At times, as an analyst, you feel that enough is enough. And when we look at SBI, we experience that same feeling. Despite multiple attempts, we never got any sort of trade here. The trigger points which we discussed never broke on either side. But we will keep trying, and hopefully this time it should go through. As we speak, the setup is bullish here, but we would still prefer to wait until the stock takes out 856 on the upside. Once that’s done, we would then anticipate a rally toward 897 and 928 on a cash basis on the upside, and maybe even more than that. But for now, we would restrict ourselves until then. On the time cycle front, as long as the stock sustains above the August 11th intraday high, the setup is bullish, and it’s just a matter of time before 856 is taken out on the upside.

INFY is showing an early sign for a near-term reversal. If the stock holds the 1414 level, it can rally toward a cash price of 1495 and potentially 1535 in the next few days. From a time-cycle perspective, August 18th and August 19th would be critical dates. This is a risky and speculative call, so approach trade sizing and strategy with caution.

If TCS can hold its recent low at a cash price of 2991, it has the potential to rally initially toward 3110. Should that level be surpassed, the upward movement could extend up to 3170. From a time-cycle perspective, Monday is a critical date.
Please note, this is a risky trade and should be approached with caution. If this view is indeed realized, TCS has the potential to rally more than 10% from its current level. However, patience is advised for now.

“Once ICICIBANK decisively breaks below the 1458 cash level, the crucial downside protection it provides to the broader indices is likely to disappear. Given its significant weightage on both the Nifty and Nifty Bank, such a move would trigger increased pressure on the indices to breach their own supports.
Should ICICIBANK capitulate below 1458, we could anticipate the stock dropping towards 1440 and 1421 on a cash basis in the coming days.
ICICIBANK and HDFCBANK currently stand as the only stocks effectively holding the markets above their critical support thresholds.”

DLF is confronting its crucial 808 cash support. Should this floor give way, expect a rapid descent towards 771 and then 741 in the coming days. From a time standpoint, July 30th and 31st are marked as key cycle dates, potentially dictating DLF’s next significant move.