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

BANK NIFTY FUTURE ANALYSIS: Huge open interest build up in bank nifty futures in April series indicating that its ready for fresh highs. BANK NIFTY OPTION CHAIN ANALYSIS: Highest open interest in call options is at 21500 strike and highest open positions in put options is at 21000 strike which is providing significant support. Technically speaking its

TCS HAS FORMED A BULLISH GARTLEY FORMATION ON SHORT TERM CHARTS. BUY AT 2470 WITH STOP LOSS AT 2450 FOR THE TARGETS OF 2500 AND THEN 2535.

SWING TRADING IDEAS FOR SHORT TERM TRADERS: TataSteel is forming third wave  formation when its break below 492 n today’s session. Sell TataSteel at bounce around 490-492 with strict stop loss at 500 for the targets of 480 and if breaks below 480 then 470 looks possible on the charts. Sell Hindalco Industries at around

ASIAN PAINTS HAS GIVEN A BREAKOUT ABOVE 1020 LEVELS AND MAINTAINED OVER THERE ABOVE ITS NECK LINE AND ALSO ITS IN A RISING MODE . SO BUY AT CMP WITH A STOP LOSS AT 990 CLOSING BASIS FOR THE TARGETS OF  1080.HER IS THE SNAPSHOT: