INDIAN INDICES
Indian indices gained between 3-11%. Smallcap index gained about 11% followed by bank nifty and NIFTY metal by 9%.
NIFTY:
61.8% retracement is around 10500 and have multiple resistance between 10500- 11000 zone. 10800 is the zone below which we gapped down.
BANK NIFTY:
Double bottom pattern and RSI positive divergence visible on bank nifty chart.
NIFTY CPSE:
This index has not participated much in the rally, ready to move up 20%. Watch out stocks of this index.
NIFTY INFRA:
This index has not participated much in the rally, ready to move up 20%. Watch out stocks of this index.
NIFTY PSU BANK INDEX:
RSI positive divergence visible on PSU Bank index. Watch out PSU bank stocks.
STOCKS:
COAL INDIA:
Coal india consolidating from last 3 months and trading above 50 DMA .
Ready to BO from consolidation
HERO MOTO:
Consolidating above major support of 2300 and trading above 200DMA.
SUN PHARMA:
Rounding bottom formation pattern/ Cup and handle pattern. Clean chart.
DR Reddy's:
After forming Rounding bottom pattern it is consolidating at all time high level. Looking like Cup and handle pattern. Clean chart.
ONGC:
Trying to catch up??
NTPC:
Ready to BO from ascending triangle??
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