NIFTY 20TH JULY

nifty had made double top near 3200+ and today we did double top downside target
2900 is a good support also tomorrow being being big daddies result reliance much depends on that.Trend from last few days is such very good results too were not able to hold the markets today ACC came up with fantastic numbers still it fell like cards so sentiments are heavy at the moment crude etc.I still feel long should be taken with care.
cheers
rish

NIFTY 18TH JULY

The double top made near 3200+ levels has a downside target of approximately 2910-2920
today as we saw,there was no buying pullback that showed the selling pressure , most heavyweights looks oversold so bounceback is not ruled out 2900 shud be a good level to buy some, though its advisable to be quite carefull while buying as today we fell as if we opened to fall traders will enjoy this market well few important levels 3000 is a pshycologicaly big level breaking of that will invite fresh selling.The upmove will be valiadated after we break that slant downmove trendline till then shorting looks more appropriate while trading.
cheers

BOMBAY DYEING

bombay dyeing looks to have violated the upmove trendline and it looks to target 530 in days to come trade accordingly.
cheers
rish

nifty 17th july

As posted on 15th nifty broke channel on friday and retested it again as it was resistance it has fallen back so upmove only if nifty breaks and gets back into channel upside big resistance is at 3200 levels. downside support are at 3085,3040,3010
next week has many heavyweight coming up with their results reliance being the biggest out of them keep as eye on that as it can single handedly play with nifty.
cheers
rish