Technical View:: Nifty, Siemens, Biocon & United Breweries

Quotes with Resistance & Support

Market Information

Technical View:: Nifty, Siemens, Biocon & United Breweries

Posted on: September 1st, 2012 at 2:16 pm

Click on the chart to enlarge.

Nifty: Nifty is now near strong support levels of 5230-5250. Its likely it bounces back to levels of 5350 from here. On the upside has strong resistance higher near 5450 levels. On the downside, if closes below 5230, could head lower to 5150.

nifty

Siemens: Siemens faces strong resistance at 685 levels. A close above this can take it higher to 720. Has support at 670.

siemens

Biocon: Biocon has given a technical breakout above 250. One can enter it at cmp 262 for a short term target of 280-285. Has good support near 250 levels.

biocon

United Breweries It has given a technical breakout above 600 levels. One can enter it near 615-625 for a short term target of 660. Has strong support in the 580-600 zone

united-breweries

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21 Responses

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Comment pages: 12Show all

NH Says:
September 1st, 2012
Posted at: 11:08 pm
Also looks like it made ascending triangle. Correct?
CB Says:
September 1st, 2012
Posted at: 11:42 pm
Hi NH, not really a triple bottom yet.yes, has made a ascending triangle.
ARJUN Says:
September 2nd, 2012
Posted at: 1:18 pm
Hi CB, Thank u for your reply..please guide me which among the above stocks i should go for options and the one i should opt for cash.
D.J Says:
September 2nd, 2012
Posted at: 8:03 pm
SIR I HAVE NETWORK18 AVERAGE OF 70 RS PLS TELL WHAT I DO ?
Vikkey Says:
September 2nd, 2012
Posted at: 11:53 pm
Bicon is really strong , ready for breakout , as per chart,,,,, one can go long for tgt of 280-300
smile Says:
September 2nd, 2012
Posted at: 11:55 pm
hii. can i buy BIOCON futres on monday?
CB Says:
September 3rd, 2012
Posted at: 7:17 am
Hi ARJUN, don't enter these in options as volume for these are a bit low. can go with nifty ce from the about list
Hi D.J, we will need to hold it for long term. don't add more of it yet. for now lets wait. once markets improve a bit, it will recvoer
Hi Vikkey, yes.
Hi smile, yes.
hridayesh Says:
September 3rd, 2012
Posted at: 10:23 am
Dear CB, do you see any hike in Wipro from current level ?
QURESH! Says:
September 3rd, 2012
Posted at: 10:44 am
CB...
Can Rel Cap short at current ?
CB Says:
September 3rd, 2012
Posted at: 10:05 pm
Hi hridayesh, its facing strong resistance at 370 levels. can test 385 if manages to cross it
Hi QURESH!, no, not yet. can short below 315.
Ganesh Says:
September 4th, 2012
Posted at: 9:32 am
Hi CB, Seems MCDOWELL-N data is incorrect in the chart.
CB Says:
September 4th, 2012
Posted at: 9:38 am
Hi Ganesh, its not mcdowell-n. its another stock named united breweries (UBL)
Ganesh Says:
September 4th, 2012
Posted at: 9:47 am
Hi CB, Oh yes yes. sorry :)
CB Says:
September 4th, 2012
Posted at: 9:48 am
Hi Ganesh, :) no issues.
ramesh Says:
September 5th, 2012
Posted at: 10:58 am
buy selan abov 296 trg315 sl 282
rajkumar Says:
September 13th, 2012
Posted at: 10:23 am
FOR POSITONAL CALLS visit
http://rajkumarmarkettips.blogspot.in/
POSITIONAL STOPLOSS
NIFTY 5251 IN SPOT
BANK NIFTY 9851 IN SPOT
BANK NIFTY TRG FOR LONG 10338/10560/10640