Monthly Archives: October 2010

Nifty Weekly Technical Analysis:Are we in Bubble Territory?

By | October 10, 2010 3:04 pm

Nifty 5 Mins Before giving a Technical Perpective let me give a Fundamenta Perpective on Nifty As per Emkay Reaserch Report we are still having valuation Comfort and still not in Euphoric ZOne Valuation comfort: Previous peak valuations in 2007 were at 24.5x/20.4x 1FY/ 2FY EPS respectively. Current valuations are at 19.3x/16.1x 1FY/ 2FY EPS… Read More »

Technical Analysis:Infosys,Reliance and Manglam Cement

By | October 10, 2010 2:31 pm

Mangalam Cement Mangalam Cement  is on the Verge of giving breakout  from trendline resistance line at Rs 168 as shown in below daily charts Along with breakout stock has also closed above its 200-DMA which is prevailing at levels of Rs165.6 for second consecutive trading session. Such a move is likely to catch buying interest… Read More »

Technical Charts:Sterlite,Educomp,AB Nuvo and Adani Power

By | October 7, 2010 7:50 pm

ADANI POWER Flag and Pole pattern formation on Adani daily charts and support at 100 DMA as metioned in charts.Stock is facing resistance at 138 levels and support at 133 levels.Volumes are on larger side from past 2 days and looks like stock will be revisiting the lower trendline before showing an upmove. Buy above… Read More »

Technical Analysis:KS Oils,Exide Industries and Essar Oil

By | October 5, 2010 8:49 pm

KS Oils KS Oils has given a bullish breakout today moving above its 50 DMA@52 with volumes and which has been eluding its for quiet a few trading sessions. KS oils now faces a resistance at 100 DMA @ 54.3 which if crossed will propel stock to its 200 DMA@62 in few trading seesions As… Read More »

Technical Charts:HindZinc,Videocon Ind,Anath Raj and HDIL

By | October 3, 2010 6:04 pm

HINDUSTAN ZINC HZL is technically looking very bullish as stock is closing above its 200 DMA with increase in volume.Stock  is taking support at 50 DMA @1080 and taking resistance at 1107 and 1126 levels. RSI is at neutral and can move up and MACD is on verge making positive divergence.Volumes are on Rise indicating… Read More »

Nifty Weekly Technical Analysis

By | October 3, 2010 8:54 am

Nifty Daily Charts Technically, last six day’s chart of Nifty is moving under channel pattern and breakout can be either side. Nifty breached the psychological mark of 6,100 decisively on the very last day of week and managed to sustain above that, currently facing stiff resistance at 6,210-6,230 if this level breached decisively then we… Read More »