Tommrow Call

Go Long on Nifty Resistance come around 4370 Good Buying can be accepted after 4370 Level.4413 will act as a resistance. Maruti Try to buy in range of 605-610 Range tgt of 636 BHEL buy around 1721 for a tgt of 1751 and 1778 LT buy around 2575 levels for a TGt of 2591 and … Read more

REC LTD made a Break out today

The stock rose almost4.50% and closed above its 20DMA with significant volume on 1stSeptember. Leading indicator like Stochastic and RSI are rising withpositive divergence after coming out from the oversold zone. Consideringthe technical evidences discussed above, Go for it with a Tgt of 93,97 Stop Loss 89

NIfty Weekly 1-5 September

WEEK GONE BYNIFTY was suggested weakish below 4370, support was expected around (support trendline @ 4200). Nifty made a low of 4201.85 on Thursday and bounced sharply on Friday to close at 4360. WEEK AHEAD50% Retracement of upmove from mid July to mid Aug comes around 4215,Nifty has bounced from this supports. Nifty is recovering … Read more

GROWTH SLOWS

Dalal Street was in celebration mode. The lower than expected inflation figure, which at 12.40% is lower than last week’s 12.63%, announced yesterday late evening, set the moods. Then there was also news of crude prices falling. It was at $116.88 per barrel after dropping $2.56 dollars. This called for double celebration! And since morning, … Read more

Tommorows Call

Try to trade in INdex Heavy weights BHEL and Reliance can show very good Bounce backs Reliance Keep a Sl of 2052 and can go Long for a tgt of 2100 and 2138 BHEL keep sl of 1596 and go long for a tgt of 1686 1701 1750 Reliance is coming in Over sold zone … Read more