TV TODAY IS IN FIFTH WAVE LOOKING TO TEST 280 ON THE UPPER SIDE. INDICATORS ARE ALSO SUPPORTING. HERE IS THE SNAPSHOT:

Tata Steel has formed a triple top and also has confirmed the down ward trend after breaking the neckline below 460 levels. Open Interest also increased during the breakout which suggests short build up increased during the formation. Selling already initiated at around 460 levels and downside looks minimum to 436 levels. But sellers be

Bearish butterfly formed in Ambuja cements. Moreover, open interest positions suggesting that the traders are shorting the stock as prices are falling and open interest increasing with good volumes increasing in number of contracts also is a bearish sign. 

Nifty futures are ready to take another higher top around 9330-9350 levels which is actually a trend line resistance. After opening on a flat note nifty jumps to positive side and maintained over there throughout the day . Moreover 9140-9145  will become a very important support level as trend line providing a very good support

A rounding shape pattern in an uptrend resembles that the price is going to continue the trend as it has formed a base to move further. The stock price is already over priced and trading in an overbought zone. But still trend followers can take the position as trend is becoming more strong. Also ,on

After making higher highs now RELIANCE INDUSTRIES is looking a bit in over bought condition.Shorter term indicators suggesting a bit of negative divergence.RSI oscillating in over bought levels. Moreover , I have noticed open interest build up on shorter side for the last two days. So  buyers be cautious and short sellers trade this as

An inverse head and shoulder formation is a price pattern which resemble the upside momentum to continue after a neckline breakout.It considered to be highly authentic and a solid formation if its being forming in a bullish market.Also these types of price patterns must fulfill the time cycle for a particular formation. So in my

Nifty futures looking to rise around 9200 levels for march series  as open interest build up on long side plus foreign investors onflow keeping the momentum on upward direction. Nifty put call ratio suggesting the sentiments are positive. Technical picture also favoring the bulls. So buy nfty futures at 9100-9120 with stop loss at 9075