Market Analysis

ICICI Bank is in a daily support zone, where Stochastic has gone below its Oversold level. But, the stock has a support of 100 and 200MAs line.(not a reco to buy/sell/ hold) Kajaria Cements is in a process of making...

Nifty (weekly close approx. 10452.30): This week Nifty was very range bound. After volatile previous week, which saw Dow Jones Future plunging close to 23000 and all the global indices falling in panic, this week was like a dream for...

Ashok Leyland is returning back from its resistance zone, a red candle with little shadow on top showcasing heavy sell off. RSI has a negative divergence in the chart while Stochastic is about to exit from its Overbought zone.(not a...

After making swing low APTECH crossed 200 day moving average with high volume and rsi crossed Above its oversold level. ( not a reco to buy/sell/ hold) India cement facing major resistance level after making swing low. India cement has tested...

TV TODAY breaks 52 week high and one month range and RSI crossed above 60 level on up side With low volume. ( not a reco to buy/sell/ hold) SHREE RENUKA SUGAR after continuous one month fall find support level and closes above Five day high and RSI came up from its oversold zone. ( not a reco to buy/sell/ hold) ASIAN PAINTS holding its support area after more than one month fall. The support has been Tested twice by ASIAN PAINTS. Price crossed above lower bollinger band and closed above four day high. ( not a reco to buy/sell/ hold) BLUE STAR finds its support after more than one month fall and Stochastic making positive Divergence above its over sold area. ( not a reco to buy/sell/ hold)

ELM Nifty Matrix ELM Bank Nifty Matrix

DALMIA BHARAT at support level and RSI oversold. ( not a reco to buy/sell/ hold) TATAGLOBAL BEVERAGES above 200sma and RSI crossed above oversold level. ( not a reco to buy/sell/ hold) EICHER MOTORS forming bullish divergence with RSI. (...

7 th Feb 2018 ELM Nifty Matrix 7 th Feb 2018 ELM Bank Nifty Matrix

Fig: Eveready chart EVEREADY at support and RSI oversold. ( not a reco to buy/sell/ hold) Fig: bank of Baroda chart BANK OF BARODA at support STOCHASTIC oversold and positive crossover below 20. ( not a reco to buy/sell/ hold) Fig: TTK Prestige chart TTK PRESTIGE at support MFI above 50 level and RSI oversold. ( not a reco to buy/sell/ hold) Fig: TVS Motor chart TVS MOTOR at support MFI and RSI both oversold. ( not a reco to buy/sell/ hold)

6 th Feb 2018 ELM Nifty Matrix 6 th Feb 2018 ELM Bank Nifty Matrix

Allcargo Logisticsat support with rising CCI. ( not a reco to buy/sell/ hold) TCS stuck in channel and RSI coming down from over bought level. ( not a reco to buy/sell/ hold) INDIAN BANK near support and STOCHASTIC oversold. ( not a reco to buy/sell/ hold) United Breweries near 52 week high with rising volume. ( not a reco to buy/sell/ hold)

Nifty (weekly close approx. 10760.6): This week Nifty started bullish on the back of budget euphoria on Monday. But as the week progressed, significant global correction set the bearish tone and Nifty started falling in run-up to budget. The reintroduction...