Technical Calls:Bank Nifty,Bharti Airtel,Reliance Industries

By | December 21, 2011

Winning Trader’s Traits

  • Calm,Disciplined,Confident,Organized,Excellent recordkeeping,Business like approach,Professional demeanor

 

Losing Trader’s Traits

  • Emotional,Undisciplined,Anxious,Disorganized,No recordkeeping,Wants action & excitement,Amateur demeanor

Now you decide which Traits you are having and which one you need to develop.

 

Bank Nifty

Bank Nifty after long time will see green uptick on the screen with 7711 saved for the time being. As shown in above chart 7711 is very important long tern support for bank nifty and not breaking this shows that a rally is offing in abk nifty.

Buy above 7962 Tgt 8037 and 8113

 

Bharti Airtel

 

Bharti Airtel is trading in a channel and is trading near the bottom of the channel longs have good risk to reward ratio

Buy above 327 Tgt 330,335 and 339.8

 

 

Reliance Industries

RIL made a swift fall yesterday of 3% and made a new 52 week low of 709 but able to close above 711 which is its long term support. Till RIL holds 711 bulls will make all attempt to bounce back.

Buy above 725 Tgt 733, 739 and 747

Do not hold any longs in RIL once 711 is broken on closing basis

2 thoughts on “Technical Calls:Bank Nifty,Bharti Airtel,Reliance Industries

  1. Bramesh Post author

    Dear Sir,

    You can again enter the stock with sl at days low

    Rgds,
    Bramesh

  2. damodhar

    SIR IF ANY STOCK OPENS AT HIGHER LEVEL THAN GIVEN BY YOU , MADE HIGH TO YOUR GIVEN FIRST TARGET THAN WHERE SHOULD IT BE BOUGHT. THANKS.

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