Charts for the Day

[anil_s_trivedi]

Not predicting Pharma bottom, but pharma index tested crucial zone today...again i am not advising for blindly longs here, only stating what i am seeing...

 

[anil_s_trivedi]

Will exit PVR with closing below 200 SMA coming in...

 

[anil_s_trivedi]

Infosys the IT titan is above 200 SMA and aligning for a possible upside move...Weak below 950 zone...

 

[anil_s_trivedi]

Looking purely at the breakout it is resting move after breakout supported by lower volumes so 'No' point of worry...But yes looking at vivek's point we need to consider the breakout failed at 52 weeks highs...

So in all, one need to be cautious on this retracement...but we need high volume down bars to mark this as ultimate top..until then consider it as normal breakout and retest is on...

 

[anil_s_trivedi]

Inox leisure still in uptrend...recent fall looking like a flag one...i will initiate if prices get closer to 250-256 levels with weak below the same region...
In short term strength will be above 278-280 zone...

 

[anil_s_trivedi]

LIC housing finance corrected 19.5 from recent top...a support at 200 SMA as well lower TL running from march -2016 also coming in at same zone...

Momentum indicators getting oversold watch for 200 sma testing...

 

[khurshedmanjra]

NIFTY PHARMA ..... Regular Bullish Divergence could give a reversal, after the last bullish candle.

 

[anil_s_trivedi]

 

[anil_s_trivedi]

As analysed 9830-9815 region resisted on monday and today opening hours also resisted there...if cleared a fast run up can be seen till 9910-20 zone...

 

[t2t]

Infosys the IT titan is above 200 SMA and aligning for a possible upside move...Weak below 950 zone...

Nice move in Infy today. Power of 200 SMA.

Thanks Anilji for your guidance.