Technical View:: Nifty, Tata Steel, JSW Steel, PNB & Bata India
Click on image to enlarge.
Nifty: Technically Nifty does look strong and is in a long term uptrend. After recent rally, nifty has been consolidating in the 5950-5820 zone since last week of November. A close below 5820 could take nifty to lower levels of 5700-5750 where again strong support comes in. A close above 5950 can trigger another 80-100 points upmove.
Tata Steel: Tata steel has turned strong technically. Has given a good breakout above 420 and at cmp 438.20 looks good for another 18-20 points gain. One can enter at cmp for a target of 455.
JSW Steel: JSW steel gave a triple top breakout at 780 levels. Managed to cross it and then trade above it for few days. At cmp 831 looks good technically. Can head upto 860-870 in coming days. has strong support near 805-815.
Punjab National Bank PNB looks strong above resistance levels of 860-870. One can look to enter it on dips near 875-880 for a short term target of 925.
Bata India: Bata India has seen a good rally in last 1-2 years. recently has started to witness some profit booking come in on rise. Has formed good support near 845-850 levels. if manages to close below the support of 845, one can go short for a target of 810.
SMS Alerts, no more page refreshes required
Search Our Archives
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
- CB Hi santosh, :) you are most welcome. i...In Intraday calls for 01-10-14
- usman which is the best broker should have l...In Intraday calls for 01-10-14
- santosh lol....there is a correction for the a...In Intraday calls for 01-10-14
- santosh hi CB , Awesome work by you on he...In Intraday calls for 01-10-14
- HITEN BUY PHILIPS CARBON.......In Intraday calls for 01-10-14
- CB Hi Subhash, most welcome....In Support & Resistance Levels Of Nifty 50 Stocks as on 02-10-14
- Subhash Thanks a lot CB.....In Support & Resistance Levels Of Nifty 50 Stocks as on 02-10-14
- CB Hi krishnadas, would advice to wait fo...In Intraday calls for 01-10-14
- krishnadas Hi CB...How is snoman logistics.Would ...In Intraday calls for 01-10-14
- Vishal Hi CB, So not to avrg Sarda Energy at ...In Intraday calls for 01-10-14
- NIZ Hi CB, thank you sir....In Intraday calls for 01-10-14
- CB Hi Vishal, no, not yet Hi FATHIMA, ...In Intraday calls for 01-10-14
- Vishal Hi CB, Hi CB, Ok. And Sarda Energy and...In Intraday calls for 01-10-14