Day & Positional Trading strategy- Reliance Ind. SBI, Sell Idea below 105
IDEA
Closing = 103.45
Sell below 105
Stoploss above 107.5
Target = 98-93
Reliance Ind.
Good support at 760-765 zone.
If not breaks support then see rally up to 795-804.
Closing below 760 may take up to 746-730.
SBI
Support at 2040-2055
Traders may enter long at 2055-2065 zone.
If revives then see rally up to 2100-2120.
Exit If trades below 2033 and may take up to 1976-1940
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Nifty Weekly Update- Crucial Support at 5530-5543 zone.
Nifty spot
Crucial Support at 5530-5543 zone.
There are Chances that market may
have a pullback from this zone.
Above 5580 see rally up to 5620-5630.
If closes above 5640 then see
this pullback rally extending up to 5720-5750.
Two closing + weekly closing below 5510
if happens then see slide up to 5470-5430.
5471-5430 zone seems major support
on rising trendline on weekly chart.
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Nifty future is trading at 5590 is behaving as per prediction in our website post.

(Updated at 01.00 PM)
Nifty future is trading at 5590 is behaving
as per prediction in our website post.
Nifty Future made low at 5558 and seems
attempting to recover the lost ground from 5557 support.
Now if trades above 5590-5595
hurdle zone then see more upside up to 5610-5623.
If Nifty fut is not able to trade above 5590-5595 then it will
retest the low at 5558 or break below this low.
Yesterday recommended by email to yahoo group
to short sell at around 5624-5630 for Target of 5555-5521.
First target almost done.
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Nifty Future Daily View – Crucial Support at 5566-5557

Nifty Future
(Updated on 05.04.13 at 08.35 AM)
Yesterday boldly written that below 5639
Nifty future would lower up to 5591.
Nifty fut made low at 5583.30.
Market Directions for Today…
Intraday support at 5586.
Break below may take NF lower up to 5577-5566.
Crucial Support at 5566-5557.
If holds these support then pullback
up to 5603-5623 not ruled out.
But decisive breach below 5557
see slide up to 5537-5519.
Major Hurdle at 5690-5710.
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Nifty stocks that are trading below 200 DMA
The Nifty is trading well below its 200 Day Moving Average (DMA) of 5632. A moving average is the average price of a stock over a certain time frame. The 200-day moving average represents the average price over the past 200 trading days. Technical analysts closely track the 200-day moving average. The moving averages act as support and resistance for the underlying security. A fall below this average indicates breach of support and consider closing the position inferring the long term trend has turned bearish. 33 stocks in the Nifty are trading well below its 200 DMA.
Nifty Stocks Below 200 DMA
RELINFRA -32.70%
NMDC -23.70%
HINDALCO -22.40%
TATASTEEL -22.10%
JPASSOCIAT -20.80%
HEROMOTOCO -20.60%
BHEL -20.20%
SESAGOA -17.30%
JINDALSTEL -16.40%
ACC -15.10%
AMBUJACEM -13.10%
BANKBARODA -12.30%
COAL INDIA -11.10%
GAIL -10.90%
GRASIM -10.80%
PNB -10.40%
RELIANCE -5.00%
ICICIBANK -3.40%
LT -9.5%
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