>Nifty 23rd may

Nifty breached today trailing stoploss which was kept near 5050 and kept trading for the rest of the day in range of 5010-5060 before closing near to todays low which is almost on trendline support.

Tomorrow being all important day INFLATION figures which with the kind off crude surge looks like would be on higher side its only matter of time when fuel hike is announced politics too cant hold things for too long(election year)thing to be watched would be how much hike may come lets keep fingers crossed and watch next 2 weeks would be full volatile with expiry too nearing it would be full DHAMAAL as of now for the levels 5050-5060 would act as immediate resistance for nifty upside.


There is a posibility of a triangle formation(technically) in nifty and if thats happening we could be in for a rise say till (5090-5100) D leg up for triangle.All in all 4950 with some error of a percent holds the key for the bullish case a chart is attached

Regards
Rish

>NIFTY VIEW

Nifty gapped down but unlike most of the world markets recovered smartly and closed in green,If you are long in NIFTY 5050 remains trailing sl for longs with short term trendline support at 5000-4980 trade accordingly




regards
Rish

>SESAGOA

Sesagoa is trading in corrective wave can target 4000-3800 levels in coming days before starting to move up again chart is attached.

>Trading day 20th may

Nifty gapped down today after three days holidays banks were the culprit Real estate too was under pressure

BHARTI literally forgot to rise since MTN stake buy talks initiated:)Well bharti is nearing its supports if it holds 800 a corrective rally in BHARTI can take the stock to 855-860 levels at least,Well ,If you wanna try a trade in bharti try to trade in it as close as possible to 800.

Hdil spurted unlike other realestate players which plopped today theres a buss about HDIL that it may announce bonus anyhow technically 870-880 is the place where it may see selling pressure.