LIX15 Technical chart

Hi friends,
                     Nifty introduced this LIX 15 index last year in july ,It contains stocks of different sectors,Looking at the structure of LIX index .

We have to see that this index holds 2500 then this count gets valid.Chart looks good countwise
we almost finishing a abc from december high,Keep close watch on this index this index
contains following stocks.

Axis Bank

Bank of Baroda

Cairn India

Hindalco Industries

IDFC

Jindal Steel

JaiprakashAssociates

JSW Steel

Maruti Suzuki India

United Spirits

RelianceCommunications

State Bank of India

Tata Motor

Tata Steel

Yes Bank

Regards
Rish

Nifty technical chart Triangle

Hi friends,
                   Looking at nifty chart yesterday expectation was a slow drop corrective in nature
which pretty well happened old post NIFTY.
Now nifty as i discussed yesterday could be forming a triangle and we are in d leg

Now if 6200 is held we should attempt 6300 to complete d leg ,Lets see how nifty
moves today.

If we don't rise from 6200 there could be a chance that d leg finished at 6272 ,Have to see
that Triangles keep you guessing till they finish.

Nifty Technicals Today

Hi friends,
                  Nifty yesterday went above 6250 which suggests i need to get in alternate
count too in picture.
A triangular shape is emerging on nifty.

 Looking closely the move up from the low i read it as ..

 

So i am looking for a small dump followed by some sideways move and head higher
for e wave.
Lets see how nifty unfolds

TCS Technical chart

Hi friends,
                  Revisiting TCS chart ,Had posted this on dec 29th stating at least 2300 was possible
even higher levels today stock crossed 2300 and closed above it with handsome gains
Refer to old post TCS TECHNICAL CHART .

Present situation positional traders can look to book profit more patient ones
can hold with traling sl at 2300.

The steep channel was broken upward at 2300+.