Third serious attempt at 6350 !

Nifty is now making third serious attempt to break 6350. As discussed earlier Nifty above this level it is giving signal of next bull phase. Considering that Nifty rallied on the expiry day it can be considered as trend decider.

However I will wait for it to break 6350 to become really bullish.

There are many stocks like Tata steel which are at good valuations even as index is nearing lifetime high

L&T resistance levels

On long term chart L&T has resistance at 1050 and 1400

Nifty in for correction

Considering candlestick pattern Nifty is in for the correction.

Tatasteel reversal

Inverted Head and Shoulder in Tatasteel
One can buy with target of 440.