Technical View:: Nifty & NMDC

Quotes with Resistance & Support

Market Information

Technical View:: Nifty & NMDC

Posted on: September 3rd, 2013 at 1:06 pm

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Nifty: Nifty faces strong resistance at 5550 levels (closing basis). On the downside has support near 5400 levels. below this can test 5280-5300 again. On the upside above 5580 can see 5700.

nifty_daily_03-09-2013

NMDC: NMDC had been in a downtrend since almost a year. Recently has started witnessing some buying interest come in and has turned a bit positive technically. In short term can head upto 130-133 levels. Strong support near 112-115 levels.

nmdc_daily_03-09-2013

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14 Responses

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Vishal Says:
September 3rd, 2013
Posted at: 4:52 pm
Hello CB sir I have purchased sep. Call of 5700 at 65. Should I wait.
CB Says:
September 3rd, 2013
Posted at: 5:03 pm
Hi Vishal, would advice to exit from it for now. technically nifty does look weak
karthik Says:
September 3rd, 2013
Posted at: 7:32 pm
hello sir, i buy 4700 put @ 18 . how many day i hold this. nifty already reach 5341 level . if 5300 level broken means what is the target for the nifty
Pradeep verma Says:
September 4th, 2013
Posted at: 12:17 am
Hi karthik, exit puts tomorow at open. But again around 5550 levels. Till then buy calls
rathish nair Says:
September 4th, 2013
Posted at: 8:53 am
Hi good morning. Can we buy nifty at this levels... and what's the position of tatasteel
CB Says:
September 5th, 2013
Posted at: 12:37 am
Hi karthik, its a hold with sl at 5520 on nifty for now. nifty has strong resistance here.
Hi rathish nair, Good morning. dont enter a nifty long yet. tata steel can test 305 in coming days.
narayan Says:
September 5th, 2013
Posted at: 2:57 pm
sir i bought suven @33 now it is @ 46 shall i book profit or hold. . .
ARVIND BAJAJ Says:
September 7th, 2013
Posted at: 5:27 pm
HELLO FRDNS.
CB Says:
September 10th, 2013
Posted at: 9:25 am
Hi narayan, does look good technically. hold for now.can test 50-52
Hi ARVIND BAJAJ, Good morning.
SHARAD Says:
September 14th, 2013
Posted at: 7:32 pm
HI KB I HAVE YES BANK 115 @ 380 ,50 BHEL @180 & UNION BANK 100@175
SAURAV Says:
September 18th, 2013
Posted at: 8:59 am
dear sir, am holding 5850put @ 99 and 5400put @ 12.70 ps.....pls advise when to exit
CB Says:
September 19th, 2013
Posted at: 8:19 am
Hi SAURAV, seems nifty may open 150 points higher today. guess will need to book loss here.
Hi SHARAD, these are a hold for short/ med term. dont add more of these yet.
vivek Says:
September 19th, 2013
Posted at: 11:28 pm
i bought Nifty 5850 put at 24 and it came down. is there any possibilities to come up or should i sell it in low loss.
CB Says:
September 20th, 2013
Posted at: 10:37 am
Hi vivek, yes, seems can book profit now.