L&T refueling . . .

L&T had a very good upmove. Now we see evening star formation. In case L&T trades below 1698 it will correct till 1630 levels just to refuel and fire a new rally. Target of 2100  was already given earlier.

Nifty Doji.

If Nifty opens below 8914 we can expect small correction due to doji.

Here confirmation of reversal comes only after the first few trades on next day.

Nifty Doji: Might correct in coming sessions

Doji in Nifty indicates a correction for rally which started from 8100. Correction upto 8350 expected in coming few sessions.

8500 Target achieved for Nifty. . .

Considering that target of 8500 given in March 2014 was achieved. There can be a correction or consolidation which will also be healthy for further rise. Current stop loss of 8000 to be considered. Close below 8K will bring in more selling.