UPDATE ON INTRADAY NIFTY SPOT 5 MINS CHART
H&S BULLISH PATTERN FORMATION
MAY FALL BTW 5135-40 NIFTY SPOT FOR RIGHT SHOULDER
BREAKOUT ABOVE 5156 NIFTY SPOT FOR TGT 5175-90
PATTERN IS VAILD TILL HOLD 5130 ON NIFTY SPOT
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AXISBANK TODAY 50 DAY MOVING AVG @ 930
YESTERDAY CLOSE ABOVE 50 DMA IF MANAGE TO CLOSE ABOVE 930 TODAY ALSO
THEN IN COMING DAYS WILL MOVE TILL 100 DMA I.E @ 1011
KEEP SL @ 930 CLOSING BASIS CASH LEVEL
AXIS-BANK TODAY HAD A POSITIVE CROSSOVER OF 8EMA "918" OVER 34 EMA "913"
50 DAY MOVING AVG @ 934 CASH LEVEL OUR COMING DAYS TGT 965 / 985 / 1010
SO ON DIP KEEP ACCUMULATION AXISBANK WITH STOPLOSS 934 ON CLOSING BASIS
OUR ULTIMATE TGT FOR COMING FEW WEEKS IS 1090-1130
ALL CASH LEVELS
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NF INTRADAY BULLISH H&S PATTERN FORMATION
NOW IN FORMATION OF RIGHT SHOULDER NF BTW 4837-4842
PATTERN IS VAILD TILL IT HOLD LOW OF 4835 NF
NF BREAKOUT ABOVE 4855 FOR TGT 4875-85
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