Break Out for BAJAJ AUTO target around 1650

BAJAJ AUTO has give a Break Out above 1500. We expect the target around 1650.

Range bound Market can see buying above 5185 level only

We saw today the market playing between 5120 and has tested the Resistance level 5185 shown in Yellow in the above figure. We may see selling pressure coming for NIFTY around 5185 i.e. resistance level but if we can see the market closing above it we may see that level as a support and expect upward movement from there. If the 5185 level confirms we can expect Nifty to reach 5350 level as we don`t see any resistance till that level.

Can still expect buying

As predicted yesterday the oversold market did come in some buying and did come to our predicted level of 5175, Buying momentum may take Nifty to come around  5380 levels in the coming few days.  Trade with Caution as this is only a minor up trend the Primary Trend still remains bearish.

Against all odds we are expecting Bounce back till 5235 level

Hello Friends, the market bleeding as we have seen the last few days on account of the global meltdown. The charts drawing a picture where we are expecting the market to continue its down trend but tomorrow we are expecting NIFTY to come to at-least around 5235 levels and and then continue its way down. we can expect a bit of SELLING coming around 5175 levels.


Also we have the Psychological support of 5000 very close to it where we might see some early buyers taking position.