Technical Calls:REC,Bank Nifty and Axis Bank

By | June 5, 2012

The rules are not hard to understand. Recognizing a profit from a loss is simple. If the rules are easy to grasp and a profit is distinguishable from a loss, where does the problem lie? What makes it so hard to apply the rules? There is something within each of us that has a power over our minds that prevents our acting according to what we have agreed is the proper course of action. That something is present in all of us and is very powerful, more powerful than anything I know. Let’s call it ego. Until we learn to get rid of our ego, we will never make money in the market consistently. Those who haven’t identified the ego’s ways will eventually be destroyed in the market because of their ego’s tendencies. It is just that powerful. The market rewards those who have subdued their egos. Those who rid themselves of their egos are rewarded greatly. They are the superstars of their fields. In the market, rewards come in the form of profits. In the world of art, masterpieces are the results. In sports, the players are all-stars and command enormous salaries. Every pursuit has its own manifestation of victory over the ego.

Axis Bank

 

Axis bank is near its important trendline resistance of 955,Break of same will 1035 odd levels.

 

Buy above 996 TGt 1007,1016 and 1027

Sell below 976 Tgt 964,956 and 944

 

 

Bank Nifty

9113 is an important support for Bank Nifty,moving above 9406 will add more pressure to current upmove

 

Buy above 9407 Tgt 9475,9514 and 9588

Sell below 9293 Tgt 9180,9110 and 8995

 

REC Limited

Triangle Formation in REC

Buy above 163.5 Tgt 164.7,166.7 and 170

Sell below 161.5 TGt 159.5,158.2 and 156.2

 

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