Thursday, August 29, 2013

Key Resistance 5441

Dear All,


With falling rupee and rising oil prices casting a shadow over Indian economy, Prime Minister Manmohan Singh on Thursday said the country is faced with a difficult economic situation for which some domestic factors too were responsible.

"It cannot be denied that the country is faced with a difficult economic situation," Singh said after Leader of the Opposition Arun Jaitley sought his response on the rupee hitting a life-time low.

"There are several causes (for the economic woes). I do not deny some domestic factors too are responsible," he said.

Listing some of the external factors that have impacted rupee and Indian economy, Singh said US monetary stance and problems created by tensions in Syria and its "inevitable consequences on oil prices" have played their role.

>>> NIFTY <<<

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Crossed 5342 & 5372 as wrote yesterday. Now 5441 key resistance should be crossed for any further upmove, else nifty may once again turn down. Lets See.

>>> BHEL - As Updated Yesterday <<<

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>>> Happened Today <<<

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Yes BHEL done second Target also.

>>> AXIS BANK <<<

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Yes today Axis Bank Rocked, Still lot of upmove left. All our Client holding Long and part booked on first target as shown on chart. Lets See. Cheers!!!