Our tgt achived in (Sell Cairn SL 181 tgt 175, Sell aban with tgt 770, Relinfra sell below 650 tgt 635,625, Cesc sell below 250 tgt 240,235, Bharat Forge look attractive keep Sl 89 tgt 95,99 AND MANY MORE tgt achived. )YESTERDAY we told that nifty have resistance near 3150 & Sensex have resistance near 10500. And you can see both level mkt can not cross and break support level 3050 then free fall up to its lower support line near 2890.
Today mkt have resisance near 2950 and if break yesterday low 2890 then more downside you can see up to 2850, 2800. Nifty, now, has a very high probability to take support at the lower trend line, at 2,850. Also Nifty has breached the support of 20-days simple moving average and 40-days exponential moving average. On hourly chart, Nifty is forming a pennant, which is a continuation pattern. So on violation of today’s low we may see a further down-move. The daily momentum indicator KST has also given a negative crossover. Today, bears totally outnumbered the bulls with 1,132 declines and only 104 advances.
In RELIANCE Good open interest built up near 1200 level. Reliance also below 15 days moving average. Below 1200 next tgt 1100
Sell Abb next tgt 465 Sl 485
Cairn look also week keep SL 175 tgt
IN THermax heavy selling seen at higher level so keep Sl 200 and go short next tgt 175
Tatasteel hug volume seen at higher level so keep SL 250 and go short next tgt 225. Real Estate Sector looking very week.
In every decline SINTEX show you positive movment keep eye on this counter 15 days moving average 191 is SL for sintex And buy above 200 it can go up to 225.
Dabur Pharma Buy above 45 next tgt 49
No comments:
Post a Comment