Nifty Futures :
Today, 5880 is the critical Intraday Level for Nifty Futures.
Provided that Nifty Futures continues with beneath 5880, then it might test 5835 and beneath that level it might test 5800.
Rather, if Nifty prospects exchanges above 5880, then it might test 5920.
Trend: For intraday, the crucial level is 5880. Trade short below this level and trade long above this level.
Sensex today :-
Today, 19300 the critical intraday level for Sensex.
Depending on if Sensex supports beneath 19300, then it might test 19150 and underneath that level it might test 19050.
Rather, if Sensex exchanges above 19300, then it might test 19370.
Short term Technical View of Sensex
The level 18500 is essential for the short term. Provided that it stands by above this level, then it might test 19800. Alternately, depending on if it cannot exchange above this level, then it might downfall towards 15500 levels.

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ReplyDeleteTCS is rising towards resistance line and 50 Day SMA a possible confluence of resistance.
ReplyDeletePrice in weekly chart is trying to form a bottom near Weekly lower bollinger band and the up trend line shown in last chart.
This can go either way so its better to wait for the contraction pattern shown in last chart to get resolved before taking a position.
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