Bank Nifty will continue its upmove and will face resistance at 8585 levels. Move above this will take Bank nifty to8685.Stoch has generated a buy.
Buy above 8430 Tgt 8480,8513 and 8585
Sell below 8288 Tgt 8210,8160 and 8100
Buy above 762 Tgt 767,776 and 783
Larsen and Tubro
Larsen and Tubro has seen a waterfall decline from high of 1330 to low of 970.In the process LT has filled its elction gap ie. May 2009 also. Stock is highly oversold on daily weekly and Monthly charts. From past 3 days stock has been forming a base 970-978 and look ripe for a bounce back.
When a stock goes oversold to such a extent best trading system is to use Fibonaci levels. As trend is down LT will retrace 38.2 and 50% retracement for whole upmove.
Buy above 1019 Tgt 1032,1057 and 1109
Short term Traders Swing traders can also buy for tgt till 1152 above 1019
Long Term Investors its time to deploy atleast 30% of cash at current levels.
Coal India is near its support levels 293 ,it has bounced 3 times from this level.Move above 300 will break Coal India from the downside channel and stock could than move to upper end of trading range 330
Buy above 300 Tgt 304,308,313