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Zee Ent.
Closed above consolidation zone.
Watch 213.25. Grab above this level.
See 218-220 levels.
Titan Ind
Close = 259.25
Strong Hurdle at 264-266.
Below which it May slide up to 254-251.
Exit if Crossover above 268
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Nifty Future
(Updated on 17.04.13 at 08.30 AM)
We were shouting form last 3-4 sessions that
Nifty future would not break below 5500.
See what has happened. Nifty future has travelled
from 5503 to 5708 in just two sessions.
Market Direction for Today………..
Traders should Watch 5720 levels carefully.
If doesn’t trade above 5720 except slide up to 5675.
Support @ 5673-5653.
Above 5713-5720 may rally up to 5732-5757.
Hurdle at 5760-5777.
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Recommeded to sell at 280-281 level.
Currently trading at 266.15 in spot while updating this
at 11.20 am and formed low at 264.10 in spot.
Short term traders may book profit at CMP=266.50
Minted money more than 5% in a single session.
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Nifty Future
(Updated on 15.04.13 at 07.30 AM)
Yesterday written that below 5565 Market would
favor bears only and would see 5519-5505.
Nifty future moved lower at 5515.10 and closed at 5535.
Market Direction for Today…
Support @ 5520-5514 for intraday.
Crucial zone at 5505-5496.
Chances that market may sustain above 5500 levels are higher.
Hurdle @ 5551-5555
Above 5538 see upside up to 5551-5560.
If trades above 5556-5564 and not breaking below
5538-5527 zone then expect rally up to 5580-5600
If trades below this level then NF may retest 5480-5454.
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Nifty Future
(Updated on 12.04.13 at 11.05 AM)
Yesterday written that Nifty future would take
support at 5536 and above 5558 sharp rally up to 5625.
Nifty future made low at 5542.30 and high at 5617.85
Now for Today…
Nifty future is down by 50 Points at 5544 while updating this post.
Now 5565-5586 is great hurdle for the remaining session.
Below 5565 see panic up to 5519-5505.
Above 5585 dont remain short.
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Tata Motors
Strong Resistance zone at 280-292
Less Likely to hold this zone.
Traders may short sell close or within this zone.
Momentum Indicators will be overbought in this zone.
Lower top lower bottom formations likely to continue.
Today it has kissed 280 at 34 bar EMA.
Conclusion
It may soon retest the 260-255 Levels.
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