Incisive Nifty Trend Analysis

[prada]

Bank nifty Took support well above and bounced off since it was extremely oversold. I dont see this lasting though.

accumulate --does it mean carrying over for next day or is it intra day? not able to understand

 

[prada]

IMO Nifty is targeting 5275, where it should pause and retrace back to test 5350-5370.

 

[sabhlok_r]

Opto Circuits: cmp 127.4

Recent fall would have got arrested at Friday's low. At CMP, it technically provides a very good trading opportunity with a quick retracement to at least 160-170 level. Good support at 110-115

Hi Prada,

opto has touched 114 today....is it a good time to enter long in it?

Rajesh

 

[prada]

I wouldn't be in two minds to buy the stock. I actually bought a good chunk at 116 with SL at 110. Risk:Reward is in our favour.It has good support at 110. Smart money must be accumulating the stock , thats why we saw good bounce from 114 odd levels.

Hi Prada,

opto has touched 114 today....is it a good time to enter long in it?

Rajesh

 

[prada]

Hero Motocorp: CMP- 1875

The stock is targeting 1775 in the short term.

 

[prada]

TTK Prestige: CMP: 3290

I have been quite bearish on this stock for a while now. This is heading way down and for the short term we can expect to see 2700( minimum ).

 

[saivenkat]

TTK Prestige: CMP: 3290

I have been quite bearish on this stock for a while now. This is heading way down and for the short term we can expect to see 2700( minimum ).

Correct.. you are... as always... its also in my watch list... observing it since it reached 3800+.. but waiting for the sell signal in Daily chart to give downward breakout... but then the target as you said.. i am not sure... anyhow waiting for the kill....

 

[prada]

IMO, 5260 should hold on this expiry day and a bounce back to test 5350 should get underway. If 5250 gives way, get ready for an onslaught to 5210. Have a safe trading day.

 

[prada]

I would not recommend shorting nifty at these levels as I see limited downside from here on , in this leg of the fall. Wait for some retracement to 5340-5370 and go short to catch a big move on the downside.

 

[prada]

Nifty should be visiting 5150 levels soon. Get ready to ride the downside from here on. Top is restricted to 5375.