ONGC is poised for a good base around this level of 65-70....! Good accumulation area. Below this even upto 50 it is still an addition Zone. Whenever fuel prices takes off from 25 $ upwards, ONGC will start getting back its lost glory. Oil Economy has still some steam left for another 5 years. Do not miss the Dividends.
Finally Nifty closed in the major supply zone @ 9365-950. On the downside short term major demand zone @ 8850-9100. If Nifty will sustain 9350 which is a lower level of its supply zone then it may test 9500 which is a higher level of the supply zone. Supply Zone is very wide so it is difficult to get a valid technical stop loss so I made a short position...
A super intelligent friend of mine Anjan Oleti over here thinks that I am misleading people & he promised to do the opposite of what I say. So today he had gone long in Intraday in NIIT Tech at 1186-1190 with target as EOD. NIIT Tech ended around 1177-1178.90. I hereby take this opportunity to congratulate him for an outstanding trade. All those fellow friends of...
REC has always been in a tight range. Now at the multi year support line. Play the range 88-121. Dividened is additional bonus.
IRCTC A GOLDEN STOCK HAD A DREAM RUN SINCE ITS LISTING IN NIFTY ( AGAIN AT IMP JUNCTURE CAN BE A MAKE OR BREAK LEG FOR THE STOCK) !) Stock Trading at a very imp support line which is at Rs 1250 from this move only stock had a dream run to 1950 level 2) Can be a make or break leg of the stock 3) Had a down side after strong buyer pack moves 4) Inverted Hammer...
Buy 495 SL 485 TGT 520 Educational only. For my personal observation.
It has activated an Ichimoku C Clamp which is suggesting a retest of 2175. View would go wrong if it trades above 2425.
for personal eperimental observations
will wait for either side break thing dont look easy as they seem confused set up for me