Monday, September 11, 2006

NIFTY 12 SEP


hi
hmmm so again a day of massive fall ,I did think of fall on friday nifty sep 08

but was expecting max 3400 well this market has its own reasons to move and in panic no support works it just keep going like an tank in jungle.Massive falls like this do follow with some rise lets wait and watch.
Technically nifty breached its strong support of 3400 downside nifty finds some support near 3290-3300.Dont be aggressive
cheers

NIFTY NIAGRA INTRADAY

ABAN


ABAN moving in an congestion area (1220-1215)is a good support try longing near this keep sl below this can really zoom above 1260 for a t1 =1320+.
cheers
rish
PS:-SL is must for traders keeping in mind current market situation.

Aarti industries


aarti industries moving on a 30 degree trendline and looks to be out of short term downmove (see slanting trendline starting from middle of june.Considering good support at 33.50 can long this script at retracement or cmp depending on individuals risk appetite for a target of 40-42.
cheers
rish