Trading Calls — ABG Shipyard and ABB

ABB Ltd ABB has formed a base around 750 levels and facing resistance at down trending channel at 810. MACD is showing positive divergence. Buy above 810 Tgt 815,827 and 845 ABG Shipyard ABG Shipyard is forming a ascending triangle formation with rising trendline from bottom and a vertical trend line joining tops. Also the … Read more

Nifty Future and Bank Nifty Technical Charts

Nifty Nifty is posting a rally from the low of 5721 Will Nifty Bounce as  I showed technically that we did not break the low and positive divergence on RSI played there part fueled by very good IIP numbers. Market always makes a move that causes maximum pain to maximum people and consensus was on … Read more

Techical and Investment Calls:Hanung Toys,ALLABHAD BANK

Market is a place where all kind of rumors born in pessimism and some quarter take advantage in hammering the stock in the name of somebody else for personal gains. If the valuation is right even if somebody is involved the stock will find support See that you do not enter at wrong valuations. Hanung … Read more

Nifty Technical Level for Week Starting 13 Dec

Overall during the week ended 10th December 2010, the market witnessed a steep slide, with small-cap and mid-cap stocks taking a beating on concerns over regulatory crackdown on companies indulging in price rigging and an ongoing investigation into telecom corruption scandal. We anticipated both downside and upside in below posts Nifty Ready for Bounce Nifty … Read more