Charts: SBI - SAIL - RELIANCE
Charts : ICICI BANK - MARUTI - NIFTY FUTURE EOD
NIFTY FUTURE 30 MIN
NIFTY FUTURE:
NIFTY FUTURE:
"ONLY VIMAL" - well that seemed to be the market's theme for the day. Reliance did a nice catching up act for the second day today - and also saved the market from going down. In the process it has an upward breakout on the EOD chart.
Having given the credit to the star performer for the day, i would like to add that market did go below yesterday's low and did not break yesterday's high - in the process it has done a lower bottom - lower top.
For tomorrow think bearishness only below 4770 with stop loss of 4800 and targets 4740 - 4720 and 4700. On higher side if market breaks 4850 one can buy with stop loss of 4830 and target 4865 - 4900.
Today Put Call Ratio remained @ 1.20 as against 1.22 yesterday. Surprisingly, the charts look bullish - market remains bullish but undertone reminds of bearishness. Well that's how puzzling the markets are and may be that's what brings all of us to markets every day.
We do have US markets to guide our opening session tomorrow.
With Best Wishes,
With Best Wishes,
Ketan Asher.
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