Wednesday, July 26, 2006

nifty 27th july


nifty is on a steep run up that can be seen in the chart it has taken out key resistance levels. 3105 is acting as support for nifty below 3100 3080 is very good support for nifty .On upside 3135 is the place where nifty may stop over.There could be an other view too nifty had flag pole breakout it is shown with thick green lines with a target of 3180.Above 3135 nifty will be quite strong and weak below 3080
tomorrow being expiry day be ready for wild swings
cheers
rish

RELIANCE


reliance trading over 995 its a good sign on upside it can target 1025-30
which is the base of double top trade accordingly 995 is support below which 975 is a good support

Tuesday, July 25, 2006

nifty 26th july


nifty has broken out of channel upside targets are 3040-3060. 3060 is the neckline for double top expect resistance ther downside nifty support at 3000-3005 can think of longs above 3040 spot also 2 more days for the expiry so be ready to see wild moves don't get into trade with predetermined mind be flexible.
cheers
rish

CENTURY TEXTILE


century can be longed with a sl of 350 target 375 sl is must
cheers
rish