Sell Nifty Future 6043 to 6077
For targets 5988 and 5938
WELCOME
Tuesday, 16 July 2013
IGL ON CHART
Prices earlier took resistance of 50SMA level but managed to breach & close way above it, yesterday. This
closing seems to be near the Neckline level {290} of Inverted Head & Shoulder Pattern with upward
target of 30points from such Neckline level. Yesterday’s price movement was with more than above
average volumes too.
BUY when trades & closes above 290 with Stop below its previous Support zone, mentioned. Book Profit
near resistance zones.
CMP – 293.
RESISTANCE – 291, 295, 297
SUPPORT – 287, 282.80, 280.10
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