LIVE Market Technicals with CK Narayan

If you care to look at technical charts before taking investment/trading decisions in the stock market, this is the place you should be visiting regularly. CK Narayan of Chart Advise, Dalal Street's most seasoned and arguably senior-most expert in market technicals, will share his technical tips on the go right here on this page. Stay logged in!

IndiGo
Prices have been under pressure for a while now and reached the KS line on the daily Ichimoku system. The weakness appears to be pronounced and hence it is quite likely that the KS line support could break. If it does, the cloud beneath is far away, suggesting a big fall. One can short on break of this support.

Mindtree
After dropping down into the weekly support zone pivot ranges, the stock has rallied nicely to reach the higher resistances and is now poised to stage a breakout higher. This can carry the stock to Rs 1,350 levels if the breakout is successful. The monthly pivot level of Rs 1,285 can act as a support and stop.

Manappuram Finance
The chart shown here is in Heiken Ashi format and it is seen that the recent mild rally was only upto a retracement zone, and now the indicator has flashed a sell. The prices will gather strength once it breaks below Rs 144 levels. One can short below Rs 144 for now.