iCharts Discussions

[sraj]

WORLD MARKET

World Index are in up move, reflecting this our market may also follow the trend, and in nifty spot intra chart there is a formation of H&S had broken out with target of 5030 to 5042, so soon expect 5030 ++

NIFTY SPOT

Today if nifty spot breaks 4906 then further up move possible, and 4972 may give some resistance, above this level next up side possible up to 5030 to 5040 as per H&S pattern in intra chart as shown in picture below ,

Same as if it breaches 4903 then further down fall may starts, and it may come down as per nifty today’s levels, but generally 5030 to 5040 is important place to watch for further continues up move

NIFTY SPOT TODAYS LEVELS

Nifty Spot above 4906 Target 4922, 4952, 4958, 4970 to 4972, 4996, 5017, 5030, 5042, 5073

Nifty Spot below 4899 Target 4885, 4838, 4823, 4800, 4796, 4750, 4734, 4690

SCRIPT TO WATCH

AXIS BANK

Buy above 1078 Target 190, 1097, 1103, 1146, s/l 1062

thanks
sraj