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
Subscribe
Notify of
guest
3 Comments
Inline Feedbacks
View all comments
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

You May Also Like