Saturday, November 14, 2009

Bank Nifty-Update

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Thursday, November 12, 2009


This is the view based on "Price study":
If resisted @ 9500-9630 region, a correction to 9000 is possible. Staying within the channel, it can move to new highs.
This steep upmove may pause and the type of correction(Shallow or deeper) will give clues to its further upmove.
I will post its TA position later.
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Tuesday, November 10, 2009

Reliance - Day & Hour View.

If it makes another high in the hour charts, there are chances of -ve div developing. Or it may have to break the channel to resume downtrend.

It has been trading in a broad range since 4 months. As in "a" down, the "c" down has one more leg of down move. 2050 - 2150 resistances and 1800 - 1650 supports.
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