as the Nifty increased from the splendor of the previous week, compared to 50 components. On Friday, only 50% of the Nifty 50 stocks closed above their respective 20 -day SMA, while on Friday, the benchmark closed 74.8% of the small cap components. But when the Nifty closed within 50 stocks on Friday, only 10% of the small cap did this by 250 voters, suggesting that there is a precaution floating around, and consolidation could be expected before the ical bhi rise appears.
Cochin Shipyard’s stock has set fire and the week has ended between positive news flow. Are you looking at excessive signs on charts?
In the last few days, the Tical Bhi rise had kept the cochin shipyard prices far away from two standard deviations, calling for caution. The red hammer candle pattern formed on Friday, which is usually a bearish reversal pattern, increases this estimate. In this background, we will be more comfortable with re -entrance, if the dip appears in 2345 or 2176.
Give us your top ideas of the week:
Axisbank (CMP: 1194)
See: Buy
Target: 1250 – 1340
SL: 1098
From April 22, its largest green candle was formed in the stock, which remained intensely at 1,146 with superstar support. On the daily chart, the Smio histogram is showing signs of fatigue at the lower level and the crossing above the zero line – the potential trend indicates the reversal.
We expect the stock to move towards 1,250 and 1,340 in the near term. All long positions should be protected from a stop-loss below 1,098.
Sriramafin (CMP: 688)
See: Buy
Target: 820
SL: 617
After about two weeks of narrow-distance trade, the stock has finally broken. It has formed a bullish Marubozu candle and saw a supertrend breakout, indicating a strong upward motion.
In addition, the SMIO. Both daily and weekly go beyond the zero line on the charts, reinforcing the boom point of view and will point to potential big moves next week.
We expect the stock to move towards 820 in the near term. All long positions should be protected from a stop-loss placed below 617.
(Disclaimer: The views given by recommendations, suggestions, opinions and experts are their own. This does not represent the views of the economic time)
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