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.
Category: STOCK MARKETS
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.
NIFTY UPDATE
NIFTY made a new all time high today and for the first time since 2018 crossed the high of January in February. Safe traders can move their stoploss to todays low. Target same which shared yesterday.
BANDHAN BANK View
BANDHAN BANK have a mixed structure currently. But cycle here gets more strong above the zone of 363 to 373. If price crosses this zone then levels of 393 and 423 could be tested in few weeks.
