Tuesday, February 19, 2013

Dead Cat Bounce ???

Dear All,

> Nifty - Daily Chart <

>Click the chart to see on full screen<

Daily Chart shows Nifty took support at 23.6% retrace, at the same time 15 and 50 dma cross over suggest a bearish outlook which may bring back the bear once again. So the strategy at present may be 'Sell On Rise'.

>>> Nifty - Hourly <<<

>Click the chart to see on full screen<

Nifty Hourly Chart - Suggest a Break Out - May be a 'Dead Cat Bounce'. Possibility of Bounce shall be 5952, 5983, 6013 and 6056.

>> Jp Associates <<

>Click the chart to see on full screen<

JP Associates today crossed above 74.90 which was a Strong Resistance, and should cross 76 to achieve Targets of 79 and 82. Lets See.

>>>SBIN<<<

>Click the chart to see on full screen<

SBIN given on Weekly Review as a Break Out Stock and now tomorrow if trades above 2276 - Stock to zoom.

Lets See Cheers!!!