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 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 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.

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.