Nifty Spot Updated on 23.02.13

Nifty Spot

Nifty is likely to hold the support in 5825-5840 region.

In this case it may pull back up to 5950-5970

and will form head and Shoulder pattern

which has bearish implication.

14 Period Stochastic and RSI is in oversold zone.

If shows more power than this pullback may

extend up to 6017-6030 where long term

rising trend line may stall the rally.

This up move will form another right shoulder.

In case Nifty breaks and closes below

5820 then nonstop slide up to next downside

support at  5750-5735 which is 

 23.60 % Fib retracement level.

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IDFC,Union Bank Of India & JSW Steel

idfc

IDFC

Closing price = 155.20

Moved up to 165 in a pullback.

Strong hurdle at 163-165.

Now will face hurdle at 158.

Likely to slide up to 152.

If sustains below 152 then slide up to 147.

Union Bank Of India

Closing Price = 226.80.

Pulledback up to 243 which is strong barrier.

Now below 233 bears will kill.

Expect panic up to 214.

JSW Steel

Bears may dominate the trend 790.

Sell on rise.

Traders may act at 770-777

Break below 763 may slide up to 752-744.

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Nifty FUT Trade Setup For 12 February 2013

BankNifty Spot

Strong hurdle @ 12470-12490.

Break below 12350 may take again up to 12270-12290.

Support at 12240-12260.

zee Zee Ent.

Support at 217-218 on rising trend line.

If violates then slide up to 212-213.

If buyers support then trend may revive and

move up to 226-229-232.

Whirlpool

Above 228 bulls may drive the trend.

Exit below 226.

Above 232 our target is 238-240.

Maruti

Sell on rise below 1226.

If Breaks below 1500 then again likely

to retest 1480-1468.

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Stock Updates Andhra Bank, BHEL, Colgate Palmolive (Colpal) & Sesagoa

Andhra bank

Andhra Bank

Positive trend above 103.20

May move up to 108-111.

BHEL

Bhel

Buyers zone at 210-212

Expect rally up to 215-218

Exit below 208.

Colgate

Colgate Palmolive (Colpal)

Above 1336 bulls dominate the trend.

Buyers may enter at 1344-1348

Crossover above 1353 may blast up to 1360-1367.

sesa goa

Sesagoa

Traders may enter at closing price

Exit below 167.

Our Target above 171.50 is 176+.

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Nifty FUT Trade Setup For 20 February 2013

nifty-futures

Nifty Future

(Updated on 20-02-2013 at 07.40 AM)

Just see the accuracy of levels written here.

yesterday, written that market would take

support at 5889 and would move higher

up to 5941-5960 above 5919.

Nifty fut made low at 5888 and took U turn

and moved higher at 5961 and closed at 5953.40.

Now for Today…

Support at 5936-5925 for intraday.

Crossover above 5962 may rally up to

5973-5981 Hurdle at 5977-5989.

If trades above 5990 with vol then may

rally up to 6009-6026.

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Daily Share Tips Newsletter: Tata Communication & Piramal Ent.

Tata Communication

Cmp = 233.80

Buyers zone at 230-232

No worry above 228.

Target = 236-241

Piramal Ent.

CMP= 575.85

Buyers may act at 573-576

No worry above 566.

Our Target above 582 is 590-596.

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