My Picks

padiyaraa

Well-Known Member
NIFTY : 8698
Resistance: 8712
Support: 8681_8639 & 8609
If crossing above 8712 only nifty can see higher score
say 8790 this week, otherwise 8580 is possible.




8712 is the monthly pivot & daily EMA34

By the way, the SGX nifty is showing a positive sign, but my thought is only
based on the current technical chart and the nifty pivot levels
 
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padiyaraa

Well-Known Member
Q:Sir, What are you views about ABAN now ??? Again it is near 231.
A:
The decline in stock prices of exploration Companies over a good time mainly on account of cheap crude oil prices that prevailed during the past few quarters. Plus the company having debt burden. As per some other sites the data shows a comfortable level in debt equity ratio. Aban showing a very slanting move, will change over the time. The out look remain same with a first target near 400.
Watch ABAN:253 having a breakout with huge volume from the initial resistance.



Happy trading :)
 

padiyaraa

Well-Known Member
Nifty:8583
Resistance: 8609
Support: 8562_8501 & 8460

Above 8609 only nifty can stay upright. The red downward channel is supporting around 8450, SMA 100 is at 8493 now,
whereas the green TL is more slanting and have a support near 8400. Overall move doesn’t look like an impulsive one,
so it can turn around from any of above points. Most probably from 8562 area or may be 8493 8501 :D
So far nifty broke the TL, trading below 34 DEMA & also trading below 5day LOW EMA red MA) and indicator reached bearish zone.
MACD is below ZERO line, stocha & WR% are in oversold region.
These are all favoring for a much bearish outlook if not recovering sharply soon. Otherwise we will see 8460 this week.


8609 is daily pivot resistance 1, and also the Daily LEMA 5
 

padiyaraa

Well-Known Member
Hello
your views on ITC plz :D
ITC High 266 was a double top, playing a resistance, can correct to 180 or more again.


With current numbers the stock is good for buying near support around 220 _ 180
for long term perspective as the stock is fundamentally strong, but its core business is facing regulatory hurdles,
over taxations etc. will remain a concern for growth.
Hope diversification will make it stronger, and will maintain the goodwill as usual.
 

padiyaraa

Well-Known Member
Nifty 8693
Trading in an unexpected manner for all these fall from 8969,
currently resisting at the top of falling channel.
An expiry week and the Diwali is at the door. Any one dare to challenge nifty??

I pray for a bullish Break out.

Wish you all a Happy Diwali in Advance.

A15 min chart

A weekly chart marked with last Diwali move in red circle

Wish you all a Happy Diwali in Advance.
 
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