Nifty near Resistance

Nifty would be facing resistance nr 4375 Level. While this might not be considered as the Sell Call but above 4375 level one can go Bullish all the way. . .

Suzlon heading 1000 ~ 1025 Level

Suzlon appears weak on the chart. You can see that the trendline is prevelant in this counter. Earlier it has taken support on this trendline smartly. One can wait for simmilar opportunity to arrive in next 10~15 days.

IPCL at support

After good amount of buying interest IPCL have now cooled down and now is at a short term trendline support.

340 would be Stop Loss for this counter.

Nifty Takes support at 200 days Moving avg.

With today's opening gap it is clear that Nifty have found support. Its nr 200 days Moving avg. so the low of 17th of 4002 makes an important support now.

200 days EMA comes to 4040. The bearish indications given in the earlier post seems to have ended.

It is now indication that the traders have to now switch their caps from bears to bulls.

Nifty might head to 4250

While trying to analyze I find that the head and shoulder pattern is apperent. Considering the neckline and the height of the pattern one can see that the predictable fall of 200 points is possible from the neckline.

The neck line can be roughly put at 4450 and hence we might see the Nifty seeing 4250 level. I would not trade based on this call but would be cautious in my action.

Do post your comments . . .