Nifty continued with its winning streak third week in a row with 1% gain on weekly basis.It made a u turn in the afternoon session on friday and closed up with 62 point gain,But was unable to breach the resistance of 5080 as shown in charts attached above. FII and DII were net sellers on… Read More »
Tgt 419 422 429
NIfty is unable to cross the 5070 levels.Now point to ponder over is SMA cross over of 20 and 50 which is giving a bearish indication to me. Also the Trendline near 5010 if breaks can see a serious unwinding of longs. PUTS OI has deresed indicating shorted puts are geeting covered .IS it a… Read More »
Nifty Daily Charts shows the trendline got broke in the 12 day fall we have seen but it again got up the trendline within 3 weeks so it can not be considered as violation in trendline and on going correction in the bull market. Now whats next we are facing resistance at 5030 levels continuously… Read More »
Buy HDFC above 1742 for a tgt of 1756 1770 Support 1701
Buy Renuka once it crosses 220 for a tgt of 229 235 245 sl 195 Buy Tata Power if it breaks 1350 for a tgt of 1364
M&M Stock is making a new High and institutional are quiet bullish on it.Looking technically at this stock is taking support at its trend line (Shown as green color in the chart)Stock is an ideal candidate to be bought on dips. But one point of concern is Negative divergence which is observed in RSI and… Read More »
Nifty made low of 4542 and made a high of 5184 if we take fibo levels 61.8% it come around 4940 which is at level where we fall from today and we took support at 50% retracement level 4866.Next support comes around 4789. Levels to be watched out tomorrow Buy Nifty above 4896 Resistance at… Read More »
Primal Health-care Range Breakout above 408 for a tgt of 414 421 430. ACC Stocks at its 200 MA keep an eye on it Support is at 200 DMA Pivot:717 Resistance at 725 731 739
Maruti Suzuki Unable to cross 50 SMA which is at 1523,If that is crosses can see 1546 1560 and if not can see 1503 1480 1392 RIIL – Buy above 964 Resistance at 993 1042 Suupport at 871 Buy HDFC Bank above 1652 For a tgt of 1670 1686 Support at 1623 1607 Buy Andhra… Read More »