Technical Calls:Bank Nifty,Bajaj Auto and Rel Capital

By | December 12, 2011

When putting on a trade, enter it as if it has the potential to be the biggest trade of the year. Don’t enter a trade until it has been well thought out, a campaign has been devised for adding to the trade, and contingency plans set for exiting the trade.

Bajaj Auto

 

Bajaj Auto broke an important support line and is nearing an important support of 1648,break below this will lead the stock in downward trend.

Stock becomes sell on rise once it closes below 1648.

Sell below 1644 Tgt 1619 and 1582

Buy above 1682 Tgt 1707,1725 and 1744

 

Bank Nifty

 

Bank Nifty closed at crucial level of 8811. This is the laxam rekha in short term as it has formed a DOJI candle.Close below 8811-8806 range will lead to break of nov low 8240.

 

Sell below 8806 Tgt 8750,8689 and 8568

Buy above 8871 Tgt 8932,9001 and 9053

Reliance Capital

Rel capital was up by 1% on friday when whole markets were falling. Stock looks week on charts from the entier ADAG .Above 303 stock again enters in the channel which it broke on Thursday session.

 

Buy above 300 Tgt303, 305,308,313

Sell below 292 Tgt 284,277 and 269

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