Wednesday, September 26, 2012

Nifty - Still Consolidation

Dear All,


>Click the Chart to see on full Screen<

Nifty not giving up even after breaking out of channel, raises concern about bears strength. 5640 Support and 5665, 5690 and 5720 Resistance should decide the trend in coming days.


>Click the Chart to see on full Screen<

Earlier Last week we had a Call on Hindalco Short - Which did not perform well. Even after breaking the main channel as shown on chart - not able to fall. So we covered our Short on Cost.


>Click the Chart to see on full Screen<

Tata Steel we had a Short Earlier - Covered with good Profit. Right now Tata Steel 392 which was its Previous Low and 389 act as a good support as shown on chart. Break below these levels may invite good sell off.

Lets get ready for the Interesting Expiry Day tomorrow. Cheers!!!