FOR NIFTY NOW PREVIOUS SUPPORT BECAME IMPORTANT RESISTANCE ZONE 12000-12100
TATA MOTORS NEAR VERY IMPORTANT TREND LINE @199-200 WATCH FOR CONFIRMATION ON LONG SIDE.. AS 199-200 IS STRONG RESISTANCE IF NOT CROSSED THAN AGAIN STOCK SLIP TO 180-155 LEVEL
It has made double bottom and than breakout from triangle providing good buying/delivery opportunity at current level @45 for longterm to medium term for target of 50-55
gap resistance near 855-881... resisted near the gap .. mdade the hammer and free fall today... below 855.. may slip to 820--800
FEDERALBANK ENTERING INTO MEGAPHONE WILL BRING HIGH VOLATILITY IN STOCKS "BUY ON DIP" MODE ONE SHOULD BUY NEAR TRENDLINE AND MOVING AVERAGE @86 FOR TARGET OF 96--104--112 IN MEDIUM TERM
CHART IS SELF EXPLANATORY.. FOR LONG TERM TO MEDIUM TERM INVESTMENT
INFY MADE TRIPPLE TOP NEAR @738 AND SHOWING WEAKNESS MAY SLIP TO 725--715
TATA STEEL approaching near major resistance of 472-480 any weakness near this levels will lead to 445---435 levels
NIFTY showing some exhaustion at higher levels and making lower high from last 3 days... may give correction upto 12100-12050
LICHSGFIN FINDING CONTINUOUS RESISTANCE NEAR 440 LEVEL... MAY CORRECT FOR IMMEDIATE TARGET OF 415--400
RELIANCE MADE DOUBLE TOP NEAR 1615--1617.. SHOWING SOME WEAKNESS NEAR THE TOP OF 1615-1617... MAY CORRECT FOR IMMEDIATE TAGET OF 1693--1675
ICICI BANK BROKEN DOWN FROM RISING WEDGE AND SOME EXHAUSTION IS SEEN ABOVE 540 iN SHORT TERM IT MAY TARGET 520--510
TATA GLOBAL SHORT BELOW 330--228... FOR TARGET OF 320---314
LT remaining below 1310 may target 1210--1140 in short term
Apollotyre may slip to 157--155--152
channel breakdown expect 845-- 840
US crude oil facing strong resistance near $59.... sustaining below $59 ... will target to $57.70---56 big bearish candle made.. shows weakness