Technical Analysis Nifty,Andrew Yule,BASF Limited and ACC

By | August 1, 2010

Nifty Technical for Week Starting 2 August

Nifty Closed the Lasst week in red loosing 131 Points and taking support on 5 Week EMA on weekly charts as i have pointed in the chart above.5350 Levels on Nifty has proved to be a good support in past few trading sessions and a break and sustained below it i except a 100 points on Nifty whereas if we are able to cross 5415 in Nifty than we can accept a new highs in offing.

Nifty Support for coming week:5350,5318,5269 and 5225

Nifty Resistance for coming week:5380,5415,5450 and 5480

ACC Limited

ACC Weekly and Daily Charts are attached and Just drawing few lines on Chart and your trades are ready,No rocket Science just find support and resistance on charts.

ACC has been Resisting  the trend line on Charts and coming down as shown on charts.RSI is above 50 suggesting strength in stock and if coupled with volumes it can break the trendline and march ahead.

Buy above 844 Tgt 848 ,858 and 867 SL 826

Sell Below 822 Tgt 813 and 800 Sl 826

Andrew Yule

Andrew Yule after 9 days of downfall made a quick upmove  on rising volumes last friday and has moved above its short term moving average in a single trading sessions.All 5% float in market and goverment disinvestment on cards make this stock a good short term buy.Also based on technicals looks ripe for a good bounce in short term.

Buy on a close above 39 for a target of 41 44 and 48

Remember a Sustained closing above Rs 39

BASF Limited

BASF limited has given a 2 weeks sustained close above its breakout levels ie.461 on weekly charts.Stock is trading around its 52 week high and can go ahead and make fresh 52 week high as Momentum is present in this counter.  On daily chart RSI has been consistently trading above 50 mark which also exhibit strength in the counter accompanied with
expansion of volumes during the price rise.

Buy around a pull back of 461 or at cmp for a tgt of 485 500 and 514

Dear Readers/Fellow Traders,

I would like to have a feed back on the calls given here and i would like to make it more interactive so that readrs can also share there ideas and learn Technical Analysis and give and trade on there calls.

As you all know drops of water can fill a pot so lets make this site a platform for your ideas and implement them.

Your Feedback and suggestion in making this site more interactive and user friendly are welcome and will be highly appreciated

6 thoughts on “Technical Analysis Nifty,Andrew Yule,BASF Limited and ACC

  1. Ravi

    Sir, i want to know what nifty charts says for next week august 16 to 20 where as world indices tumbling on front of double dip.

  2. bramesh Post author

    Thanks Kunal,

    Will Start posting again in RnR.

    Rgds

  3. bramesh Post author

    Thanks Jagannathan,

    Andrew is buy only above Rs 39

    Do let me know if u can suggest any improvements in the site.

    Rgds

  4. kunal

    do read ur blogs regularly
    but u used to post charts on RNR in orkut pls keep doi dat or start ur own community
    and yes ur calls r good with simplicity attached to it

  5. jagannathan

    your bfutilities call was superb and earned fromit.But i could not hole till the end.Anyhow your call was superb.Now i will try andrew
    thanku

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