Nifty Technical Analysis

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

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

SBin Hit tgt1 1395 Axis tgt achived call closed Infy call not intiated Sell Orchid Chemicals if it breaks 246 Buy BHEL around 1655

SBIN Looks Bullish in coming 2-3 days.It has Got support around 1309 and now it faces resistance around 1367 after than next resistance comes at 1395-1400 and than 1435 SO its better to go long on SBI with a Tgt of 1395- 1435 levels. Keep trailing the SL

First Major Axiom: On Risk“Worry is not a sickness but sign of health. If you are not worried, you are not risking enough”.Adventure is what makes life worth living. Every occupation has its aches and pains. The rich have to worry about their wealth. But, if there is a choice between remaining poor and worry-free, … Read more

Nifty Views updated in Charts given below Trading Calls Buy SBIN above 1367 Tgt1 1391 and Tgt 2 1420 SL 1330 Buy Axis Bank above 685 Tgt1 696 Tgt2 795 SL648 Buy TATA Steel above 591 Tgt1 601 Tgt2 619 Sl581 Sell Infosys at 1741 Tgt1 1700 Tgt2 1680 Buy RNRL above 98 TGt1 100 … Read more

Buying is excepted in Escort once it Breaks 87 where its facing resistance. Keep a Sl 0f 81 for buying done above 87

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

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

Disclaimer:Got this chart from a Friend.