STERLITE TECH ON FIREEEE...10% UP NOW..
WELCOME
Wednesday, 4 July 2012
STERLITE TECH: BOTTOMED OUT... BUT...YET TO BREAKOUT...
BUY AT DIPS.... ADD ABOVE 39 (BREAKOUT POINT)
SHORT-MID TERM TARGET: 45/47
IF BREACHES 47 ON WEEKLY CLOSING ==> THEN ITS GONNA BE A LONG TERM BET....
TGT IN SUCH CASE: 70/75
FOR ALL BETS: INITIAL STOP LOSS: 27 (WEEKLY CLOSING).
KEEP IT TRAILING
Monday, 2 July 2012
NIFTY SPOT: EXPECTEDLY STUCK AT 5300/45 RANGE... NOW IF FAILS TO BREACH IT, THEN ONE CAN EXPECT SOME PROFIT TAKING....
***NOTE: 5345 mark can move to 5370/75 if sideways flattish action continues for 1 or 2 days
IF one sees nifty spot failing to breach mentioned zone, then he
can try 5100 PUT with SL abv 5345 or 5375 (depends on resisted sideways
action on time frame). max risk Rs.1500 per lot (for expiry
players)....can be reduced to Rs.500/750 if one follows the SL with
given levels.
**overall
we are still in bullish zone until rising channel in intact. Nifty to
move in channel until change in degree (for current uptrend) or
breakdown on channel happens on the card.
Saturday, 30 June 2012
BIOCON----29 june 2012
LOOKS LIKE BIOCON BROKE OUT OF ITS WEEKLY WEDGE FORMATION
***IF SUSTAINS ABOVE BREAKOUT LINE
==>> EXPECT 248/55.......AND IF CROSSES 255 ON WEEKLY CLOSING WITH
SUPPORTIVE VOLUMES, THEN 280/85 COULD BE THE POSSIBLE TARGETS
NIFTY SPOT: REACHED NEXT HURDLE (5300/45) AFTER BREACHING PREVIOUS ONE AT 5180/5200....CHART ATTACHED
==>> NIFTY FOLLOWING CHANNEL PATTERN (EXCEPT ONE BREAK IN BETWEEN THE PATH)
==>> IF FOLLOWS THE CHANNEL, DOWNWARD ACTION IS EXPECTED FROM 5300/45 RANGE
==>> IF BREACHES, THEN DEGREE WILL CHANGE....AND UPWARD ACTION IS LIKELY TO TURN STRONGER
nifty view 29 june 2012
NIFTY SPOT: REACHED NEXT HURDLE (5300/45) AFTER BREACHING PREVIOUS ONE AT 5180/5200....CHART ATTACHED
==>> NIFTY FOLLOWING CHANNEL PATTERN (EXCEPT ONE BREAK IN BETWEEN THE PATH)
==>> IF FOLLOWS THE CHANNEL, DOWNWARD ACTION IS EXPECTED FROM 5300/45 RANGE
==>> IF BREACHES, THEN DEGREE WILL CHANGE....AND UPWARD ACTION IS LIKELY TO TURN STRONGER
Thursday, 28 June 2012
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