Reliance,SBI and Tata Motors @Long term Support

TATA MOTORS The 975-980 Band for TATA Motors is a good Long term support as shown in above chart. If its gets broken only visible support is @ 900 Levels. Stock has been forming lower lows and a close above 996 will negate that. Buy around 980 With a sl of 972 Tgt 989,996,1003 Sell … Read more

Technical Levels:Nifty and BGR energy

Nifty Hourly Nifty gave a expected upmove yesterday as per hourly charts.5440 was a level of Support and we saw an expected upmove inspite of weak global cues. Trade on System not on your emotion/Intutuion Now For today Arrow Marks in Red should be intital point of Resistance @5521 move above that should take us … Read more

How to trade Sideways market

Nifty has been doing nothing from past 5 trading sessions and many of my fellow traders are getting frustrated and irritated by the market moves.(including me )) We intiate Buy and see our profit going in a whip of seconds and hitting our Sl. We intitate Short it comes near our tgt and again get … Read more

Technicals:Bombay Dyeing,HDIL and Bharti Airtel

Bombay Dyeing Bombay dyeing has been respecting its upward and downward channel as shown in the chart. Break on above the trendline can add further rally to the stock. Mometum indicator are in overbought zone and Rise in stock is accompanied with expansion in volume which is healthy for stock Buy above 375 Tgt 379 … Read more

Technical Calls:NIFTY,HDFC and Larsen

HDFC LTD HDFC is forming an ascending triangle with lower trendline support @ 659 Levels and Facing upper trendline support@685. HDFC has been in trading range and its going smaller as per ascending triangle formation. Indicators are showing strength but break of trading range is important for any explosive upmove either on downside or upside. … Read more