The stock of HUL has maintained a strong base near 1970-1980 levels and has picked up momentum improving the bias
If Nifty is unable to surpass its previous swing high of 9584.5, we can expect profit booking at higher levels
The stock of JK Cement has given bullish "Flag" pattern breakout on the daily charts
From the high touched on April 30, the Nifty has not even retraced 50 per cent but the Bank Nifty has corrected slightly over 78 per cent.
The momentum indicator RSI is making a lower top and lower bottom formation which shows that Nifty is losing the strength
Till the time we are holding 9,000, the bulls should remain hopeful.
The stock of Reliance Industries has corrected from the peak of Rs 1,600 and is currently showing signs of reversal bottoming our near Rs 1,415 levels
Marico's stock has provided breakout from a cup and handle pattern on the daily chart
As per weekly option data, handful of put writing on lower strikes ranging from 9,200 to 9,400 is seen which shows Nifty would witness firm support in sub 9,200 zone
There are good chances that Nifty might extend the pullback towards 9,440-9,500 odd levels. However, it looking at the overall setup, strategy should be to sell on rallies
The stock of ICICI Bank has breached its major rising channel on the downside and also provided breakdown from its double top pattern on the daily chart
The pullback which was seen from 7,511 to 9,889 seems to have ended and primary downtrend has started for Nifty
On Monday, we need to see how our market actually reacts to the US-China trade war reports. If markets don't react like SGX Nifty and shows some buying interest, then bull scenario remains valid
Indiabulls Housing Finance's stock is witnessing a reversal pattern on daily charts
The stock of ICICI Lombard GIC has indicated a breakout above the trendline resistance zone and has entered a new territory to imply strength
The stock price has broken out from the symmetrical triangle on the daily chart
The volatility India (VIX) has fallen below 40 levels, which is giving comforts to the bulls
As per weekly option data, handful of put writing on lower strikes ranging from 8,800 to 9,200 is seen which shows Nifty would witness firm support in sub 9,000 zone
Bharti Airtel's move remained resilient during the downtrend which the market witnessed in the current calendar year
The stock of Coal India, after completing its up move, has provided breakdown from a rising wedge pattern on the daily chart