Technical View:: Nifty, Yes bank, Tata Steel, Bharti Airtel & HDFC
Click on charts to enlarge.
Nifty:
Nifty recently did give a negative breakout below 4700 levels but again managed to recover back. Technically as of now faces strong resistance near 4800-4830 levels. if manages to cross it, can head upto 4950. if unable to cross 4830 on closing basis, selling pressure may resume again.
Yes Bank:
Yes bank has strong resistance at 255-260 levels. One can look to go short on another 5-7rs bounce with strict sl at 262. Its likely it faces selling pressure near 260 levels and head back lower to 240
Tata Steel:
Tata steel has been in a downtrend since long. This time around has managed to bounce back from good support levels and its possible it crosses its resistance at 365. above 365 it can head upto 380 levels in coming days
Bharti Airtel:
Bharti Airtel after being strong in last couple of months has recently given a negative breakout and has turned weak. Now it faces strong resistance at 360-365 levels. if unable to cross it on the upside, its likely to see selling pressure and could head back lower to 345 levels.
HDFC:
HDFC has not really done much in last 4-5 months. It has been moving in a small range of 620-680 levels. It could breakout on either sides.. Above 685, one can go long for a target of 710. On the downside if breaks support at 620, it can head lower to 590 levels.
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CB Says:
January 4th, 2012
Posted at: 2:49 pm
Hi vs, most welcome.
ashish Says:
January 5th, 2012
Posted at: 9:52 am
thanks
Madhusudan Says:
January 5th, 2012
Posted at: 11:13 am
good analysis
CB Says:
January 5th, 2012
Posted at: 11:14 am
Hi ashish, most welcome
Hi Madhusudan, thanks.
selva Says:
January 6th, 2012
Posted at: 12:20 pm
sure market will wake up on coming months onwards...so keep hold stock investors....nifty may touch 5000 level
mann Says:
January 6th, 2012
Posted at: 3:53 pm
Thanks and I appreciate your good work on Nifty as well as stocks. Would u plz throw some light on RIL.
CB Says:
January 6th, 2012
Posted at: 4:41 pm
Hi mann, you are always welcome. reliance is finding some support at 690-700 levels. if breaks this, can test 660. on the upside can test 740 if markets remain good.
sagay Says:
January 6th, 2012
Posted at: 7:52 pm
Thanks CB ! This is very useful info :) as always !
Cheers,
Sagay
CB Says:
January 7th, 2012
Posted at: 11:09 am
Hi sagay, most welcome.. :)
sanjaychotia Says:
January 8th, 2012
Posted at: 6:23 am
thanks for your kind advice. can you give your advice on Hind copper?
yash guptaa Says:
February 14th, 2012
Posted at: 1:12 am
can u pls let me know about jaiprakash associates
yash guptaa Says:
February 14th, 2012
Posted at: 1:13 am
any updates on nifty now as it is trading around 5400
Jenis Says:
March 22nd, 2012
Posted at: 2:19 pm
I really raeapcipte your post and you explain each and every point very well.Thanks for sharing this information.And I'll love to read your next post too.regards
Jocs Says:
March 24th, 2012
Posted at: 8:58 am
respected sir, thank you very much for your nice analysis.sir psalee if you can update about gold, silver ,crude and other base metals
CB Says:
March 24th, 2012
Posted at: 11:02 am
Hi Jocs, you are always welcome. sure, shall add it too going forward
Hi Jenis, most welcome
Hi yash guptaa, seems can test 5350 if global markets remain positive