Monday, May 2, 2011

NIFTY VIEW : NEAR SUPPORT AND RESI..MAY LOOK SIDE WAY FOR THIS WEEK ... SELL CALL FOR SHORT TERM IN BAJAJ AUTO...


NIFTY VIEW:-  AS PER  DAILY CHART WE SEE 5690 IS GOOD VERTICAL SUPPORT ZONE, IF NIFTY CLOSE BELOW THAT THEN WE SEE 1ST SUPPORT IS NEAR TREND LINE OF 5600 AND BELOW THAT 5400,5310 IS GOOD SUPPORT LEVELS. NIFTY 2OOD EMA IS 5747. 
 
 
 
BAJAJ AUTO :   AS PER WEEKLY CHART OF BAJAJ AUTO WE SEE IS ALSO TRADE NEAR LONG TERM SUPPORT TREND LINE  AND THIS WEEK ITS MADE “BEARISH SPINNING TOP” PATTERN ONE CAN GO SHORT BELOW THIS WEEK LOW OF 1450 WITH STOP OF 1475 FOR TARGETING 100-150 RS ON DOWN SIDE.
 
 

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