Monthly Archives: November 2009

Trading IDeas

By | November 29, 2009 7:01 pm

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 Technical View

By | November 29, 2009 6:02 pm

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 »

Bharti Airtel Long term Charts

By | November 24, 2009 5:44 pm

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 »

Trading Ideas

By | November 23, 2009 6:06 pm

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 Technical View

By | November 22, 2009 6:22 pm

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 »

Nifty Technical View

By | November 17, 2009 7:11 pm

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 Weekly Technical View

By | November 14, 2009 4:08 pm

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 »