Monday, May 16, 2011

NIFTY WEEKLY VIEW::: LONG TERM VIEW IN POLARIS::

NIFTY VIEW :
 AS WE SEE IN THIS WEEK MARKET TRADE IN A BRODE RANG UP SIDE 5600-5610 LEVEL AND DOWN SIDE 5460-5470 LEVELS. LAST WEEK FIRST HAS BROKEN SUPPORT AND TOUCH NEAR 5440 LEVELS THEN TAKE U TURN UPTO 5600 LEVEL ON FRIDAY . AS PER  WEEKLY CHART OF NIFTY WE SEE ITS TRADE NEAR LONG TERM SUPPORT TREND LINE (5423), IF THIS WEEK NIFTY SPOT BREAK THAT LEVEL ON DOWN SIDE AND GIVE A WEEKLY CLOSE THEN WE ENTAR IN BEAR MARKET AND WE SEE MORE DOWN SIDE LEVELS 5340, 5230, 5175  AND ON UP SIDE 5610-5630 LEVELS THEN WE SEE SOME UP SIDE MOVEMENT 5754 (200D SMA). SO MANY NIFTY INDEX STOCKS ARE TRADE NEAR LONG TERM SUPPORT LEVELS , SPECIALY BANKING STOCKS. SO TRADE CAREFULLY THIS WEEK.  HAPPY TRADING WITH RISE 5RS IN PETROL







POLARIS SOFT:
AS PER 1ST CHART OF POLARIS WE SEE IS TRADE NEAR SUPPORT LINE , IF ITS BREAK 195 LEVEL THEN ONE CAN GO SHORT WITH STOP OF 1-2% OR ONE CAN GO SHORT ON RISE UP TO 210-214 LEVELS  WITH STOP OF 216 LEVEL FOR TARGATINF 204, 197.(214 IS DOUBLE TOP SO IS NOT EASY TO CROSS). IF THE STOCKS MAINTAINS ABOVE AND CLOSE ABOVE 216 THEN CAN GO FOR 225..240 ALSO..LETS WATCH THE MKT..MOOD WITH THIS STOCKS



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