ICICI BANK
ICICI bank broke out of its falling wedge pattern which is a bullish pattern. Stock has been taking support around 994 levels and giving decent bounces.Stock is approaching another major resistance of 200 DMA @1084.

200 DMA is defining lines between Bulls and Bears

Move above 1084 will make the stock to enter is trading range of 1090-1130 where it consolidated before the previous downmove.

Buy above 1084 Tgt 1090,1100,1115 and 1130

 
ALLAHABAD BANK
 
Allahabad Bank broke out of its ascending triangle formation broke out last friday with volumes. Stock has entered into a …

HDFC

HDFC has been taking support from its short term rising trendline(drawn in Red) around 635 Levels.Blue Line drawn shows a classic example of support becoming resistance.
MACD has generated a Buy and RSI showing postive divergence.

Buy above 663 Tgt 669,680 and 690
Sell below 635 Tgt 626,617 and 610

 
 
Bharti Airtel
 

Bharti Airtel has been trading in a small trading range from 363-375 from past 14 trading session as shown in above chart.

After every volatile moves comes sideways move and every sideways move Volatile moves follows

Same is applicable to Bharti in the …

Nifty Hourly Chart
Nifty Did a U-Turn again and took everyone by surprise on its move on Last thursday. This move shows highly unpredicatble nature of market.

Market always follow the path of Least Resistance

On Hourly chart market has broken the downward trending trendline as Shown in chart. Next level of Resistance comes @5510 on Hourly charts.
 
Nifty Daily Chart

20 SMA is a tough resistance to crack on daily chart and in Extreme short term,Closing above 5485.8 will give another boaster to bulls to continue the trend on upside.
On Daily charts next level …

India VIX
VIX is the fear factor it and it signifies the the market volatility and prone of falling. VIX has inverse correlation with Nifty.ie. If VIX rises Nifty falls and vice versa. Live VIX CHART(Click on Link to see Live VIX chart)

As seen from above chart VIX is trying to cross 200 DMA@21. I it moves above 200 DMA it will enter in Bullish region which will have bearish implication on Nifty.
So have a close Watch on VIX for Nifty moves.
 
 
Nifty Weekly

Nifty Weekly chart has broken the Important Short term …

Bank Nifty
Bank Nifty is trading at a very crucial junction and on verge of breakdown from Flag and Pole pattern.
Bank Nifty is trading end of lower end of and break of 10338 will lead to big downfall in Bank Nifty.

Market was consolidating yesterday and adjusting the oversold short term pattern.
Stochastic is still trading below 20,Hence Rallies should be used to exit longs and create fresh shorts.
Close above 10724 will nullify the bearish scenario we are talking about.
Selling is evident from the fact that bank Nifty is unable  to retrace 23.6% …

DLF Limited
DLF is trading a small range from past 3-4 Trading sessions forming lower highs and respecting its both upper and downward trendline.
Break of the Range will give momentum on upside or downside.

DLF is trading around its 5 EMA LOW and break/close of the same will give a impulsive down move.
RSI is in 50% indicating in netural zone.

Sell below 221.35 Tgt 220.5,217.6 and 214.8

Break of 220.5 one double its short.
 
Gitanjali Gems
Trading in a small range with low volumes from past many trading sessions. Stochastic turing up and yesterday tried …

Bank Nifty
Bank Nifty is also forming a Flag and Pole Pattern and target Looks very scary. Financials forms 28% of our Index and bank Nifty is very near to its Feb Low of 10017.If bank Nifty breaks this level than we have next support around 9100 Levels only as shown in chart.

Always use Indicators for confirming your trades But never trade based on Indicators. An indicator can remain overbought and oversold for long frame of time in a Trending market.

Sell Below 10338 Tgt 10267,10167 and 10017

 
Nifty Hourly
As discussed in Nifty …

WIPRO Ltd

Wipro has been a range bound Stock from almost a year. Weekly Chart of Wipro is shown range bound Moves in the Range of Rs 372-500.
Stock is forming a higher bottom on each fall and a Higher High before a fall which is a bullish case.
Presently stock is facing a trendline resistance@450 on its Weekly chart as shown with the Blue Line.

Buy above 450 Tgt 459,464 and 469
Sell Below 434 Tgt 428 and 422
 
AXIS BANK

 
Axis Bank has continued with its fall after bad results and now is consolidating in …

Nifty Hourly Chart
Nifty Hourly chart on Friday was a classical example of Support becoming Resistance in a downtrend. As seen from the above Hourly charts we can observe that 5510-5515 was a support for Nifty during the fall where Nifty consolidated before the fall and now the same support has become resistance during the rise which came in on Friday.
 
Nifty Daily Chart

Nifty daily chart if we see the Trend line Breakout happened and Nifty is again unable to close above the trendline making it clear that selling pressure which is …

Nifty Hourly Chart
 

 
Nifty gave a Breakdown at much publicized  5471 levels and from past 2 days trading in a small range.
Yesterday was an Inside day,Inside day basically means when an Stocks is unable to break High and Low of Previous day.
Nifty was unable to break and was trading in a small range.
Nifty Daily
On Daily Charts Nifty has closed 3 days below the Trendline it broke and still unable to cross it making it clear the selling pressure we are facing on Higher levels.
RSI is oversold so we can get a …