Thursday, July 17, 2014

Resistance @ 7660-61

Dear All,

>>> Click the chart to see on full screen <<<

One more choppy trading today. Looks like a "A Cat on a Wall". So what's Cooking ???. As per the above chart - Nifty may see a hurdle at 7660-61, if able to cross may see a good upmove and short covering. Moving Average Cross over should be watched. Unlike previous sessions - Cross over has not completed yet. If gets completed, then rally to continue. So let's wait and see.

>>> JINDALSTEL <<<

>>> Click the chart to see on full screen <<<

Ofcourse first target not met, stock made a high of 303. so far we made 10,000. Well - looks like more moves pending.

>>> DRREDDY <<<

>>> Click the chart to see on full screen <<<

Yes - a Clear break out on chart. Just Buy for rally. Cheers!!!