KOTAK MAHINDRA BANK above 1900 looks good to test 1956 and 2014 on spot Directionally. Hexagon breakout is placed above 1956 which can take prices towards 2100 in medium term.

ADANI PORTS above 565 Would become even stronger to test 598 and 635 on spot Directionally. At this point its wise to buy in cash rather then in Futures.

NIFTY closed at a life time high. Cycle seems very strong could even hit 15000 in near term. Gradually moving towards there. Not reasonable to expect 2 or 3% daily. Hold your hearts if still short.

The rally continued in our markets after the zone of 14160 to 14260 got crossed in closing hour yesterday. We are up another 300 points from there. And almost 700 points up from 13900 the level I shared yesterday. Above which the wheels actually turned on upside. NIFTY is now close to it’s all time high so some what corrections would be normal. Cycle support now stands at 14425 on spot. Enjoy the rally as long as it holds.

NIFTY rallied sharply above 13900 the level which was mentioned in morning. 14160 to 14260 is critical zone. Better to take part profits here. Rally shall continue once 14260 crosses on spot.

NIFTY going in budget with a week structure. But it’s an event day so things could turn rapidly and perabolicly in matter of few minutes. On levels 13900 would act as a critical resistance which if not crossed could fall till 13525 and 13300 And if it crosses then could rally sharply on upside. Avoid trading today if you cant handle the Voletility. Just focus on your trading position and risk involved in case of extreme adverse reactions on either sides.

NIFTY achieved the pending target of 13700 today itself. Guard yourself in this market. And its Voletility.

Voletility has been the word of this week. As suggested yesterday the setup looked week and still looks week. Before the event of budget next monday. On levels front the targets of 13700 and 13525 are still pending. This is a kind market the marginal risks would also be rewarded maximum rewards. So take your risk wisely.

RELIANCE INDUSTRIES looking in a week on vibration and Harmonic patterns. 1 of the weakest setup in large caps. Current cycle suggests 1819 which if breaks could even test 1760 and 1700 on spot Directionally. Best to avoid any upsides here.

NIFTY has broken the Harmonic support zone which was mentioned yesterday afternoon. The setup was week and it remains week for now as well. No signs of sanity or stability in markets as of now. The setup is sell on rise so any bounce upto 14000 to 14040 would be sold into for the lower Targets of 13700 and 13525 Directionally need to be prepared for extreme voletility ahead.