Wednesday, March 20, 2013

BANK NIFTY, ITC, JSWSTEEL AND NIFTY CHARTS AS ON DATE 20-03-2013.


AS PER THIS BANK NIFTY DAILY CHART WE SEE ITS FIND SUPPORT NEAR VERTICAL SUPPORT LEVEL OF  11256 AND BELOW THAT 11125. SO IF TOMORROW ITS SUSTAIN THIS LEVELS THEN WE SEE SOME BOUNCE BACK.
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AS PER THIS CHART WE SEE ITS BREAK VERTICAL RESISTANCE LEVEL OF 306.5-307 AND ITS RISE WITH GOOD VOLUME, SO IF ITS SUSTAIN THAT LEVEL THEN WE SEE SOME GOOD MOVE ON UPSIDE.
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AS PER THIS JSWSTEEL IS NEAR GOOD VERTICAL SUPPORT LEVEL 632, SO IF ITS SUSTAIN ABOVE THAT LEVEL THEN WE SEE SOME BOUNCE BACK UP TO 651-678 IN THIS STOCK.
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AS PER THIS NIFTY DAILY CHART WE SEE IS IN TRIANGLE PATTER AND ITS CLOSE JUST ABOVE SUPPORT LINE  (YELLOW LINE NEAR 5697) OF PATTERN. SO IF NIFTY SUSTAIN THIS LEVEL (5697) THEN WE SEE SOME BOUNCE BACK UP TO 5740-5778-5830-5850. TREND REVERSAL ONLY ABOVE 5960-5980 SUSTAIN WITH GOOD VOLUME.
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HAVE A HAPPY TRADING DAYS.

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