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Nifty @ 5530.65

Nifty @ 5530.65

Market gained momentum in the last week amidst buying from foreign institutional investors and ended the week above the resistance levels of 5460 and 5500. Next week being the expiry, market is expected to be range bound with some volatile trading. 5550 - 5600 will offer stiff resistance to ni...

Blockbuster Stock

Blockbuster Stock

  BUY GLAXO at the CMP of 2080 with a target of 2220 and a stop loss at 2025  . Time Horizon: 7-10 Days  Recommended on 26-07-2010        

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Markets are never easy to make sense of, but thank God help is at hand. Expert technician Kunal Saraogi helps you navigate the choppy seas of the Indian equity and commodity markets.    

 

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True to form, markets have once again cocked a snook at..

 

TRADING STOCKS

Updated on 02-09-2010.

Buy JSW Steel: SL 1156 TGT 1230

Buy Sterlite : SL 152.50 TGT 164

Bu Sintex : SL 360 TGT 377

Time Horizon 7-10 Days

TGT- TARGET
SL - STOP LOSS

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NIFTY DAILY

Nifty @ 5471.85

Updated on 02-09-2010.

Nifty Spot
Range                 5380 - 5533
Resistance        5510, 5533
Support              5434, 5380

Bank Nifty
Range                10720 -10989
Resistance       10947, 10989
Support             10813, 10720

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MARKETS WEEKLY

NIFTY @ 5530.65
Updated on 23-08-2010.

Nifty broke the resistance of 5460 decisively and ended the week at new 52 week high above 5500.  Price chart reveals the upward trend is still intact. Nifty achieved our first target of 5550 and a breach of this level will open doors to 5730 for nifty on the upside. 5460 is the crucial level on the downside while 5350 is the trend decider level on the nifty.

Weekly Range: 5350 - 5680.

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