Technical View:: Nifty, Infosys & Kolte Patil

Quotes with Resistance & Support

Market Information

Technical View:: Nifty, Infosys & Kolte Patil

Posted on: April 19th, 2013 at 12:31 pm

Click on the chart to enlarge.

Nifty: Nifty managed to bounce back from strong support levels of 5500. Faces resistance at 5850 levels. If does not manage to cross 5850 could see selling pressure resume. On the downside can test 5700.

nifty

Infosys: Below is the 3 year weekly chart of Infy. Has strong support in the 2100-2200 zone. If breaks support at 2100 it could enter a downtrend and test 1900. On the upside has resistance at 2370 (closing basis). Above this can see 2450.

infy_weekly_19-04-2013

Kolte Patil: Kolte Patil is in an uptrend. Has been seeing some profit booking lately. One can look to go long if it manages to close above 95. Can test 107-110. Has strong support in the 84-88 zone

koltepatil_daily_19-04-2013

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11 Responses

{ ADD YOUR OWN }

AR Says:
April 21st, 2013
Posted at: 5:24 pm
CB, thanks for your view.
AR Says:
April 21st, 2013
Posted at: 5:25 pm
is infosys a good buy in this lvl for 1 month time period?
CB Says:
April 22nd, 2013
Posted at: 8:41 pm
Hi AR, Most welcome. no, dont enter infy yet.
vikram Says:
April 22nd, 2013
Posted at: 9:38 pm
hi its me vikram for jp will touch tomorrow its for intraday 78/78.7 and downside 75.90
CB Says:
April 23rd, 2013
Posted at: 10:55 am
Hi vikram, seems can test 80
Rajiv Says:
April 25th, 2013
Posted at: 6:38 pm
can JSW Steel test 650 level again or it will cross 800?
CB Says:
April 25th, 2013
Posted at: 10:06 pm
Hi Rajiv, it has resistance near 745 levels. if manages to close above it can see 780
askathiravan Says:
May 15th, 2013
Posted at: 10:57 pm
hi CB/Karthik
askathiravan Says:
May 15th, 2013
Posted at: 11:02 pm
Dear CB/Karthik,
Can U recommend five companies for long term investments. I can invest each Rs 5000.
Thank you.
CB Says:
May 16th, 2013
Posted at: 12:42 am
Hi askathiravan, can look to add balmer lawrie, axis bank and ril on dips. are good bets.
jagdish Says:
June 10th, 2013
Posted at: 12:37 am
hii cb will i go for jsw steel to buy 700