All world mkt negative our mkt also open negative. IS this black Friday?
On the daily chart, today’s opening gap will act as an important resistance and one should not turn bullish unless today’ gap is filled. While on the down side, Nifty is having a very good support of 78.6% retracement (of the move from 2,252 to 3,240), at 2,465-2410. Then after Nifty try to touch previous low 2252. On the hourly chart, Nifty is forming a falling triangle pattern, which is a terminal pattern. If this pattern breaks the upper trend line, the market has a high probability to rally in northward direction. The daily momentum indicator KST is still riding its negative crossover. The overall market breadth was negative with losers outnumbering the gainers
Century tex next tgt 125.
MAruti downtrend journey will continues its break 500 level which was very strong level for maruti. Its also break downtrend channel support near 485. Below 480 next tgt would be 450.
Reliance possibility to make previous Oct low which is near 930.
Rcom possibility to make previous Oct low which is near 150
We recommended to our client sell DLF on higher level. Now you can see what happen dlf currenty trading near 205.today keep sl this level next tgt 185,178
Buy ABB in declined SL 400.
Buy in Decline bounce back possible after this fall.
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