NIFTY VIEW ::: NEAR TREND DECIDING AREA...ABGSHIP FOR SHORT TERM BUY...

NIFTY VIEW :-   SUPPORT @ 5550-5495-5440
                                           RESISTANCE @ 5610-5650-5695
IF NIFTY COULD NOT CROSS 5610-5620 LEVEL  AND NOT SUSTAIN CLOSE DAILY AND WEEKLY CLOSE ABOVE THIS LEVEL THAN ONE CAN GO SHORT WITH STOP OF 5620 AND ABOVE FOR TARGETING 5550-5500. OR IF ITS CROSS 5610 AND SUSTAIN ABOVE
THAT LEVEL THAN ONE CAN GO LONG FOR TARGETING 5650-5695.

ABGSHIP :-  AS PER 1ST CHART WE SEE IS IN TRIANGLE PATTERN AND ITS CLOSE ABOVE RESISTANCE LINE OF CHANNEL,  AS PER 2ND CHART WE SEE ITS TRADE ABOVE 200D-SMA, MACD IS ALSO IN POSITIVE MODE, 14 DAY RSI AS ALSO ABOVE
MEAN LINE AT 60. ONE CAN GO LONG ABOVE 389 WITH STOP OF 384 FOR
TARGETING 405-409.

NIFTY TRIGGERED OUR SL :::

NIFTY HAS BROKEN THE RESISTANCE  TRENDLINE AND CLOSE NEAR THE TRENDLINE..NOW IMPORTANT LEVEL TO WATCH IS 200(EMA) IS AT 5745...ABOVE THAT WE CAN SAY THAT WE ARE BACK AGAIN IN BULL RUN..LETS WATCH  HAPPENS NEXT..

NIFTY VIEW ::: ELLIOT WAVE VIEW :::

ON MONDAY WE HAVE RECOMMENDED THAT SELL NIFTY AT 5670-5690...WITH A SL OF 5730-40.. AS ABOVE CHART NIFTY IS IN FINAL WAVE AND ALSO SUB-WAVE  OF DOWN TREND ..IF THE NIFTY BREAKS 5160-5190.. LEVEL THEN NIFTY CAN REACH UPTO 4750..4800..SO BE CAREFUL IN MARKETS..

NIFTY VIEW:: NEW BABY LISTED FOR SHORT "AANJANEYA LIFE" ..!!

NIFTY VIEW :- AS PER WEEKLY CHART WE SEE ITS COME DOWN FROM RESISTANCE
LINE (5730-40), AS DAILY CHART WE SEE 200D-SMA IS ALSO NEAR 5750 LEVEL. MACD IS IN BUY MODE AND RSI (14DAY) IS TURN DOWN NEAR OVER BOUGHT ZONE(70). SO ONE CAN
GO SHORT WITH  AT HIGHER LEVELS WITH A STOPLOSS  OF 5750 FOR TARGETING 5600-5577-5530-5495-5440.

SHORT TERM BUY :: BUY IDFC

AS PER DAILY CHART OF IDFC, THE STOCK HAS BROKEN DOWN TREND LINE AND TAKEN ALSO CLOSE ABOVE THAT .. SO BUY IDFC ABOVE 132.50 WITH TGT OF 135..137 AND 143 WITH SL OF 128..