Friday, May 28, 2010

Bank Nifty confirms a reversal with momentum...

Only a close above 9407 would confirm a weekly reversal. If not, the daily reversal may carry it up for few days with intermittent corrections.

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Thursday, May 27, 2010

Tata steel may have bottomed out as with broader market.

To Dear Manu,
Tata Steel will attempt "540" soon.


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Bank Nifty poised to trade out of the falling channel.



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Wednesday, May 26, 2010

Bank Nifty poised for a short term reversal, if....

As all the scrips are in downtrend, profit booking may set a mild rally. However, settlement pressure will be on the bulls at higher levels, unloading of "stuck positions".


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Tuesday, May 25, 2010

Bank Nifty & Trading opps.



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Monday, May 24, 2010

Bank Nifty may rally in the short term with +ve div.

Though the overall trend of Bank Nifty is still Down, the short term trading favours a mild rally from OS area with +ve divergence.
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