Nifty CMP : 3234.9
As per the trend channel shown in the weekly chart. Nifty is a Buy Only above 3250.
From the figure it is witnessed that nifty has broken its blue trend channel and now
started trading between the red trend channel. Failure of nifty below red trend channel
will initiate continuation of long term selling pressure once again. If mangage to Nifty
close above 3250 will target 3800 and 4000 in short term
Related Readings and Observations
Reliance Telecom Infrastructure IPO Anil Ambani's appetite for raising funds from the primary market seems to be insatiable. Barely a fortnight after his Reliance Power completed the country's biggest public issue, another […]
Paracables Short Term Call : Target Rs 55 Script Name : Paracables CMP Price : Rs44.25 Target Price : Rs 60 Time Frame : 1 Month(Short Term) Potential Upside : More than 20% About the Company Paramount […]
Follow up : Silver on edge !!! Now silver is trading around $21.65 & as we can see on charts, this area represent a combination of many supports. The lower tradeline of current descending channel with 61.8% feb […]
Hero Honda Analysis : Reader’s Request
GANN FANN Charts drawn between the 2003 low and 2006 High. GANN FAN charts shows a breakout above 900 and 1380 levels followed by hitting near the resistance region 1765. Now […]
Emotional Trading Vs Rational Method Of Trading. Most of us invest based on our gut feeling or intuition also called instinctive impulses.Psychological factors such as greed ,fear ,hope and pride or Ego dominate our investing […]
Non Repainting NMA Swing Trading System AFL code This is the non repainting version of afl code as per request from one of our regular reader of marketcalls (Vaishali Kamble) with some improved features .Download the Non Repainting […]
Leave a Reply