Quotes with Resistance & Support
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TECHNICAL VIEW :: Nifty, Reliance ind, Tata motors, TCS & ICICI bank

Posted on: November 25th, 2011 at 7:26 am

Below are few stock charts helping understand current trend of these stocks. Click on charts to enlarge

Reliance Industries

Reliance industries

Reliance industries

As seen in Reliance Industries chart above, its finding strong support at 750-760 levels. if breaks this level, it can head lower to 690-700 levels. on the upside, if markets improve, it could bounce back to 800-805 (38.2% retracement level on Fibonacci).

Tata consultancy (TCS)

tcs

tcs

With dollar going strong, IT companies have till now held onto the fall. Technically TCS has strong support at 1050-1060 levels. on the upside can see 1120. If manages to break support at 1050, it could head lower to 980-1000 in near term. Current longs can keep sl at 1050 and fresh shorts can be entered below 1050

Tata motors

tata-motors

tata-motors

Tata motors has good support at 164-168 levels. can head upto 185 in coming days. On the downside, if manages to break 164, could head lower to 156

ICICI Bank

icici-bank

icici-bank

ICICI bank has corrected quite a bit in last few days. As of now its oversold and possible see some short covering from here. Longs can keep stoploss at 715. It can see a bounce back to 780-800.

Nifty

nifty

nifty

Nifty managed to see short covering from 4650-4700 levels. technically these are strong support levels. below this could head lower to 4500 in near term. on the upside if global markets support, could bounce back to 4850. technically seems, selling pressure is likely to resume on rise.

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23 Responses

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Comment pages: 12Show all

  1. Rudra Says:
    November 25th, 2011
    Posted at: 8:53 am

    Thank's for the clear view....


  2. CB Says:
    November 25th, 2011
    Posted at: 8:53 am

    Hi Rudra, you are always welcome.


  3. raj Says:
    November 25th, 2011
    Posted at: 9:10 am

    cb i am long in tata motors, icici and nifty continue to be long?? i have hegde my postion with 10 lots of 4300 put....


  4. CB Says:
    November 25th, 2011
    Posted at: 9:11 am

    Hi raj, ok. yes, continue to hold these longs for now. likely to see an upmove in near term. keep sl at support levels.


  5. sagay Says:
    November 25th, 2011
    Posted at: 9:11 am

    Great Thanks CB !!

    This is really nice view :) and helps people like us

    Appreciate your continued support to the community

    Cheers,
    Sagay


  6. CB Says:
    November 25th, 2011
    Posted at: 9:12 am

    Hi sagay, thanks. you are always welcome.


  7. siya Says:
    November 25th, 2011
    Posted at: 11:50 am

    holding future of rcomm at 72.60 can u give me ur view


  8. CB Says:
    November 25th, 2011
    Posted at: 11:51 am

    Hi siya, its a hold for now. keep sl near 69. can see 75 if markets improve a bit.

Comment pages:12Show all

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