August 27, 2010

Nifty Futures target achieved

TARGET ACHIEVED
CHART - 2
  • Nifty futures is testing 5456 support line. Break down from this area can take it down to 5420 levels
CHART - 1

  • Nifty futures have been trading in a range of 5456 and 5487 since yesterday.
  • Bulls tried in vain to break 5487 many times.
  • Now the index is moving towards the lower end of the range. 
  • A clear direction may emerge only on a strong breakout from this range.
  • NEGATIVE DIVERGENCE IN NIFTY SPOT
By at

4 comments:

  1. rkAugust 27, 2010 at 9:30 PM

    sir what ur view on nifty after todays sharp correction upto 5408 area? will it give bounce?
    which stocks looks weak on the charts?

    about ur comment on sterlite, it has a strong fundamentals & it is one of the fovourate stocks of the market people....look like it will never break the 150 area decisively for a while...what is ur view on this stock?

    ReplyDelete
  2. SanAugust 28, 2010 at 6:02 AM

    @ravi

    I will take a look at sterlite and nifty. will post the analysis on sunday or monday morning.

    Thanks for your feedback

    ReplyDelete
  3. bapu52August 29, 2010 at 11:53 AM

    Sir,
    Can you post your view on Relaince Industries and tata Steel please.
    regards,
    p b chowdary

    ReplyDelete
  4. SanAugust 29, 2010 at 6:50 PM

    @ p b chowdry

    I will do an update on reliance and tata steel before monday morning.

    Thank you

    ReplyDelete

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