#BankNifty looks to be going for a retest of 31000 and #Nifty a retest of 14000-14250 levels from here

#Nifty has broken crucial 13800 level today. We may see 13600 and 13400. major support at 13200

#BankNifty retested 31000 levels and #Nifty retested 14000 level just as predicted.

But we have successfully avoided taking any long positions this week, i.e, saved our trading capital from the correction.

#BankNiftyFutures is going for a retest of 31300-31500-31700.

#Nifty 13550 levels will be crucial. A break below that and we could see a slide towards 13200

A confirmed breakout above 13790 in #NiftyFutures and we can see 13975 today. A break below 13700 and we can see 13585-13440 today. Do not take any trades between 13700-13790 until market gives a breakout on either side.

Both 31300 and 31500 done 💯💯

13900 done, so far so good.

A high of 31680 done! All targets achieved. #BankNifty futures may recede from here

13950 done and dusted. No point carrying any position further now since the overall market structure is weak.

Short covering underway in the market due to absence of negatives in the budget.

All indices at their resistances now. Bulls will need a breakout for the rin to continue and bears will need a rejection of these levels
Nifty Bank : 32700
Nifty: 14250

Bullish market structure confirmed. Bulls taking back control. Expect buy calls going forward.

#KEC
CMP: 386
STOPLOSS: 360
TARGET : 425 - 440
RETURN : 7 - 14%

#JKCEMENT
CMP: 2255
STOPLOSS: 2120
TARGET : 2385 - 2525

#ZEEL
CMP: 240
STOPLOSS: 225
TARGET : 260 - 285

Cement and Infra stocks breaking out.

#PTC
CMP: 62.25
STOPLOSS: 59.5
TARGET : 65.5 - 68

#CIPLA
CMP: 860
STOPLOSS: 820
TARGET : 900 - 940

To reiterate for the new subscribers:

WE SHOULD NOT RISK MORE THAN 1% OF YOUR CAPITAL PER TRADE.

STOPLOSS = Buy Price - Sell Price

POSITION SIZE = (Total Capital * 1%)/Stoploss

Strictly follow position sizing and stop losses in a disciplined manner.