Quotes with Resistance & Support
Market Information

Technical View:: Nifty, Yes bank, Tata Steel, Bharti Airtel & HDFC

Posted on: January 4th, 2012 at 3:48 am

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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 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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21 Responses

Comment pages: 12Show all

  1. CB Says:
    January 4th, 2012
    Posted at: 2:49 pm

    Hi vs, most welcome.

  2. ashish Says:
    January 5th, 2012
    Posted at: 9:52 am


  3. Madhusudan Says:
    January 5th, 2012
    Posted at: 11:13 am

    good analysis

  4. CB Says:
    January 5th, 2012
    Posted at: 11:14 am

    Hi ashish, most welcome

    Hi Madhusudan, thanks.

  5. 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

  6. 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.

  7. 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.

  8. sagay Says:
    January 6th, 2012
    Posted at: 7:52 pm

    Thanks CB ! This is very useful info :) as always !


  9. CB Says:
    January 7th, 2012
    Posted at: 11:09 am

    Hi sagay, most welcome.. :)

  10. sanjaychotia Says:
    January 8th, 2012
    Posted at: 6:23 am

    thanks for your kind advice. can you give your advice on Hind copper?

  11. yash guptaa Says:
    February 14th, 2012
    Posted at: 1:12 am

    can u pls let me know about jaiprakash associates

  12. yash guptaa Says:
    February 14th, 2012
    Posted at: 1:13 am

    any updates on nifty now as it is trading around 5400

  13. 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

  14. 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

  15. 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

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