Nifty has broken out of rising channel for upside of 14750/15240. Close below 14200, could allow index to cool down up to 13550.

Bank Nifty has been into a fresh buy zone since it closed above 31000 for a target of 33000.

Nifty 500’s, current up move target is seen at 12500. Beyond 12500 if index sustains for more than 1 wk a rally to 14700 opens.

Nifty IT completes it multiyear breakout target on monthly charts at 27k while on weekly charts at 27500, 27k would be a decider mark for this month’s closing, above which could allow another 35-40% rally, below which could open for 25% correction.

Nifty Auto has seen another breakout at 9250 for targets of 11100, this view negates if it closes below 8850 on a weekly basis.

Nifty Pharma recent breakout at 12500 has targets of 14000/14650 on the upside. On the flip side, a weekly close below 12400 could open the index for a short term correction up to 11200. However, on the longer term, the index is open to hit 18000+ levels.

Nifty Metal index is open till 3800+ where it could face a 13 yr resistance on charts. cooldown from 3800+ could be upto 3300.

Nifty FMCG breakout at 32350 has put chart open for 38400. This breakout is in place unless 31500 holds on weekly closing basis

Nifty RLTY index is well positioned to head another 30% higher to 410 if 320 / CMP is held by the end of this month.

Nifty SMLCAP 100 has seen a recent breakout 5250. are. Target for the same has opened for 8350.

Nifty MIDCAP 100 has seen a recent breakout at 17000. Targets for the same have opened up to 22800. Index is a life time high.

USD INR pair has given a small breakdown for targets of 70 and 68.5 on the downside. Weekly closing above 74 negates this view.