MRF: The counter is set to become the first company to kiss 1 lac figure/ share the counter is in a visible uptrend and has strong support at 93000-94000 ZONE and as long as it holds support areas, it is likely to move beyond 1.10 L
trading above 20 & 50-period average trading now well above earlier resistance areas should approach previous hurdles at 4225, which if sustained can continue towards 4450-4480
Stock taking support at lower zones, with that as sl and a close above chandler stop will push the counter for a good swing upmove
it is turning bearish and we may likely see a period of no return in the counter for the upcoming year or so! a kind of top-out formation which suggest long to be avoided as an investment. it can test 15200-14900 in coming months/years
1001 as per formation on charts with 550-560 as base and stop loss
syngene and its peer biocon both showing signs of one side upmove the stock looks great at cmp for a 15 % up-move to the least it was into a deep consolidation. from a good amount of time the best part about this time is it gave a good spike rejection and that too at lower ends of the box although sl should be respected
stock after one side upmove consolidating in range 185 to 210 with current formation i see 184 area as sl for 230 /250 + targets in short term Imp Is its above moving averages like 100/200 /20 etc
nifty50 mild softness required for healthy up moves later
gold TREND up , as long as 1640 positionally is on hold .. its a buy on dip ositional with 1640 stop close downide levels to watch max 1600 ( if 1640 breaks) while upside levels to watch is 1710
i feel that bank nifty as opened gap up today and all psu gaining and seem overbaught a profit booking as well as private bank looking weak , sppecially kotak and yes bank as well as hdfc too , i think it should come down to 25400- 200 levels on or before expiry!!!