Economic growth Index of Industrial Production for June 2008 fell to 5.4% as against 8.9% in June 2007. But month-on-month, the growth has bettered from 4.1% recorded in May 2008.Manufacturing sector was the main gravitational pull, the main culprit pulling down the IIP growth. Manufacturing which accounts for two-thirds of the IIP fell down dramatically… Read More »
Nifty have formed Zig zag pattern on weekly charts This pattern started at the end of bull cycle making top at 6357 on jan 08 after completing 1st downwave at 4448 , the retracement wave was completed on 02 may at 5299 . The next major wave started from 5299 larger than jan fall till… Read More »
India Cement call not initiated.If people have shorted that should have made good money.Day’s High was 165.50 just rs 1 below the call and end result closed at 156.5. Guys go short if the call is not initiated on Buy side. Rel infra was down 0.5% only closed at 1095. Keep on booking profits 4300… Read More »
Buying excepted once it breaks/Trades above 166.50 Also Keep an eye on Hindalco charts attached in previous posts Lot of accumulation going in this.once it breaks /trades above 146 it can show 160 in short term.
Reliance capital for medium term Once it closes above 1470 can lead to a targets of Target1 1495 Target 2 1530 Target 3 1650 Stop loss 1,222.12 for medium term For a day trader go long above 1468 for a tgt of 1495 and 1515 by keeping a stop loss of 1401 Trend line in… Read More »
Move sl to 1075 and trail WWIL call still active Chambal can rock anytime Please maintain strict SL as market is bound to get volatile tomorrow before and after volatile session. Hedge yourself with 4300 ,4400 put just for insurance.
Balram pur keep sl of 81 and enter can touch rs 94 posted on 31 July Book profits on Monday Tgt already achieved.Book full on Monday. Dish TV already rocked Now Keep an EYE on WWIL Buy Around 27 adn can touch 30+ in a week Stop Loss 25.50 Chambal fert buy around 81-83 Levels… Read More »
Nifty has shown tremendous strength at lower levels and Stock having major weightage in Nifty Like SBIN and LT Reliance are in a mood of breakout will keep updating Charts of them Try to reduce long position around 4700 Nifty which should be reached in the week and wait for a dip to ebter again… Read More »
BREAKOUT FROM CONSOLIDATION!!!The stock is looking bullish on its daily chart, as it has given close aboveShort-term trend line as well as its 50 DMA with significant volumes onFriday. Leading Indicator RSI (Relative Strength Index) is rising withpositive divergence and has reached above the benchmark level of 50.Considering the technical evidences discussed above, we recommendbuying… Read More »
Above 16000 major turnaround.