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13-Oct-2011:
As mentioned in this column that once crossover 16566, it will fire further and may test 17000-17200, and finally it was did so. Now today, consider support at 16910-16851, and crossover at 17000. It will test 17250-17500 in the near term.
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13-Oct-2011:
As expected Nifty has taken a support 5000, and a strong rally was seen. Nifty finally closed above 20 - 50 DMA. Now we may consider support at 5050-5034, crossover at 5710 and stay with volume first target at 5170, thereafter more up side.
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11-Oct-2011:
Nifty opened flatly and was showing range bound situation after showing strength mutely. At the end, it gave a good and fast recovery on the positive side and closed positively.
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11-Oct-2011:
BSE Sensex opened positively after showing some volatile situation. At the end, it closed strongly positively +2%. Technically, if it maintains above 17211, then we can see more positive side. Right now it is in double bottom formation.
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05-Oct-2011:
As discussed last week in this column that 17000-17200 are major resistance and major support 16000. Now this week, again consider resistance at 17500-17556, failing to surpass it will go down further to a lower level target of 16185-16000, thereafter overall selling up to 15366 is likely.
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05-Oct-2011:
Down side support exit 9380, once break and trade below lower level target 9300-9250 whereas some support and bounce back expected, higher level resistance 9650-9700 to watch out and major move only above that level.
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04-Oct-2011:
Last week, Nifty recovered smartly from Monday's low of 4758, made a high 5075, but was unable to hold, and again slipped. We may consider major resistance zone of 5130 to 5170 and decisively crossover will move further, down side support exit at 4900, thereafter overall selling likely up to 4750.
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04-Oct-2011:
As discussed last week in this column, 17000-17200 are major resistance, and major support is 16000. Now this week, against consider resistance at 17500-17556; and failing to surpass, it will go down further to a lower level target of 16185-16000, thereafter overall selling up to 15366 likely.
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03-Oct-2011:
In last week, Nifty recovered smartly from Monday's low of 4758, made a high of 5075 but was unable to hold and again slipped. We may consider major resistance zone of 5130 to 5170, and decisively crossover will move further down side, support exit at 4900, thereafter overall selling likely.
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03-Oct-2011:
Today Resistance level 17500-17556, failing to surpass it will go down further to a lower level target at 16185-16000, thereafter overall selling up to 15366 likely.
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