Nifty closed weak on weekly charts making a bearish engulf candle stick.
Nifty daily RSI closes below 40 making a range shift on Daily charts.
Nifty is a sell on all rise or below 8100 on june futures.
Bank nifty trading with high volatility from few days. Bank nifty made a lower top and lower bottom and now trading in a range. Next week trade with caution as gujarat election results are awaited. Can go long above yesterday's high of 25600 with a target of 26000.
NF trading close to ALL TIME HIGH. Strong bullish candle weekly. Can expect some cool off .Can consider as buy on dips. Daily in a trading channel. Wait for some clarity.
Today's Picks 25/5/2018 BUY RELIANCE AT 918 WITH A STOP AT 910 FOR A TARGET OF 938. BUY LIC AT 472 WITH A STOP AT 467 FOR A TARGET OF 487. BUY YES BANK AT 334.5 WITH A STOP AT 330 FOR A TARGET OF 345. BUY VOLTAS ABOVE 540 WITH A STOP AT 527 FOR A TARGET OF 568.
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