Technical Calls:Sterlite,Bank Nifty and Biocon

By | March 1, 2012 8:37 am

Bank Nifty

Bank Nifty has been trading in a downward channel ,yesterday was unable to cross the channel top marked in red line.

Bank Nifty has closed below 20 SMA also signalling selling coming on higher levels.Bank Nifty is also trading with 150 points premium 🙂


Buy above 10474 Tgt 10561,10667 and 10759

Sell below 10340 Tgt 10280,10208 and 10147

Levels Mentioned are Bank Nifty Spot




Biocon has been trading in a channel with support rising each passing trading day.

Buy above 276 Tgt 279,283 and 287

Sell below 271 Tgt 267 and 263




126 is the strong resistance for Sterlite,Break above this level only can see the continuation in Upmove for Sterlite.

Buy above 126.1 Tgt 127.5,129

Sell below 123.6 Tgt 122.4,120.1 and 118.7


4 thoughts on “Technical Calls:Sterlite,Bank Nifty and Biocon

  1. Priya

    Dear Sir,

    All of your Calls are Excellent.Especially Bank Nifty.
    Please Update Bank Nifty Calls Regularly……….

    Please Reply….

  2. mujju

    sir i am holding
    jk lakshmi @64
    redington @81
    indian hotles @69
    pantaloon @188 (i dont want to hold it for more than 2-3 days)

    please advice where to keep stoploss and what will be the targets

    please reply
    thank u

    1. Bramesh Post author

      Dear Sir,

      Without Knowing Tgts and SL how can you take a trade,

      If you are speculating i will not be able to help you. Learn the system and take trades just blindly putting money will not help you out in long run



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