Charts for the Day

Nifty update:

It seems closing coming around here only. So a weekly buy mode will changed to cautious but up..it means until we accomplished daily strength, its wise to sit on sidelines or remain neutral.

As hourly into SELL mode already and daily too deteriorating, with weekly hold mode, it may possible to test 7110 levels...
Around there the intentions will be best seen whether bulls appetite is lost or its some rotation going on.


Time to see sectoral charts too...
 
Dear Anil sir,

Yesterday i bought JKBank at 1505/. I want an exit asap. Can i expect 1550/ on Monday.

Thanks in advance.
Dear Dipankar,

our esteemed memeber Mr. jain replied its related to something fishy in company, so its a reaction which has led the fall.

I really cant say, what will happen on monday..?? But the selling seems to highest in its history with volume comparison.

So its a little dicey here. I would say exit nearby to your entry if you get the chance. Why try to make a profit in something, which you yourself not sure of.

Better to employ funds elsewhere, where oppurtunities exist. Last thing is never try to catch falling knives. We are here for making money not entertainment.

By seeing chart it seems, it should test 1580 once before revealing its true nature.
 
Anil Bro I have PunjLloyd at 43.05 can you post a chart and your views on that if possible Thnx in advance
 
Anil Bro I have PunjLloyd at 43.05 can you post a chart and your views on that if possible Thnx in advance
Isn't Punj Lloyd in the business of defense contracts/manufacturing etc ?? With the new govt. considering 100% FDI in defense, it must be acche din aane wale hain for Punj Lloyd and Praj Ind.

of course, the charts will have their own view.