Bank of Baroda
Support on Rising Trend line at 847-852 region.
Above 853 Strong bullish trend.
May Breakout above 865.
Target = 878-882
Divis Lab
1075-1080 Support
Bulls may take control above 1092-1095
May kiss 1117
Exit below 1172
Indusind Bank
Support at 412-415 On Rising Trend line.
Closing above 424 Expect moves up to 435-438
Stop loss below 409
THOUGHT FOR TODAY ——————————
Optimistic Outlook
Optimism opens a door in difficult or hopeless situations. No matter what the crisis, an optimist maintains the outlook that it is a sign, time for a different way of thinking, or of doing things. Sometimes the signal has to be very clear even harsh, otherwise we may continue in self-delusion and not wake up. Of course if we lack optimism, instead of taking this signal as a step towards renaissance, complaint, resentment or even desperation will emerge.
Nifty spot
(Updated on 27-12-2012 at 07.20 AM)
Yesterday mentioned Nifty fut had resistance at 5931.
It could not cross over 5931 and made high at 5930.80
Strategy for Nifty spot for Today
Break below 5862 Expect slides up to 5851-5844
Nifty spot has strong support at 5844-5836 region.
5893-5902 Intraday resistance.
Crossover 5910 may take up to 5919-5928.
Decisive Break below 5836 may take NF up to 5814-5800.
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Tata Steel’s bull market being finally over ?
Tata Steel charts are given selling. Do you have patience for 3-7Days of Trading?
Tata Steel stock price is underselling zone. Just zoom the chart, watch closely.
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Recommended long position in
Nifty fut at 5850-5855
LT at 1610 for Target = 1632
ICICI Bank above 1114
M&M Fin
Extreme bullish above 1099
Grab around 1110-1120
Target = 1142
JK Lakshmi cem
No worry for bulls above 147
Buyers Area 155-158
Support at 147-151
Target = 168
DB Reality
Buyres zone 156-159
Bulls dominate above 152
Expect 165-168
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Nifty Future
(Updated on 27-12-2012 at 07.20 AM)
Nifty future saw strength by closing higher at 5913.75.
We have boldly written that crossover 5885
would take market up to 5911.
Nifty fut made high at 5926.
5899-5890 intraday support.
5860-5835 Major support.
Crossover 5931 Expect rally up to 5944-5856.
We recommended buying Nifty fut at 5850-5855.
See our post dated 24-12-2012.
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Japan is following in the footsteps of the man who laid the groundwork for the greatest global inflationary operation of the modern era. We see the Yen in the top panel of the chart below forming a similar pattern to that which USD made from 2000 to 2002 as an epic bubble in credit expansion was being fomented in the US.
The similarity in the charts (with a decade stagger) is striking and it is probably no coincidence that Japan has chosen to leverage its currency – which had been chronically strong since the 2007 beginnings of the US-triggered global financial meltdown – just as the US did with the once strong ‘King’ dollar in and around 2001.