Technical View:: Nifty

Quotes with Resistance & Support

Market Information

Posted on: March 2nd, 2013 at 2:34 pm

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Nifty: Nifty has given a negative breakout below 5800 levels. Has strong resistance at 5760-5820 levels. Can test support of 5550-5600 in near term.

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18 Responses

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Comment pages: 12Show all

Jayakumar Says:
March 4th, 2013
Posted at: 8:49 am
Kindly advice can I accumulate opto circuit share at this level. What about the future of this sharebin the long term
CB Says:
March 4th, 2013
Posted at: 10:04 am
Hi Jayakumar, no, dont enter it yet. its in a downtrend and could correct further.
VIKRAM Says:
March 10th, 2013
Posted at: 11:53 pm
State Bank of India (Rs 2,204.1)
SBI reversed upwards from its key medium-term trend-deciding level at Rs 2,075 last week. Although the stock has gained 5.5 per cent in the previous week, it is currently testing important resistance band between Rs 2,200 and Rs 2,230.
Short-term traders should tread with caution as long as the stock trades below Rs 2,230. Fresh long position is recommended with fixed stop-loss at Rs 2,190 only if the stock makes a remarkable breakthrough of the aforesaid resistance zone. Upside targets are Rs 2,300 and Rs 2,350.
Key support is at Rs 2,075, strong downward breakthrough of which will pave the way for a decline to Rs 2,000 or to Rs 1,900 levels in the medium-term.
omkar Says:
March 15th, 2013
Posted at: 3:40 pm
Dear sir,
kindly suggest should I hold or exist.with target.
Holdings(all march expiry)....
Infy 2800 PE @ 22
Infy 2700 PE @ 5.20
Nhpc 22.50 Ce @ .25
REC ltd 240 CE@ 1.45
Tata motors 300 Ce @6.20
TATA motors 260 PE @ .90
CB Says:
March 16th, 2013
Posted at: 12:29 am
Hi omkar, hold pe's for now. tata motors below 288 can see 280. keep sl at 288 for the ce. other pe's are hold for now. below 5850 can test 5800. rec ce is a hold with sl at 216 for now.
md nasim Says:
March 18th, 2013
Posted at: 10:59 pm
Ranbaxy buy 435 with cl sp 429.7 Tar 449 (2-3Day)
CB Says:
March 19th, 2013
Posted at: 12:34 am
Hi md nasim, thanks.
RANAJIT GHOSH Says:
March 20th, 2013
Posted at: 11:14 am
CAN I BUY TATA STEEL IN THIS LEVEL?
CB Says:
March 20th, 2013
Posted at: 11:21 am
Hi RANAJIT GHOSH, no, not yet. looks weak
ANJAN Says:
March 27th, 2013
Posted at: 1:06 pm
Sir,
what is next for NIFTY i.e, in April? will it go up based on Advance TAX Payments or still some bearish is left out.
CB Says:
March 27th, 2013
Posted at: 1:09 pm
Hi ANJAN, technically has strong support at 5580-5600 levels. if breaks this could test 5500 in near term.
habeeb Says:
April 10th, 2013
Posted at: 1:21 am
nifty can touch 5300-5200. i think.
plz let me knw am i right??
CB Says:
April 10th, 2013
Posted at: 2:00 am
Hi habeeb, if manages to close below 5540 levels, could head lower. technically has strong support here.
habeeb Says:
April 10th, 2013
Posted at: 8:06 pm
ok thanx
CB Says:
April 12th, 2013
Posted at: 12:25 pm
Hi habeeb, most welcome
ASHISH Says:
May 6th, 2013
Posted at: 11:55 am
HI.........FRIENDS