ADANI PORTS achieved second Target of 635 on spot Today. The Rally shall continue once the zone of 643 to 650 gets away for the extended targets of 677 and 717 positionally. Achieved first target last Friday.
Author: SAAHIL BELIM
Small Update on Markets
Because the TIME is positive the idea on Friday afternoon was to buy on dipps. We already are up 180 points from there today. Fresh positions should only be taken on dipps. Markets are poised in such a way that if you dont manage your positions properly you would be hit very hard. As posted last week 1st half of this week would be fine be watchful in the 2nd half. Because the markets would face the combination of Vibration and Harmonic days later in the week. So far no signs of any reversal so avoid any short trade for now. Only long trade possible that too on dipps.
INDICES UPDATES
Indices are in range not trending on either ways. Still Time is positive so dont expect any dramatic fall till 1st half of next week. Risky traders can look to buy dipps with marginal risk.
ADANI PORTS Target Achieved
ADANI PORTS today achieved the first Target of 598 on spot. Made high of 594 earlier in the week then tested the breakout zone again and completed the cycle target of 598 today. View posted on 3rd Feb 2021.
ITC view for long term
very high risk investors can add ITC on dipps till 195 to 205 target beyond 250 in next few months. Long term setup looks more promising then short term setup.
AMBUJA CEMENT View
AMBUJA CEMENT should be added on every dipp from current levels for the Targets of 296 and 327 on cash in coming weeks.
NIFTY UPDATE
NIFTY broke the level of 15000 today which was the Trailing SL for Long Trades running upwards from 13900 from 1st of Feb 2021. Out of longs for now. Expect some correction in near term. Long term trend remains intact.
Supports move upwards on NIFTY
Strong Trend and Bullish cycle helping NIFTY to scale new highs daily. As suggested yesterday support would move higher once 15220 is crossed on spot. Now when 15220 has crossed the support from 14800 moves up to 15000 on spot for all positional longs.
KOTAK MAHINDRA BANK achieved targets
KOTAK MAHINDRA BANK achieved both targets of 1956 and 2014 in alternate days. View posted on 3rd Feb 2021. Achieved first Target of 1956 on Friday and second target of 2014 today. Not easy to find safe setups in this booming markets.
NIFTY Completing Cycle Target
NIFTY continued the journey of new highs. On friday it achieved the target of 15000 on spot. And today it went pass the level of 15100 as well. Currently the trend is very strong and it would remain strong as long as the level of 14800 is held. So far NIFTY has protected the cycle supports and has carried on the momentum on upside. At this point cycle support stands at 14800 for near term and would move higher once 15220 breaks on upside. Dont go against the trend until market gives the definite indication of correction or reversal. Till then as I said last week. Enjoy the rally.
