Nifty Spot
For this week view remains same. Support @ 5585, 5528, 5495 and
Resistence @ 5716, 5798, 5864
For this week view remains same. Support @ 5585, 5528, 5495 and
Resistence @ 5716, 5798, 5864
Sunday 31 March 2013
Saturday 23 March 2013
Sail
SAIL
Technically Sail is going to make a Tripple Bottom to which Gann has given a significant importance in his studies. A long trade must be initiated in this counter from 61.5 and keep on accumulating it till 55.5 levels for the targets of 114, 174, 233,292.
Technically Sail is going to make a Tripple Bottom to which Gann has given a significant importance in his studies. A long trade must be initiated in this counter from 61.5 and keep on accumulating it till 55.5 levels for the targets of 114, 174, 233,292.
SBIN
SBIN
SBIN is very near to an important Gann angle support which is at 2040. There is another support line (red color) which is at 2022 . The break of red colored trend-line can take this counter to 1875 level which is an another long term trend line ( pink color). A long trade can be initiated from 2040-2022 levels.with stop-loss at 2010 (closing basis). And a short trade can be initiated from 2010 for the target of 1875.
SBIN is very near to an important Gann angle support which is at 2040. There is another support line (red color) which is at 2022 . The break of red colored trend-line can take this counter to 1875 level which is an another long term trend line ( pink color). A long trade can be initiated from 2040-2022 levels.with stop-loss at 2010 (closing basis). And a short trade can be initiated from 2010 for the target of 1875.
Maruti
Maruti
Maruti is very close to an important Gann retracement level which is at 1270 from the low of 900 to the top of 1639. A long trade can be initiated at 1270 with stop at 1260 for the targets of 1360,1394, 1454 and If Maruti does not take support at 1270 level then the next major support is at 1184.
Maruti is very close to an important Gann retracement level which is at 1270 from the low of 900 to the top of 1639. A long trade can be initiated at 1270 with stop at 1260 for the targets of 1360,1394, 1454 and If Maruti does not take support at 1270 level then the next major support is at 1184.
Nifty Spot (25/3/2013 - 29/3/2013)
Nifty Spot
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Coming week will be volatile as this is an expiry week. Nifty is approaching near an important support, and also cluster of supports are there. Nifty may take support at 5585, 5530, 5520. And resistance levels are 5716, 5803,5864.
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Coming week will be volatile as this is an expiry week. Nifty is approaching near an important support, and also cluster of supports are there. Nifty may take support at 5585, 5530, 5520. And resistance levels are 5716, 5803,5864.
Tuesday 12 March 2013
Reliance Industries
Reliance Industries
Reliance Industries is taking support @ 843 which is a Gann angle support.
A long trade can be initiated @ 844 with tight stop-loss @ 840 for the 1st target of 861, 2nd target 884
&
A short trade can be initiated @ 839 with tight stop-loss @ 845 for the 1st target of 814, 2nd target 767
A close above 862 will take this counter to 884 and a close below 840 will drag it to 814 levels. So, a trade can be initiated in both sides with respective levels.
Happy trading !!!!
Reliance Industries is taking support @ 843 which is a Gann angle support.
A long trade can be initiated @ 844 with tight stop-loss @ 840 for the 1st target of 861, 2nd target 884
&
A short trade can be initiated @ 839 with tight stop-loss @ 845 for the 1st target of 814, 2nd target 767
A close above 862 will take this counter to 884 and a close below 840 will drag it to 814 levels. So, a trade can be initiated in both sides with respective levels.
Happy trading !!!!
Sunday 10 March 2013
Ranbaxy
Ranbaxy
There is a probable +WW in Ranbaxy . A buy should be initiated @ 345-346 level and can take a U-turn from this level for the target of
1st Traget: 395
2nd Target : 439
3rd target: 482
with stoploss @ 340 (closing basis)
There is a probable +WW in Ranbaxy . A buy should be initiated @ 345-346 level and can take a U-turn from this level for the target of
1st Traget: 395
2nd Target : 439
3rd target: 482
with stoploss @ 340 (closing basis)
HeroMotocorp
Update on Heromotocorp
How beautifully it took Uturn from 1640 It zoomed from 1640 to 1750.What a wooo move.
How beautifully it took Uturn from 1640 It zoomed from 1640 to 1750.What a wooo move.
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