Technical view :: Nifty, Maruti Suzuki, Grasim & Sesa Goa

Quotes with Resistance & Support

Market Information

Technical view :: Nifty, Maruti Suzuki, Grasim & Sesa Goa

Posted on: January 26th, 2012 at 5:15 pm

Click on the charts to enlarge:

Nifty:
Nifty is not reaching strong resistance level of 5200. It is likely nifty here sees some profit booking/ consolidation for few days before the next upmove. If manages to close above 5200 for couple of days, nifty could head higher to 5350 in near term. If not, profit booking could take nifty lower to 5000 levels.

nifty3

Maruti Suzuki:
Maruti has rallied quite a bit in last few days. It faces strong resistance at 1200 levels. On the downside, if breaks 1140, could see 1090-1100 levels on account of profit booking

maruti

Sesa Goa:
Sesa goa has given a good breakout technically. In short term can head upto 220 levels. Has strong support at 190-195 levels.

sesa-goa

Grasim:
Grasim has very strong resistance at 2600 levels. technically, if manages to cross 2600, it could head higher to 2800 in near term. On the downside has support at 2440

grasim

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5 Responses

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visitor Says:
January 27th, 2012
Posted at: 12:29 pm
really a great too see such a nice chart... & getting good idea as well.
looking for coal india..
CB Says:
January 28th, 2012
Posted at: 1:04 pm
Hi visitor, you are always welcome.. coal india has strong resistance near 355 levels (200 dma too near 355). once manages to cross it, can head upto 370-375. on the downside has good support at 330-335
rajesh Says:
January 29th, 2012
Posted at: 6:55 pm
Hi CB,
Maruti has broken out 1200 price level. Can I go short/long now.
CB Says:
January 29th, 2012
Posted at: 6:57 pm
Hi rajesh, can enter a long if holds onto 1200 levels after opening for few min tomorrow.
LINOJ Says:
February 28th, 2012
Posted at: 8:34 am
NIFTY WILL TOUCH 4900