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: 12 Show all

ARJUN Says:
September 1st, 2012
Posted at: 4:04 pm
Hi CB Sir, can we go for these stocks in option segment?
CB Says:
September 1st, 2012
Posted at: 5:06 pm
Hi ARJUN, yes. Don't go in options if volume of the contact is very low
ARJUN Says:
September 1st, 2012
Posted at: 9:28 pm
Thank u sir will opt for most liquid counter..for others will opt for cash.
CB Says:
September 1st, 2012
Posted at: 10:36 pm
Hi ARJUN, most welcome.
NH Says:
September 1st, 2012
Posted at: 10:57 pm
Hi CB - Looks nifty has made triple bottom and about to bounce. I am right?