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Nifty Future, Suppose to trade or close 6000 again, then watch targets as mentioned in chart.
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Nifty FUT:
Unlock This ArticleBank Nifty FUT:
Unlock This ArticleAs expected, Reliance Infra broke out of consolidation zone
and mail as well as update sent intraday to buy Reliance Infra
at 524 and add long at 532. Hold for Positional Target at 555.
Just watch the high.
Also recommended buying Reliance capital
above 482 for Target of 492
Earlier, We boldly recommended buying
Nifty fut at 5845-5855 range on 24-12-12
and the Result is in front of you.
Again, mentioned yesterday that Nifty spot will break out
above 5930 will take Nifty spot up to 5962.
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Buy MPhasis
support at 380-384
Crossover 389 may blast up to 399-403
Exit long below 377.
Lic Housing fin
Breakout above 389 seen
if sustains and not breaking 390
then rally up to 302
Maintain sl at 285
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THOUGHT FOR TODAY
——————————
Full Stop
To think over and over again about a mistake you have made once, is constantly to put stains on top of stains. Therefore, put a full stop to the past.
Nifty Future
(Updated on 01-01-2013 at 08.20 AM)
As mentioned yesterday, Nifty spot faced hurdle at 5919
and could not crossover it.
Nifty fut likely to break out above 5960-5965 resistance.
If sustains above 5975 with sustained vol then
except blast up to 6010-6022-6033.
5943-5933 intraday support zone.
Crucial support at 5910.
Our Target above 5975 is 6030 as written in previous post.
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Escorts
Positive breakout above 70.
Buyers may take action above 74
Target = 77-79-83
Reliance Ind
Looks on the verge of breakout
Hurdle at 847-850
No worry above 831 for short term.
Above 850 Target is 861-875.
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As like Last week, the US Fiscal cliff fear is still looming. Deadline is On Monday, Dec 31st.
Meanwhile, market likely to focus on India’s current account data for July-Sept due on Monday also
with any hike in petrol prices by the government to reduce the mounting subsidy burden of oil marketing companies.
Meanwhile, PMEAC Mr. Rangrajan again said that the reversal of monetary policy stand by
the RBI will come only when inflation shows definite signs of decline.
Nifty spot has been trading within a range of 5965-5823
for almost 15-18 sessions Which has formed descending
triangle pattern. This pattern has bullish implication
so most likely breakout may be on the upside.
Strong Support at 21 EMA at 5850-5830.
Hurdle at 5918-5930.
Crossover above 5930 with vol expect 5942-5962.
Three Consecutive Closing above 5965 may take up to 6022-6030.
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