SBI doing double bottom

Good reversal sign in SBI. Close above 1900 can take the stock to 2350.

Mahindra and Mahindra Breakout above consolidation

This stock has given a breakout above its long term consolidation. Stoploss of 950 and target of 1250 can be considered.

ABB Inverted head and shoulder

ABB : Inverted Head and Shoulder target 950

Nifty set for correction

Though longer term view stays bullish (As pointed out earlier). Currently Nifty have given Doji at the top of the uptrend. Next 6~7 days Nifty is expected to correct to 6300 levels.

L&T Levels

L&T has started a rally. . 

Well we need to watch for the 1400 levels where there will be some resistance. I do not expect it to resist for long. Once above 1400 we can see 1800 levels in this counter.

Nifty ready for 8500 . .

As waited for long and posted earlier many times decent break above resistance was awaited.

Yesterday's closer of lifetime high was with good volume. Also can be seen that OBV is pushing higher.

With this breakout I am considering first target of 8500 for nifty.

10000 is predicted earlier with mid term time line.