Quotes with Resistance & Support
Market Information

Technical View:: Nifty, DLF, Infosys, UTV Software & Delta Corp

Posted on: January 9th, 2012 at 8:06 am

Click on chart to enlarge.

Nifty is now at a point from where it could break on either sides. It has strong resistance at 4780-4800 levels and last 3 times it tried to cross it, it witnessed quite a bit of selling pressure. Since then it has been moving in a small range of 4700-4780. If manages to cross 4800 on the upside, it can head upto 4900. on the downside below 4690 can test 4580



DLF is now nearing strong support of 170-172 levels. On last 2 occasions it managed to bounce back from 172-175 levels.. Its likely to do the same this time around too. If manages to hold onto it, can head upto 185. If it does break 170 this time around, it can test 160 on the downside.



Delta Corp:
Delta has been in a downtrend since long and now has started to witness some value buying come in. It now faces resistance at 64 levels. Above 64, it can head upto 70-72.. Support is at 60



UTV Software:
UTV software has remained strong despite recent market weakness. It can be bought for a target of 1080-1100 in coming days. has support at 1000-1010 levels.



Infosys is nearing its resistance level of 2880. If manages to cross 2880, it can be bought for a target of 2930-2950. Has good support at 2760-2800



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2 Responses


  1. Harish Says:
    January 10th, 2012
    Posted at: 5:45 pm

    Thank you. this is great stuff

  2. CB Says:
    January 10th, 2012
    Posted at: 5:53 pm

    Hi Harish, thanks

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