Trading IDeas
Buy TATA Communication above 394 for a tgt of 407 429 Strong support at 350 Buy Canara bank if it breaks 394 Tgt 397 410 430
Buy TATA Communication above 394 for a tgt of 407 429 Strong support at 350 Buy Canara bank if it breaks 394 Tgt 397 410 430
Nifty has closed below 5 EMA after phenomenal after the European opening and saw a good recovery. Now as per my TA you we have closed below 5 EMA which is at 5012 and 71.6% retracement also as show in charts attached above. We can see rally tommorow as asian markets should open higher but… Read More »
Got this report on Dubai Crises from JM Read this for Clarity on Dubai Crises. The Dubai Government announced yesterday that it has asked investors to extend the maturity of upcoming debt amortisations of two of its state-owned companies, Dubai World and its real estate development arm Nakheel, until 30 May… Read More »
Buy Ranbaxy if it Breaks 434 for a tgt of 437 445 457
IF we see the long term charts of Bharti Airtel it now has 2 supports at 267 the low which made recently and one more at 238 levels.The Rectangle which i have mentioned should be used to accumulate the stocks of bharti and if 238 breaks buy around 200 levels and forgot about the stock… Read More »
Buy Berger paints above 63 for a tgt of 66 and 70 Buy Bharat Electric once it crosses 1660 for a tgt of 1683 1720
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 »