Technical View:: Nifty, Tata motors, MCX, Havells India & Cummins India

Quotes with Resistance & Support

Market Information

Technical View:: Nifty, Tata motors, MCX, Havells India & Cummins India

Posted on: September 29th, 2012 at 7:49 pm

Click on the chart to enlarge:

Nifty: Nifty since last one weak has not managed to cross and close above 5710. Has strong resistance in the 5710-5750 zone. Its likely nifty sees some profit booking from here. Has support at 5640 levels and strong support is lower at 5550. Below 5640 could test 5550-5580. On the upside if manages to close above 5750, could test 5850-5900 in near term.

nifty1

Tata motors: Tata motors has given a good breakout above 250 levels. One can enter it on dips near 260 for a target of 285-290 in coming days.

tata-motors

MCX:
MCX is in an uptrend. Looks strong above 1200 levels. one can enter on dips for a target of 1350-1380 in short term. Immediate support at 1250 (closing basis)

mcx

Havells India:
Havells did manage to cross and close above strong resistance of 600 levels. recent weeks high is at 635. One can enter above 635 for a target of 665-670 in coming days. Support at 600-620

havells

Cummins India:
Cummins is facing resistance near 510-515 levels. Once manages to close above 515, can head utpo 550. Has strong support at 485-500 levels.

cummins

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13 Responses

{ ADD YOUR OWN }

ARJUN Says:
September 30th, 2012
Posted at: 2:18 pm
HI CB, SIR CAN I OPT FOR TATA MOTORS CE, FOR OTHERS I WILL OPT FOR CASH.
Kartik Says:
September 30th, 2012
Posted at: 4:29 pm
Hi ARJUN, yes. can go with it
SS Says:
October 1st, 2012
Posted at: 2:03 pm
Hi CB or Karthik ...can Nifty head to 5740 from here ??
CB Says:
October 2nd, 2012
Posted at: 4:59 pm
Hi SS, yes, its possible if global markets support. keep sl near 5680
syed Says:
October 2nd, 2012
Posted at: 6:17 pm
HI CB,infy and hdfc results are going to come on 12th.How they are going to be,have any idea please share.
CB Says:
October 3rd, 2012
Posted at: 9:13 am
Hi syed, infy in last few quarters has posted results below market expectations. could continue this time too. cannot really be sure how the results would come in
syed Says:
October 3rd, 2012
Posted at: 10:30 am
Thank you CB.
CB Says:
October 3rd, 2012
Posted at: 10:32 am
Hi syed, most welcome.
hi sir short sbi on 2300 Says:
October 3rd, 2012
Posted at: 8:07 pm
hi sir short sbi on 2300
tejas Says:
October 4th, 2012
Posted at: 8:22 am
hi sir ,nifty short at 5750
i want to buy put 5700
CB Says:
October 4th, 2012
Posted at: 4:49 pm
Hi hi sir short sbi on 2300, as of now would advice to hedge it with a 2400ce. hold short
Hi tejas, dont add more shorts yet. for now hold it.
kamlesh Says:
October 18th, 2012
Posted at: 8:10 pm
hi...Sir..Wht abt GMDC ?
MITUL Says:
November 29th, 2012
Posted at: 10:38 pm
Hello friend.!!!
I m using ALL MCX NSE FUTURE STOCKS AND INDICES in starlinefx Mt4 terminal. Dear trader follow the chart trading.