Reliance Infra Broke-Out

As 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.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

Daily Share Tips on MPhasis and Lic Housing finance Future

mphasis

Buy MPhasis

support at 380-384

Crossover 389 may blast up to 399-403

Exit long below 377.

LIC HOUSING FIN

Lic Housing fin

Breakout above 389 seen

if sustains and not breaking 390

then rally up to 302

Maintain sl at 285

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

Nifty Future Setup For 1 January 2013.

nifty-futures

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.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

ESCORTS & RELIANCE Trading Tips

Escort

Escorts

Positive breakout above 70.

Buyers may take action above 74

Target = 77-79-83

 

Reliance-Industries Ltd

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.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

 
Continue reading

Daily Nifty Spot Analysis

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.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Continue reading

Share Tips for BOB, DIVIS Lab & Indusind Bank Future

Bank of baroda

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

Divis Lab

1075-1080 Support

Bulls may take control above 1092-1095

May kiss 1117

Exit below 1172

indusind bank

Indusind Bank

Support at 412-415 On Rising Trend line.

Closing above 424 Expect moves up to 435-438

Stop loss below 409

Continue reading