Strength only above 8390

Weakness till below 8372

Nifty spot likely to test 8296-8265

Seems like nifty upper limit locked at 8400 for this series

Nifty Currently hovering around 8372

Expect some profit booking up to 8397-8454

Strength CONTINUES above 8372

Weakness RETURNS below 8362

Former president and Bharat Ratna APJ Abdul Kalam died on Monday after collapsing during a lecture in Shillong.

Yes, As I told you on Friday that Party is not over.....

      

                    Be Ready for GAP DOWN

Again Nifty is in side way mode of trading.
Likely to test 8494 Spot and Below 8481 Down movement starts.

If nifty not sustain below 8481 then mild bounce expected...

Be in Bear till Nifty Spot below 8543-8563.

Watch out tomorrow SBI and ICICI both looks weak.

SBI WEAK BELOW 263 AND ICICI BELOW 300

Yes, We are bullish on Ashik Leyland

Can Touch 95+++ CAN BUY ARROUND 78-79

Holding period 2 months....

ADANI PORT HAS POTENTIAL TO GO UP TO....

         WE CAN SEE 380+ IN SHORT TERM
    Holding period minimum 2-3 months.......

Prices fell to the “Rising wedge’s support Line”, keeping the validity to next week..

Support & Resistances for Trading

Its very basic but very important for trading........

Stock market is all about demand and supply for a stock which is reflected in the share price of that company as Supports and resistances.

These are important levels at which point supply and demand exist predominantly. In the real market place, prices are moved by excessive supply (at resistances) and demand (at supports). Support & resistances form integral part of price trend following.

In the good old times, traders remember two most simple points from where good amount of buying(support) emerged as well as sellers (resistance) appeared. They have kept only these two points of a particular time frame(short term- for intraday and medium term for positional) and carry out their trades. The moment a support or resistance points are exceeded significantly, they adjust themselves to the new development and change their resistances to supports in the case of a Break-out and vice versa.