NIFTY Technical analysis for 21st april 2010

DAILY CHART - 1

DAILY CHART - 2

• NIFTY closed above 5200 today. The short term upturn in line chart is still intact
• A daily close above 5283 with good volumes can take nifty to 5330 and higher.
• Staying below 20 SMA Weakness may continue.

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TATAMOTORS Hourly chart in a range

UPDATED CHART

• BOOK PARTIAL PROFITS HERE AT 808

TATA MOTORS RANGE

• TATAMOTORS in a range 760-798
• Break of 798 can give 815
• Break of the trend line can give 761

NIFTY 5 minutes in an upward moving channel

UPDATED CHART

• NIFTY short term channel broken on the down side

NIFTY 5 MINUTES

• NIFTY is moving in an upward moving channel
• any fall to the bottom of the channel can be used as an opportunity to buy with the channel bottom line as stop loss.

thank you

take care

Triangles of Tata Motors great trading opportunities

TATA MOTORS TRIANGLE UPDATE

TATA MOTORS DAILY

I present to you the triangles of TATA MOTORS. The previous one gave a near 300 point rally. The one that is developing now can give bigger results. An upside break out can expand the stock to a range of 800 to 1100. Break out on the lower side can bring the stock down to 600 levels