Nifty

Nifty

It was written very clearly in last week's Nifty View that we are near to an important pressure date &          6th Dec was a pressure date. And today Nifty is going to make a new Life-time high.
All our subscribers were told to buy 6300 & 6400 Call options in Fridays newsletter. All our clients must be enjoying very huge profits.
Now where to take next position. What would be our next step?
 To know subscribe us. Contact us at : infobullstrading@yahoo.com
 

Update

Nifty Update 

This is the accuracy of Gann levels. From the last two days Nifty was not able to close above 6219. And all our subscribers must be enjoying good profits in 6300 Put options which was told to buy in yesterdays letter with a stop-loss of only 10 points.
Today all our clients have booked partial profits and earned 30-35% returns.

In Tatasteel too our short trades have been triggered @ 415.

Happy Trading......

Nifty Spot (02/12/13 - 06/12/2013)

Nifty Spot (02/12/13 - 06/12/2013)

This week directional moves are expected as Nifty is approaching towards an important pressure date. 
Major support levels are 6030, 5970, 5935, 5880,5750-5735 and Major resistance levels are 6219, 6290, 6310, 6339, 6425.

Yes Bank

Yes Bank

In Yes Bank 381 is a strong resistance. Short Yes Bank @ 380-382 range with stop-loss @ 396 on closing basis. Trades with less risk appetite can make short positions @ 392-395 range with stop-loss @ 396 on closing basis. Targets are 370, 344, 327, 303, 294-290 (an important support).

And,

If yes Bank is able to close above 396 then a long trade can be initiated  with stop-loss @ 390 on closing basis. Targets are 436, 502, 532.

Tata Steel Update

Tata Steel Update

Those who have initiated a short trade in Tata Steel @ 397-398 must be enjoying good profits.
We have booked partial profits @ 391 our1st target. Now trail your trade with stop-loss @ 397 on closing basis.

Nifty Spot (25/11/13-29/11/13)

Nifty Spot

Nifty is roaming around an important support zone from 5955-5935. A close below 5900 can drag Nifty towards 5880, 5750-5735.
Resistances are 6042-6050, 6212, 6340,
Supports are 5955-5935, 5880, 5750-5735.

 

Nifty Gann Chart

Also there is +ve Wolfe wave in Nifty. according to which 5950 is a support. And the 1st target is 6142 & final target is 6254.

Nifty +ve WW

Subscribe to know when & where to take a trade. For subscription details mails us @ : infobullstrading@yahoo.com

Tata Steel

Tata Steel

In Tata Steel this week time and price are going to square with each other.  From 398 to 415 this zone is full of resistance. Traders with less risk appetite can make short positions @ 410-415 with stop-loss @ 417 on closing basis. And traders with high risk capacity can  initiate their short positions @ 397-398 with stop-loss @ 417 on closing basis. Targets are 391, 378, 366,352, 338-328, 310, 295, 268-262.

Nifty Spot

Nifty is approaching towards a strong support zone. When & where to buy ? Whats the stop-loss & target levels??
To know the levels subscribe our daily newsletter. For subscription details contact us at:  infobullstrading@yahoo.com

Tata Steel

Tata Steel

Long Tata Steel @ 338.
For targets and stop-loss subscribe us. For subscription details mail us @
infobullstrading@yahoo.com

Nifty Spot (11/11/13 - 15/11/13)

Nifty Spot (11/11/13 - 15/11/13)

Major resistance levels are 6177, 6292, 6340, 6401
Major Support levels are 6121, 6054, 6020, 5987-5978, 5920, 5861

Shorting @ lower levels is not suggested. A close below 6020 can drag Nifty to 5978, 5920, 5861 levels.

When & where to take long positions all the levels  will be mailed to the paid subscribers.

Reliance Industries

 Reliance Industries

Reliance Industries is reaching in the major support zone from 874-871. This zone has multiple supports of Gann angle (2X1), Gann retracement & Gann SQ9 levels . So, a fresh buy positions can be made at these levels with stop-loss @ 870 on closing basis. The upside targets are 875, 890, 912, 924, 935.

And,

A close below 870 can take this script down towards 813. So, a short positions can be initiated if Reliance Industries gets close below 870 with stop-loss @ 874 on closing basis. Targets for downside are 860, 854, 854, 828, 819, 813.
* All prices mentioned are of Spot price.*

Yes Bank

Yes Bank

Today price & time have squared with each other in YesBank.
All our paid clients have already taken short positions in this counter @ 381.
A short positions can be taken @ 383 with stop-loss @ 384 on closing basis. Targets are 378, 357, 337-335, 326, 318, 305, 295, 275.

Nifty spot View (28/x/13 - 01/11/13)

Nifty spot View (28/X/13 - 01/11/13)

In weekly charts Nifty has given signals for weakness as it was not able to close above 6256 level. A close above 6256 may take Nifty up to life-time highs levels. The upside targets are 6184, 6256, 6290,6338-6357. A weekly close above 6360 can take Nifty up-to 6578 & 6680 levels but for that a very strong flow of positive news is required, which I personally don't see in the near future.

Short positions must be initiated at 6250-6260 levels with stop-loss @ 6270 on closing basis. The targets are 6069, 6042, 6024, 5888, 5867.

Nifty Spot View (14/X/13 - 18/X/13)

Nifty Spot View (14/X/13 - 18/X/13)

Nifty has closed above an important level of 6084, which may take Nifty to further up-to 6184 levels. One can go long in Nifty with stop-loss @ 6084 for the targets of 6140, 6184,  6220, 6279, 6330.
The supports are 6081, 6042, 5995, 5921, 5850

There is no need to short in between.....
Take short positions at 6184 with stop-loss @ 6200 on closing basis. Targets are 6140, 6081, 6042-6033, 5995, 5921, 5850, 5775, 5736, 5663.

TCS

TCS

A short positions can be taken in TCS @ 2045-2050 with stop-loss @ 2070 on closing basis. Targets are 2017-2010, 1986-1975, 1955-1952, 1900

Nifty Update (07/10/1013 - 11/10/2013)

Nifty Update

Those who can take risk can initiate short positions at 5957-5945 levels , ELSE, 
Initiate short positions at 6042-6057 levels with stop-loss @ 6075 on closing basis. Targets are 5995, 5957- 5940. A close below 5940 will create a solid trouble for Nifty, which will drag Nifty more down towards 5864, 5812, 5757-5735 ( an important support level), 5674-5663, 5538, 5488, 5433 ( an important support level).

And,

Initiate  long positions if Nifty is able to close above 5960 with stop-loss @ 5940 on closing basis. Targets are 6021, 6042-6057, 6084, 6142, 6183 (trouble zone).

Nifty Spot View (23/09/13 - 27/09/13)

Nifty Spot

Resistence level for Nifty 6042, 6101, 6142, 6230 and,
Major supports are 5959, 5917, 5858, 5832 (an important support), 5735

Nifty Update

Nifty Update
 What a woooooo move............  from 5800-6140
All our clients have got bumper profits from our call of going long @ 5800-5820 (with stop-loss of only 10 points).
We have booked 1 lot @ 5888 (18/9/13) And today we have booked our 2nd lot @  6140. Holding our last lot with trailing SL .

Those who want to know our next shorting level may subscribe us. For subscription details please mail us at:
infobullstrading@YAHOO.COM

Nifty Spot View (16/9/13 -20/9/13)

Nifty Spot View (16/9/13 -20/9/13)

Nifty is a buy at 5820-5800 with stop-loss at 5790 on closing basis. Targets are 5888, 5930, 6038-6042, 6184.
A close below 5790 will initiate shorts in it with stop-los at 5800 on closing basis. Targets are 5735, 5680, 5555, 5436.

In Nifty our stoploss has been triggered as Nifty has closed above 5900.

NiftySpot

Short at 5880-5890 with stop-loss 5900 on closing basis.

Nifty Spot View (09/09/13 - 13/09/13)

The nearest target for Nifty seems to be 5735. A close above 5735 may take Nifty upto 5790-5813. At 5790-5813 we will take short trades with stop-loss @ 5825 for the targets of 5735-5750, 5682, 5555, 5436.
The resistence levels are 5750, 5790-5813, 5858,
The support levels are 5680-5664, 5555, 5436,

Maruti Suzuki

Maruti Suzuki

Maruti Suzuki is a buy at 1192-1177 levels.As multiple supports are there. For longs the stop-loss would be @ 1175 on closing basis and the targets are 1192, 1211, 1234, 1260, 1329, 1354, 1388, 1420, 1484, 1506, 1665

And
Initiate a short trade if this counter gets close below1175 with stop-loss @ 1180 and the targets are  1105, 1077

Nifty Spot(02/09/13 - 06/09/13)

Last week all our paid clients got magnificent profits. From 5133 to 5471. Those who have partial positions in Nifty are advised to trail their trade with TSL @ 5436 on closing basis, for the next target of 5660, 5735.
Major resistance levels for Nifty are 5488, 5525, 5663-5674
And major support level are 5433, 5380, 5305

Nifty update

Yesterday our longs got triggered at 5133 and today we have achieved our 2nd target of 5385. We have booked partially @ 5385 and holding the rest quantity with TSL @ 5285 on closing basis.


We will initiate buying puts around 5433-5488 levels as this area would be bringing some difficulties for nifty with stop-loss @ 5500  on closing basis.

Here is the updated chart.....

Nify spot

In my earlier post I clearly stated that a close below 5435 is dangerous for Nifty. Nifty may find its support at 5155 to 5133 levels.
Suppose Niftyspot goes below 5133 and then it closes above this level of 5133 then a buy must be initiated in Nifty at these levels with stop-loss @ 5125 on closing basis for the targets of 5254, 5381, 5435, 5471. There are multiple supports at 5145 to 5133 levels Gann retacement support, Gann Angle support and Gann SQ9 supports are there.

And,

A close below 5133 may drag nifty further down to 4862 levels .

Nifty Spot 12/08/13 - 16/08/13

Nifty Spot
The view for Nifty spot remains same as of the last week. A close below 5435 would be a dangerous sign for Nifty. 5435 is major support for Nifty and a close below this level may drag Nifty further down upto 5145 odd levels.
A buy must be initiated from 5471 to 5435 levels with stop-loss @ 5425 on closing basis. Targets are 5471, 5497, 5597, 5614, 5660, 5712, 5769, 5807
And
A short trade must be initiated if Nifty gets closed below 5435 level with stop-loss @ 5450. Targets are 5381, 5145, 5098

PNB

PNB
In PNB time & price are getting squared with each other @ 525-516 range. A buy can be taken in PNB @ 525-516 range with stop-loss @ 514 on closing basis. Targets are 560, 588, 616-620, 671, 713, 762, 781, 835-842, 913

M&M

M&M

A buy can be taken in this counter @ 855-848 range as time & price are getting squared with each other at this range. Also there is a gann  50% retracement level at 823 Stop-loss would be 847 on closing basis and targets are 859, 874, 891, 920, 951, 1025 ,1078

State bank Of India

State Bank Of India
In SBI a buy must be initiated at 1575 - 1543 levels with stop-loss @ 1530 on closing basis. Targets are 1571, 1620, 1704, 1829, 2050, 2235

Yes Bank

Yes Bank

Buy Yes Bank @ 273 or if it give a close above 273 with stop-loss @ 267 on closing basis. Targets are 280, 309, 338, 362, 409, 437, 455, 509, 545

Nifty Update

Nifty is moving on the expected line. Today Nifty made a low of  5521 and Nifty is heading towards a zone of multiple supports @ 5497, 5480, 5435.
A close below 5435 may drag Nifty towards 5145 odd levels.
We will initiate buy at 5480 & 5435 levels in small quantity with stop-loss @ 5425 on closing basis for the targets of 5480, 5497, 5597, 5614, 5660, 5712, 5769, 5807
* All prices quotes are of Nifty Spot

ICICI Bank

ICICI Bank

In ICICI Bank our 1 target met in long and till date 2 targets have been met in shorts. If today we get 851- 855 then we will cover our shorts at this level. And we will initiate long positions in this counter from 851 to 840 with stop-loss @ 838 on closing basis for the targets of 853, 873, 904, 945, 991, 1026, 1049-1053, 1114

NIfty Spot (05/08/2013 - 09/08/2013)

NIfty Spot (05/08/2013 - 09/08/2013) 

From 6061 to 5649 Nifty made a very good downside move within 9 trading days.
Now a close below 5663 can drag Nifty more down towards 5614 to 5596 levels and again a close below 5596 may take Nifty towards 5497, 5480 and 5435.
The major resistance levels are 5733, 5797, 5871, 5898, 5944
and
Major support levels are 5614, 5596, 5497, 5480, 5435

ICICI Bank

ICICI BankIn ICICI BANK time & price are going to meet each other at 934-936. The current trend in this counter must change now. A long trade must be taken in ICICI Bank @ 934 (On closing basis) with stop-loss @ 930 on closing basis. Targets are 940, 993, 1026-1031, 1050, 1083, 1134(important level), 1160-1165.
And
A close below 930 may take this counter to 904, 873, 851(an important support level).

Nifty Spot 22/07/2013 to 26/07/2013

Niftyspot view remains same as in the last week.

Nifty Spot (15/07/2013 - 19/07/2013)

Nifty Spot (15/07/2013 - 19/07/2013)

Nifty Spot may find resistance near 6043 to 6061 levels. A short must be initiated in Nifty ate these levels with stop-loss @ 6075 on closing basis. Targets are 6043, 6009, 5951, 5898, 5864, 5787-5770, 5743-5733.
And
Initiate longs if Nifty gives a close above 6075 with stop-loss @ 6061 on closing basis. Targets are 6143, 6197, 6230, 6288

PNB

PNB

In PNB there is a +ve WW (see the attached chart) and the credit goes to Mr. Saran for drawing my attention on this chart.

In PNB the formation of +WW is perfect, also there is a support of Gann Retracement level @ 659.

A buy must be initiated in this counter with SL @ 650 on closing basis. Targets are 666, 693, 739, 748, 772, 795, 842, 910

Ranbaxy

Ranbaxy 

According to Gann Theory Ranbaxy is a buy from 326 to 309 because this whole zone has multiple supports for this counter. We will initiate buy in Ranbaxy when these levels comes.

Also there is a +WW in Ranbaxy weekly. Ranbaxy is surrounded  by a support zone right now (see the attached chart). According to Wolfe Waves Theory a buy can be initiated from 340 levels with stop-loss @ 335 on closing basis.

According to my experience Ranbaxy is a buy from 340 to 309 levels. Every dip till 309 is a buy.

We will accumulate it from 340 till 309 with stop-loss @ 305 on closing basis.

Targets are 322, 340, 365, 380-386, 397, 415, 469, 484, 527, 555, 575, 660.

Gann Chart

+WW Chart

 

Nifty Spot

Nifty spot

We have multiple & strong support zone from 5640-5626 levels. If tomorrow Nifty Spot comes around 5626 and is able to close above 5626  then we will initiate longs in it in small quantity with Stop-loss @ 5610 on closing basis. And we will add-on more quantity after nifty gives a close above 5670. Targets are 5670, 5733, 5841.
Next support levels are 5590, 5555, 5477, 5434, 5381.

Century Textiles

Century Textiles

A buy can be initiated in Century Textiles above 292 with stop-loss @ 290 on closing basis. Targets are 297, 302, 315, 331

Nifty Spot

Nifty Spot

Nifty is heading towards the support zone. There is a cluster of supports @ 5743, 5732, 5728 and whenever Nifty approaches near the cluster of support then a pullback or reversal is possible. We will initiate longs @ the levels mentioned with stop-loss @ 5720 on closing basis. Targets are 5743, 5804, 5853, 5902, 5926. 

 

A closing below 5720 may take nifty to 5663 and 5630 levels.

 

 

 

L&T

LT
A buy can be initiated in L&T @ 1385 with Stop-loss @ 1375 on closing basis. Targets are 1402, 1430, 1469, 1477

Nifty Spot (10/06/2013 to 14/06/2013)

NiftySpot

Most of the shares are showing bullish signals and I think that reversal is on the cards.
This Week Nifty must touch 5853 level s this would be 50% retracement from 6229 to 5477 and also Gann Angel Support is there. So, a  long trade should be initiated @ this level with stop-loss @  5835 on closing basis. Targets are 5931, 5978, 5049, 6042,, 6066, 6109, 6148

Reliance Industries

Reliance Industries

Long Reliance Industries @ 783.6 with stop-loss @ 780 on closing basis. Targets are 795, 806, 814

And,

Go Short if Reliance Industries gives a close below 780 with stop-loss @ 783 on closing basis. Targets are 767.5

L&T Update

L&T Update

Today we have squared off our last lot in L&T @ 1385, which we shorted on 20th May13 @ 1636.
Our account in this trade is as follows:
Shorted 2lots @ 1636
Coverd 1st Lot @ 1478 on 23rdMay13     1636 - 1478 = 158 X 250 (1Lot) = 39500 
Covered 2nd Lot @ 1385 on 3rdJune13    1636- 1385 = 251 X 250 (1Lot) = 62750
                                                                                                  _________
                                                                                                 1,02,250 Profit

Nifty Spot (03/06/13 - 07/06/13)

Nifty Spot (03/06/13 - 07/06/13)

Nifty may find support @ 5935 which is a Gann angle support. And if this support is broken then the next support is @ 5853 which is a 50% Gann retracement level form 6229 to 5477.
We will initiate long @ 5935 and 5853 in very small quantity with stop-loss @ 5840 on closing basis.
  Resistance levels are 5978, 6010, 6041,6083 and Support levels are 5853, 5784, 5733, 5613

 

Tata Motors

Tata Motors

Short Tata Motors @ 316.5 with stop-loss @ 318 on closing basis. Targets are 312, 308, 303, 297,  294 290, 285
And If
Tata Motors gives a close above 320 then take a long with stop-loss @ 316. Targets are 337, 360

Ambuja Cement

Ambuja Cement
 Short Ambuja Cements @ 188.4 with stop-loss @ 192 on closing basis. The targets are  186, 184, 179, 164, 158

State Bank Of India Update

State Bank Of India Update

Today we have covered our last lot in SBIN @ 2083 which was shorted @ 2463 on 20th May13.
Our account in this trade is as follows:
Shorted 3 Lots @ 2463
Covered 1st Lot @ 2360        125 X 103  =   12875
Coverd 2nd Lot @ 2260         125 X 203 =    25375
Covered Last Lot @ 2083       125 X 380 =   47500
                                              ___________________

Total                                                      Rs. 85750 Profit

AXIS BANK UPDATE

AXIS BANK UPDATE

Today in Axis Bank our stop-loss got triggered @ 1435 which was longed on 29th May13 @ 1450 & 1460.
In this trade account is as follows:
2 Lots longed @ 1455 (averaged price)
Stop-loss triggered @ 1435
1455-1435 = 20 X 250 X 2 (Lots) = 10000 Loss

TCS Update

TCS Update

Today In TCS our long got triggered ( 2Lots) @ 1518 and within few minutes our 1st target got achieved @ 1526. We booked our 1lot @ 1526 and for the rest of 1 remaining lot our trailing stop-loss also got triggered @ 1519. So our profit in this call comes as :
2 Lot bought @ 1518
1st Lot booked @ 1526 :                      1526-1518 = 8 X 250 = 2000
2nd Lot TSL triggered @ 1519              1519-1518 = 1 X 250 = 250
Total profit                                                                               = 2250

Axis Bank

Axis Bank

Buy Axis Bank from 1450-1460 levels with stop-loss @ 1440 on closing basis for the 1st target of 1485, 1501, 1517, 1549, 1609

 

TCS

TCS

Buy TCS if it gives a close above 1518 with stop-loss @ 1513 on closing basis for the target of 1526, 1543

Nifty Spot (27/5/13 - 31/5/13)

Nifty Spot
 Almost after a gap of 5.5 Years in Nifty the weekly candle has closed as an outside bar almost near the top. In November 2007 in weekly chart when Nifty was at around 5900 , exactly after 8 weeks (which is a Fibonacci number) the nifty made its LIFE TIME HIGH AND THEN CRASHED upto 2252 levels. I am not saying that this time too nifty will behave in the same manner. Its just an observation. May be from here after 8 weeks we will be making a new top and after that......????  Only God knows
Last week Nifty made an outside bar almost @ the top. Nifty took support exactly at the Gann angle.

Resistance levels are 6034-6042, 6067, 6083,  6132, 6156, 6230
Support levels are 5970, 5936, 5876, 5853, 5804, 5727


We will initiate fresh shorts , if Nifty gives a close below 5935 for the targets of 5876, 5853, 5804, 5787, 5733
And,
We will initiate fresh longs, only if Nifty gives us a close above 6070 and also we will be covering our remaining positions of last week @ 6070.

SBIN Update

SBIN Update

SBIN too like L&T has given us windfall profits. From 2463 to 2255. Today we have covered our 2nd Lot @ 2263. Now we are left with only 1 lot which we will will hold with trailing stop-loss @ 2460 on closing basis. Our profits in this counter accounts as follows:
2463- 2260 = 203 X 125 (1 Lot) = Rs. 25375 Profit
Happy trading!!!!

L&T Update

L&T Update

L&T gave us a windfall profit and today we have  booked profits in 1 out 2 Lots @ 1478. From 1636 to 1478. Now we are left with only 1 Lot which we are holding with our trailing stop-loss @ 1630 on closing basis. Our profits count is as follows:
1636 - 1478 = 158 X 250 (1Lot) = 39500 Profit

Nifty Update

Nifty Update

Yesterday we missed our 2nd target by merely 4-5 points difference, but today was a great day for all. We have have covered our 2nd Lot @ 5975. Now we are left with our 1 lot which we will cover @ 5477 and our trailing stop-loss would be 6215 on closing basis.
Our profits in 2nd Lot is as follows:
6220-5975 = 245 X 50 = 12250
Happy trading!!!!

L&T

L&T

Tomorrow (22/5/13) Larsen & Toubro's result are coming. And all our paid subscribers are sitting on short positions from 1636 (from Monday) with stop-loss @ 1645 on closing basis.
Tomorrow fresh short positions (positional) can be initiated if 1625-1628 levels are seen for the targets of  1590, 1560, 1532, 1495,  1478, 1424, 1385, 1329 with stop-loss @ 1645.
Initiate longs in LT if it gives a close above 1645 for the targets of 1660,1688  with stop-loss @ 1636 on closing basis (Positional).


And for tomorrow intraday trading levels are as follows:

Initiate long if it stays above 1630  for 3-5 minutes then
R1 :  1645     R2:  1666    R3: 1686   R4: 1707    R5: 1728

Initiate short if it stays going down below 1585 for 3-5 minutes  then
S1 :  1565     S2:  1545    S3: 1525  S4: 1506    S5: 1487

Please do not mix intraday trades with positional trades.


                          

SBIN Update

SBIN Update
As we have expected, SBIN too moved in the expected direction. It made a high of 2470 and our mentioned level for shorting was 2463 which is a Gann SQ9 level. Our trade got triggered on 20/05/13 @ 2463 ( Shorted 3 Lots) and today our target of 2360 has been achieved successfully. And @ 2360 we have covered 1 Lot. Now our trade has become risk free. The rest of the trade will be carried forward with our trailing stop-loss @ 2460 on closing basis for further targets. The view remains same.

2463 - 2360 = 103 X 125 = 12875 Profit.

Nifty update

Nifty update

Today in Nifty the weakness continued and our 1st target has been achieved @ 6114. Now our trade has become risk free and we are now trailing our trade with our trailing stop-loss @ 6215 on closing basis, almost very near to our shorting level. The next targets remain same.
6220 - 6115 = 105 Points profit.

Nifty Spot 20/5/13 - 24/5/13

Nifty Spot 20/5/13 - 24/5/13

Nifty may face multiple resistance somewhere near 6207 - 6220 level. From here a short position can be taken with stop-loss @ 6235 on closing basis for the targets of 6114, 6067, 6042, 5970.
And if nifty gives a closing above 6220  then we will take longs in nifty for the target of  6338, 6361 with stop-loss @ 6207 on closing basis.
This time the chances are very rare that it can go above 6220 but we have to give respect to the market. Lets see has been store for us in this week.

Century Textile

Century Textile

In Century Textile a short trade can be initiated if gives a close below 322.6. The stop-loss would be 324 on closing basis and the targets are 278, 237
And if this script gives us a close above 324 then a long trade can initiated  with stop-loss @ 322 for the targets of , 348, 358, 410 , 432.

STATE BANK OF INDIA

STATE BANK OF INDIA

The result session of SBI is very near and also SBI has started showing negative divergence with RSI. Also there is -ve Wolfe Wave which all is indicating that a very steep fall is coming ahead in the banking sector. Bank nifty is trading @ the top which is also showing -ve divergence with RSI.
Chart1 is showing -ve WW for which the entry will be triggered once it closed below 2385 stop-loss would be 2440 and the targets are 2305, 2154, 2095.


CHART 1

A short trade should be taken from 2424-2463 zone with stop-loss @ 2475 on closing basis. Targets are 2424, 2360, 2263, 2167, 2083, 1976.

And initiate long if SBIN is able to close above 2475 for the target of 2552, 2584, 2612  with stop=loss @ 2463 on closing basis.

CHART 2

BHEL

---

BHEL

Short Bhel @ 200-203 level with stop-loss @ 205 on closing basis for the targets of 191, 175, 149

Long Bhel if it gives a close above 204 with stop-loss @ 199 on closing basis for the targets of 208, 255, 262-265 & 295

SBIN

SBIN

A short position can be initiated in SBIN @ 2359-2372 levels. There is  good -ve divergence with 60min ,4 Hrs , daily & weekly time frame. Stop-loss is 2380 (Closing basis). Targets are 2359, 2269,2183, 2168