Trading Calls for 26 August

Nifty likely to open gap up Resistance comes around 4376 as excellent recovery seen today SBI should range between Rs.1,352 and Rs.1,399. Buy at the lower end of the band with a stop of Rs.1,343 and opens high and sell around Rs.1,402 with a stop of Rs.1,408/1,418. BHEL looks an excellent buy around 1721 buy … Read more

Kotak bank looking bullish

20 DMA BREAKOUT!!!The stock future recovered nicely from days low and closed with a gain of3.98% on Tuesday’s session. The stock has also given close above its 20DMA with good amount of volumes. Leading Indicator RSI (RelativeStrength Index) is rising with positive divergence and is sustaining abovethe benchmark level of 50. Considering the technical evidences … Read more

Nifty weekly Chart for 25-29 August

WEEK GONE BY_____________Support was expected & suggested(last week) at previous resistance trendline(now support trendline) around Nifty 4230, Nifty bounced from 4248 on Friday,contrary to expectations. WEEK AHEAD___________Nifty has taken supports as expected, but still weakish. Nifty is strong/weak above/below 4370 for the week. Nifty very weak on close below 4200, very strong on close above … Read more

RIL – RNRL GAS DISPUTE

By SP Tulsian Reliance Industries Ltd. (RIL) K. G. Basin gas supply dispute with Reliance Natural Resources Ltd. (RNRL) being heard by a Division Bench in Bombay High Court, took a new turn, when one of the judge on the Bench, Justice Mr. J. N. Patel, asked, why the brothers in dispute could not approach … Read more