TECHNICAL VIEW:: Nifty, Maruti Suzuki & Hindalco

Quotes with Resistance & Support

Market Information

TECHNICAL VIEW:: Nifty, Maruti Suzuki & Hindalco

Posted on: December 10th, 2011 at 11:38 am

Maruti Suzuki:

maruti

Maruti started its downtrend almost a year back. All year was continuously making new lows. Gave a further breakdown in mid November when it closed below 1000 which was acting as a good support. After breaking 1000, it made a low of 940 and is now seeing some short covering. Currently its trading at 985. if it does not manage to cross resistance at 1000 in couple of days, selling pressure could resume and it can head back to 940-950 levels. Above 1000, it can test 1050

Hindalco Industries:

hindalco

Hindalco recently had found good support near 120 levels. It had resistance at 125-128 levels which it managed to cross and is trading above it for couple of days. In coming days, it can head upto 140-144 levels. Now has good support at 125.

Nifty:

nifty1

Nifty is still moving in the same range since long. Short term support is at 4700 and resistance at 5150.

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3 Responses

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m.yusuf chhhipa Says:
December 15th, 2011
Posted at: 8:26 pm
dear sir adai in your page of daily chart why you are not giving intraday chart& 60 min&15 min chart so i req uest that kindly give us this up date plz reply
Ebit Says:
June 23rd, 2012
Posted at: 12:36 am
Nifty Intraday Tips For Monday 25 April :- Nifty closed at 5884 with a mnrigaal gain of half percent on higher side on Friday comparative to its previous day closed. My view that market is continuously facing major supply in the range of 5920-5950. Close and sustenance above this area may lift up Nifty up to the next crucial level of 6150. On the downward side market has got good support at 5800 and below that 5720(200DMA-5730). Any decline up to the mark of 5800 will provide an opportunity to go long with a stop loss placing at 5700 and target of 6150 for positional traders. Regarding sector specific approach, in our opinion BSE-FMCG and BSE- PSU Banks will outperform the broader indices while BSE-CG and BSE-Consumer Durables will underperform Nifty.
CB Says:
June 23rd, 2012
Posted at: 1:55 am
Hi m.yusuf chhhipa, for these charts please try www.chartink.com. as of now on nseguide.com we do not have this feature.
Hi Ebit, thanks for the detailed update.