Tuesday, August 16, 2011

NIFTY FOR 16TH AUGUST WEEK :: SHORT TERM CALL OF AMBUJA CEM.

NIFTY VIEW :- On Weekly Chart NIFTY Had Made A “Bullish Doji Star” Pattern, And On Weekly Base Its Made A Low Of 4946 But Then After We Have Seen Sharp Recovery Up To 5198 And It had Tried Twice In This Week For Cross 5200-5210 Level But Its Fail And Then We See One Again Selling Pressure Up To 5053 Levels, So If This Week Its Cross 5050 Level On Down Side Then We See More Selling Pressure Up To 4945..4880..4790. Levels, And If Its Cross 5210—5220 Level On Up Side Then And Then We See Some More Recovery Expect In Market. 
         Now NIFTY Has Entered In New Range Of 4945 To 5200 Levels. So We Trade Accordingly. Buy On Deep Around 4950-4925 Levels With Stop Of Below 4900 For Targeting Near 5150-5190 And Sell On Rise Near 5200 With Stop Of 5210-5230 Level For Targeting 5000-4950 Levels.

AMBUJACEM :-  As Per Chart We See Is In Down Channel And Friday Its Close Above That Resistance Line Of Channel , Buy This Stock near 132 with Targeting 135-140-144. Stock looking good at present level for long term investment..

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