Quotes with Resistance & Support
Market Information

Technical View:: Nifty, HDFC Bank & Can Fin Homes

Posted on: March 17th, 2014 at 11:42 pm

Click on chart to enlarge. Would advice to trade in small quantites due to recent market rally and uncertainty over Poll outcome. Markets could show a strong move on either sides depending on outcome of poll results.

Nifty: Technically nifty has given a strong breakout above 6400 levels. It faces some resistance near 6590 levels. a close above 6590, it can head upto 6660-6680 levels. on the downside has strong support in the 6350-6400 zone.

nifty_daily_17-03-2014-1

nifty_daily_17-03-2014-1

HDFC Bank: HDFC Bank does look good technically. One can add few here for a short term target of 760-765. it has strong support at 705-715 levels.

hdfcbank_daily_17-03-2014

hdfcbank_daily_17-03-2014

Can Fin Homes Technically it does look good above 178 levels. In short term can head upto 200-205 levels. Has strong support at 175-179 levels.

can fin homes

can fin homes

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7 Responses

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  1. Manish Says:
    March 18th, 2014
    Posted at: 12:59 pm

    Can HDFC bk be brought at current price...


  2. md Says:
    March 18th, 2014
    Posted at: 4:55 pm

    What about renuka sugars? For 2 to 3 months period can i buy?


  3. CB Says:
    March 18th, 2014
    Posted at: 4:56 pm

    Hi Manish, yes, can add few at cmp

    Hi md, it can test levels of 24-25 in med term. can add few at cmp


  4. baldev Says:
    March 18th, 2014
    Posted at: 6:40 pm

    Hi cb which sectors are better for investment


  5. CB Says:
    March 20th, 2014
    Posted at: 11:50 am

    Hi baldev, midcap IT, Capital goods and Oil & gas look good.


  6. GATI Ltd Says:
    March 22nd, 2014
    Posted at: 4:43 pm

    Can I hold GATI for medium term ? What will be the roughly target ?


  7. CB Says:
    March 22nd, 2014
    Posted at: 6:52 pm

    Hi GATI Ltd, yes, it can head upto 66


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