• NIFTY 50
  • The index is trading at a very crucial level in the daily chart .
  • On the upside 10120 at 100 SMA is likely to act as an important resistance in the short term.
  • However, watchout for a 15 min close above 10120 which may lead to a short term breakout.
  • RSI looks positive as of now and has given a close above 60 in daily. It is Important to watch out for next 1-2 days which will decide further direction in the index.
  • ITC
  • The stock is trading at the string resistance in 15 mins charts and has formed an ascending triangle pattern.
  • RSI has taken support from 60 level and shoes potential to move further up.
    Volume is more than average.
  • Once the prices break 188, the next resistance is 195.
  • Asian Paints Ltd.
  • The stock is trading below the previous week's close and has formed a descending triangle pattern in 15 mins chart.
  • RSI is weak and represents bearishness.
  • If the price closes below the previous week low 1577, the nearby support is swing low 1500 and resistance is 1625 on the 15 min chart.