Technical View :: Nifty, DLF, IDFC & JSW Steel

Quotes with Resistance & Support

Market Information

Technical View :: Nifty, DLF, IDFC & JSW Steel

Posted on: December 16th, 2011 at 2:30 am

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Nifty: Nifty continues to find support at 4680-4700 levels. It has managed to see a bounce from these quite a few times in the last 3 months. Fresh shorts can be initiated once it manages to break 4680 on closing basis.

nifty2

DLF:
DLF is finding good support in the 195-200 zone. Possible tests 210-212 on the upside if markets see a small bounce. If manages to break support at 195 in coming days, can head lower to 180-185 levels.

dlf

JSW Steel:
JSW Steel does look weak. Below 530, can take it lower to 505-510 levels.

jsw-steel

IDFC:
IDFC has good support at 101 levels. on the upside can test 112 if markets improve a bit.. If manages to break support at 101 in coming days, can test 95.

idfc

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19 Responses

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Comment pages: 12 Show all

DS Says:
December 18th, 2011
Posted at: 5:51 pm
Dear CB,

So can we short/buy PUTS of DLF and JSW now?
Warm Regards,
DS
CB Says:
December 19th, 2011
Posted at: 7:48 am
Hi DS, can enter jsw for now.. dlf puts can be bought below 194
Ravi Says:
December 19th, 2011
Posted at: 8:44 am
CB sir, good morning. sgx trading very flat at 4580 since it open. what would be nifty strategy. shall we go short or long in nifty at market open?
CB Says:
December 19th, 2011
Posted at: 8:46 am
Hi Ravi, Good morning. sgx is at 4582 as of now.. seems nifty may open 40 odd points lower.