Expect Bank of Baroda and M&M Share Prices to fall while TCS Share Prices to Rise

In the last few trading sessions of 2016,Nifty stages smart recovery from 7900 odd levels to around 8200.Now the index is near resistance level of 8230.We have to shorting opportunities while a long for the short term.

Bank of Baroda and other public sector banks faced severe selling pressure in the past few days.The Bank of Baroda share prices broken down a Triangle Pattern recently,indicating lower prices for the stock in coming days.A short term trader may sell the stock around current prices of ₹ 153-155 keeping a stop loss above 156 for targets of 140 in coming days.

BOB

Bank of Baroda Daily Chart

M&M share prices also shown similar behaviour in the recent trading sessions.The stock may head lower towards ₹ 1100.Traders may sell the stock around ₹ 1170-1180 keeping stop loss around ₹ 1190.

MM

M&M Daily Chart

TCS and other technology stocks saw good up sides recently and they are still doing well.TCS has broken above a rising Triangle Pattern in last trading sessions.Now it may head towards ₹ 2570 in coming days if it stays above ₹ 2370.Keep stop loss near ₹ 2300.

TCS

TCS Daily Chart

  • Sukhdev Sarswat

    Sir me eqity option me karna chahta hu

  • Sukhdev Sarswat

    Sir mene apna pesa intrday me kho diya h sir usko recover karna h uska upay batao dir

    • Dear sukhdev,there is nothing like recovery in the markets.Just concentrate on your next trades.
      First thing i would like to share is that you avoid intraday trading till you have some experience.Select your trades carefully after a proper research and prefer positional trades of a few days than intraday.And do not go for excessive trades in a hurry to get back your lost money.
      You will surely have winning trades which will help you get back your lost money

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