Technical View:: Nifty, JSW steel, Axis bank, Patel Eng & Bank of India

Quotes with Resistance & Support

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Technical View:: Nifty, JSW steel, Axis bank, Patel Eng & Bank of India

Posted on: January 13th, 2012 at 10:43 pm

Nifty:
Nifty does look good. Now has strong support at 4780-4800 levels. Technically seems could head upto 4950 in coming days. If breaks strong support at 4780, selling pressure is likely to resume again which may take nifty lower to 4650

nifty2

Axis bank:
Axis bank has recovered quite a bit from recent lows of 800. as of now faces resistance at 950 levels. Possible see some profit booking here which could take it lower to 890-900 levels. On the upside once manages to cross 950, it can head upto 1000

axis-bank

Patel Engineering:
Patel Engineering was in a downtrend since long. Had started correction from 200 levels and hit a low of 75. Has now started to witness some buying interest and seems could move higher. One can enter it on dips near 92-93, it can head upto 105 levels in coming days. Has strong support at 85-88 levels.

patel-eng

Bank of India:
Bank of India has resistance at 308-310 levels. Once manages to cross this level, it can head upto 323.

bank-of-india

JSW Steel:
JSW steel has broken out of a trending range. It can be bought on dips for a target of 665. has good support at 600 levels.

jsw-steel

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2 Responses

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subramanyam Says:
January 19th, 2012
Posted at: 1:59 pm
hai sir
CB Says:
January 19th, 2012
Posted at: 2:31 pm
Hi subramanyam, Good afternoon..