NIFTY-I: we are in earning season where is Banknifty is not that great compare to Nifty. There is Probability something is cooking at highs to give move below 9900. In short term, political turmoil can also add to the fire as elections are coming in Gujarat and there is lot of heat on economic front.
Keep your long bets hedged is advisable.
Reliance-I: A dhakka, can move reliance towards 800 but globally Energy Stocks are next metal stocks and long term rally is possible in reliance.
HDFCBANK-I: Is this the reason not much move in Banknifty. too much squeeze & waiting game is going on.
Bankbaroda-I: Now at resistance. good risk return shorts can be intiated between 143-145.
Hindalco-I: some pause after rally but not worth shorting.keep an eye on.
CRUDEOIL: All signs are there of some pause in this recent decline.
NOTE: CHARTS & COMMENTS ARE FOR EDUCATION PURPOSE AND INVESTMENT/TRADING ADVICE.
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