ICICI BANK should be added on lower levels for the Targets of 675 and 718 on cash in coming weeks. Dipps would surely come while the markets are at critical resistance point. But structure of entire large cap space looks very strong.

NAM INDIA above 363 looks good to test 390 and 417 on cash in coming weeks. Overall a positive setup but a slow mover compared to other high bita stocks.

HCL TECH above 963 looks strong to test 1000 and 1047 on cash positionally. Making initial attempt to come out of consolidation.

MAHINDRA and MAHINDRA FINANCE should be sold on rise for the targets of 141 and 125 on cash Directionally. Stay careful if you hold it because technical structure here is looking very week. Breaking 148 would put it in extremely week position.

TATA CHEMICHALS have an extremely strong support in the zone of 668 to 688 on cash. Until this zone is held price could rise till 760 810 850 and 915 on cash In coming months. Its 1 of the best portfolio stock in current times.

MOTHERSON SUMI above 252 looks strong to test levels of 274 and 298 on cash in coming weeks. Even 360 possible in next few months. Consider dipps as opportunities.

Manappuram Finance above 163 looks good to test 178 and 198 on cash Directionally. Looks good for Medium term as well.

AXIS BANK should be added on dipps for the Targets of 765 and 805 on cash in coming weeks.

NIFTY gave a multi month breakout today above 15080 level on spot. Now after february it have turned the texture on upside. So the strategy from here on would be to buy on dipps. Could avoid fresh purchases near 15100 on spot. Markets would continue to give opportunities on lower levels. Possible target area would be the zone of 15400 to 15600 on spot in coming days but better to buy on dipps.

NIFTY still moving around simillar zone which it has developed since last 2 months. But as long as the level of 15080 is not crossed on upside the medium term texture is not going to change. Short term rallies would occur and would be sold into. Had a moderately Bearish view a month back would continue to have same a month later as well. Yes reasonable rally is possible above 15080 but until it isn’t crossed personally would avoid any positional longs. On TIME front 19th May and 25th May are Important upcoming vibration days important to watch for short term high and lows. On Price front levels of 14490 and 14270 shall be tested in coming days. Over all Market has struggled to trend on either sides. So until market gives a clear direction should focus on taking small profits. The complex Forecasting method still suggests 13800 in pipeline. So would keep this point in mind.