Tata Steel Update

Tata Steel Update

Those who have initiated a short trade in Tata Steel @ 397-398 must be enjoying good profits.
We have booked partial profits @ 391 our1st target. Now trail your trade with stop-loss @ 397 on closing basis.

Nifty Spot (25/11/13-29/11/13)

Nifty Spot

Nifty is roaming around an important support zone from 5955-5935. A close below 5900 can drag Nifty towards 5880, 5750-5735.
Resistances are 6042-6050, 6212, 6340,
Supports are 5955-5935, 5880, 5750-5735.

 

Nifty Gann Chart

Also there is +ve Wolfe wave in Nifty. according to which 5950 is a support. And the 1st target is 6142 & final target is 6254.

Nifty +ve WW

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Tata Steel

Tata Steel

In Tata Steel this week time and price are going to square with each other.  From 398 to 415 this zone is full of resistance. Traders with less risk appetite can make short positions @ 410-415 with stop-loss @ 417 on closing basis. And traders with high risk capacity can  initiate their short positions @ 397-398 with stop-loss @ 417 on closing basis. Targets are 391, 378, 366,352, 338-328, 310, 295, 268-262.

Nifty Spot

Nifty is approaching towards a strong support zone. When & where to buy ? Whats the stop-loss & target levels??
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Tata Steel

Tata Steel

Long Tata Steel @ 338.
For targets and stop-loss subscribe us. For subscription details mail us @
infobullstrading@yahoo.com

Nifty Spot (11/11/13 - 15/11/13)

Nifty Spot (11/11/13 - 15/11/13)

Major resistance levels are 6177, 6292, 6340, 6401
Major Support levels are 6121, 6054, 6020, 5987-5978, 5920, 5861

Shorting @ lower levels is not suggested. A close below 6020 can drag Nifty to 5978, 5920, 5861 levels.

When & where to take long positions all the levels  will be mailed to the paid subscribers.

Reliance Industries

 Reliance Industries

Reliance Industries is reaching in the major support zone from 874-871. This zone has multiple supports of Gann angle (2X1), Gann retracement & Gann SQ9 levels . So, a fresh buy positions can be made at these levels with stop-loss @ 870 on closing basis. The upside targets are 875, 890, 912, 924, 935.

And,

A close below 870 can take this script down towards 813. So, a short positions can be initiated if Reliance Industries gets close below 870 with stop-loss @ 874 on closing basis. Targets for downside are 860, 854, 854, 828, 819, 813.
* All prices mentioned are of Spot price.*

Yes Bank

Yes Bank

Today price & time have squared with each other in YesBank.
All our paid clients have already taken short positions in this counter @ 381.
A short positions can be taken @ 383 with stop-loss @ 384 on closing basis. Targets are 378, 357, 337-335, 326, 318, 305, 295, 275.