Monday, June 6, 2011

WEEKLY VIEW OF NIFTY... AND DCB FOR MEDIUM TERM BUY::

NIFTY VIEW :- AS PER 1ST WEEKLY CHART WE SEE AS PER LONG TERM TREND LINE
ITS CLOSE(5516) BELOW THAT SUPPORT TREND LINE(5532),

 WE SEE 5400-5310 ARE THE IMPORTANT SUPPORT LEVELS, AS PER PERABOLIC SAR ON WEEKLY BASE IS ALSO IN SELL MODE WITH REVERSAL OF 5664. AS PER MY OBSERVATION 5590-5612 SPOT NIFTY LEVEL IS MOST IMPORTANT FOR NEXT UPMOVE. SO ONE CAN HOLD SHORT WITH STOP OF 5620 (SPOT NIFTY). FOR TARGATING 5400-5360-5328(LAST MONTH LOW) LEVELS. BELOW 5310 WE SEE 5240 5175 LEVELS.
 DCB:   AS PER WEEKLY CHART WE SEE THE STOCK HAS MADE CUP AND HANDLE
PATTERN (NICE INTERSEATING TECHINACL PATTER) AND AS PER THIS PATTERN
BRACK ON UP SIDE IS AVAILABEL ABOVE 65 CLOSE, ONE CAN GO LONG ABOVE 65
FOR TARGATING 77 AND ABOVE THAT 87-120 WITH STOP OF 58. OR
ACCUMULATING ON DEEP UP TO 58 WITH STOP OF 53-48. FOR TARGATING 65 -77.

No comments:

Post a Comment