Friday, October 14, 2011

JNSAR for 17th Oct & BankNifty's Tech.table.



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BN, below 9685, would seek support @ 9430-65.


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Thursday, October 13, 2011

JNSAR for 14th Oct & BankNifty's Tech.table.


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BN, holding above 9420(20sma), poised towards 50sma(9680+) now & 100sma(10000+) later.


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Wednesday, October 12, 2011

JNSAR for 13th Oct & BankNifty's Tech.table.



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BN would become weak below 9000-35-Wk.pivot/ DLEma.


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Tuesday, October 11, 2011

JNSAR for 12th Oct & BankNifty's Tech.table.



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BN poised to move towards 21Ema holding above the pivot.


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Monday, October 10, 2011

JNSAR for 11th Oct & BankNifty's Tech.table.



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BN could climb higher holding above 8965 & 8875.


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Sunday, October 9, 2011

Technical Analysis of Stocks @ a critical juncture.

Stocks have more or less achieved their minimum targets.
Tata Steel is showing +ve div with "near" completion of a 5 waves.
IcicBank has reached the lower range of its Mid consolidation range of 775 to 1000 offering good trading moves.
Infosys is reaching overbought levels but yet to signal a reversal.
RIL, after a weekly reversal & a rally, has now pulled back & rallied again to close above 50sma.
SBI poised for a reversal...If stays above its DLEma.
Week/ Month are yet to show a reversal.
Aggressive traders may attempt longs based on ST signals.
D
elivery traders may start part longs during pull backs or falls towards lows keeping 2% from the recent lows as a SL.
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