Technical View:: Nifty, RIIL & Adani Enterprises

Quotes with Resistance & Support

Market Information

Technical View:: Nifty, RIIL & Adani Enterprises

Posted on: July 7th, 2012 at 5:23 pm

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Nifty:
Nifty technically has turned a bit strong. May consolidate here for few days before the next upmove. Has strong support at 5200 levels. On the upside a close above 5360 can take nifty higher to 5450.

nifty

Reliance Industrial Infrastructure:
RIIL has given a good breakout above 440. In near term can head upto 485 levels. One can look to enter it near 455 levels.

riil

Adani Enterprises:
Adani ent has been in a downtrend since long. Recently has witnessed some buying interest but still is not out of the woods yet. Technically now faces strong resistance at 245 levels. Once manages to cross it, can head upto 260-265

adani-ent

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22 Responses

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Comment pages: 12Show all

manu Says:
July 9th, 2012
Posted at: 9:10 am
CB any idea when the next meet for CRR and REPO is
CB Says:
July 9th, 2012
Posted at: 9:11 am
Hi Nilesh, its a hold for short term. can test 144. today may remain a bit flat.
CB Says:
July 9th, 2012
Posted at: 9:12 am
Hi manu, Good morning. no, not sure yet.
Hem Says:
July 10th, 2012
Posted at: 10:56 am
Hi, what is near future for Tata Motors.
CB Says:
July 10th, 2012
Posted at: 12:59 pm
Hi Hem, has resistance near 252 levels. above this can see 265
sankatmochan7 Says:
July 10th, 2012
Posted at: 1:50 pm
Good Aftnoon CB. Can we short Rel Cap Fut at 382?
CB Says:
July 10th, 2012
Posted at: 3:43 pm
Hi sankatmochan7, no, its looking a bit strong. can test 390
Pradip Says:
July 11th, 2012
Posted at: 12:03 pm
Hi CB, Can you pls suggest 3-4 stocks for 3-4 months?
sc Says:
July 11th, 2012
Posted at: 9:26 pm
Sir,
Why don't u update charting pathshala ?
CB Says:
July 12th, 2012
Posted at: 8:28 am
Hi Pradip, can add some of ibfinance, riil for short term. look good
Hi sc, sure, shall update it soon
Jimish Says:
July 13th, 2012
Posted at: 2:51 pm
Sir, in Nifty chart you are showing upward trend line marked above the price. Is it the right thing to do? I mean typically the line will be drawn below the price when the chart shows an uptrend
Its just an comment to bring it to your notice
Thanks and the tips are good
CB Says:
July 13th, 2012
Posted at: 4:33 pm
Hi Jimish, yes, its marked higher as it indicates the resistance levels.. downside support is at 5200
SB Says:
August 6th, 2012
Posted at: 5:50 pm
i bought adani enterprise @198.what should i do?
CB Says:
August 6th, 2012
Posted at: 6:25 pm
Hi SB, its a hold with sl at 176 for now. if markets remain strong, can test 200 again
SB Says:
August 6th, 2012
Posted at: 6:54 pm
thanks a lot
CB Says:
August 7th, 2012
Posted at: 2:01 am
Hi SB, most welcome.