Monday, September 01, 2014

Crude Oil - 01.09.2014

Dear All,

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We are starting Commodities from today onwards. Our First Chart on Crude Oil - Suggest Buy. 5640 looks like a Double bottom and strong support. Buy with a Stop Loss of 5640. Cmp: 5810. Above 5950 Crude looks for more upmove. Lets See.

Next Resistance @ 8054

Dear All,

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Key Resistance as said earlier on the day @ 8024 Crossed and 8054 next to watch. Upmove to continue if the resistance crosses.

>>> Bank Nifty <<<

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Key Resistance 16140 and 16286 should be watched.

>>> UNITECH <<<

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Unitech if able to cross above the given resistance - then a good short covering and fresh buying may come in. We are long in this stock.

>>> ANDHRA BANK <<<

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+VE Div and followed by a break out today. Just Buy for a good rally. We are long in this stock also. Buy Buy Buy and enjoy the rally. Cheers!!!