Reliance Infra Rel Infra has been rising steadily from 315 levels and is near an important resistance of 395, unable to cross 50 SMA can see pullback in stock.Last time it touch 50 SMA @524 and corrected till 315. So tomorrow is an important day of trading. Buy above 398 Tgt 405,412 and 420 SL… Read More »
Reliance Reliance Industries has taken support its demand area of 760 range and as shown a pullback on Fridays session. Stock is forming a big descending triangle with trigger point closing below 760,On Upside 782 leads to breakout with minimum target of 800. Buy above 782.5 Tgt 786,791 and 800 SL 780 Sell below 776… Read More »
As Nseindia has still not provided the FII data I am discussing the data analysis without using FII Data stats NS closed at 6019 after making high of 6065 and low of 6008. Nifty bounced from our support level of 6000 as discussed yesterday. Nifty is holding 6000 with terrible breadth, Few stocks like Infy,… Read More »
Nifty Future made a fresh September series high today at 5409. We have important events lined up in next 3 days so trade with caution as volatlity will be name of the game. IIP data will come tomorrow at 11 Am German Court decision on whther ESM is part of EU treaty or not will… Read More »