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RELIANCE COMM LTD, UTTAM VALUE STEELS, VAKRANGEE LTD, RAVINDRA ENERGY LIMITED, HOUSING DEVELOPMEN, ADANI POWER LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
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Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
A break below 10600 Nifty should mean that the biggies have completed their distribution , which seemed to on looking at the channel formation of past few weeks.
The stock seems to be readying for a reversal . Investors watch the 1825 levels !
Being oversold, a technical rebound is now due - And the Biggies are buying it ... trade along !!
Watch the 24k level for BankNifty - Below this the bull phase will end !
Long term trend analysis coupled with reversal indicators suggest caution - A break below 850-860 could lead to profit booking
USDINR should test Rs 64.50 and 65 levels in coming few days which will act as major resistance zones.
Once cleared , a fresh view can be taken !
The Nifty seems to be forming a HEAD - which fact I discussed in my sessions as we touched 11k.
The next leg should be down towards 10400 - which is the neckline level.
Check my analysis based on fibs and trendlines
Scrip has formed a classical bullish wedge formation and the break out of the wedge is also supported with volumes
Low risk entry for indicated targets . Seems to be a good trade !
Simple trend line analysis suggests that EUR-USD is ready to break above the 1.1900 barrier in coming days. This should start another up leg for this Pair.
Rajiv D Khatlawala
A volume breakout above 1050/- should lead to a good price movement! Watch this !
Weekly bearish engulfing - will watch 800/- below which delivery based selling can be expected.
USDINR seems to be taking too long deciding a break out of the range of Rs 65 and Rs 64. Keep an eye on Rs 63.95....
Targeting 180+ levels .
Silver - should be positive abv 16.35 for a tgt at 16.90. Keep SL at 16.10 on longs
The breaking of the level of 1240 suggested a down move till 1205/1210 levels based on retracements.
Now a fall below 1204 can open up target of 1185/90 on the downside. Upmoves will be corrective.
Tata Motors i at long term crucial support of 440/- a close below this will weaken the stock. Refrain from buying