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

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

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

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

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

cummins

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13 Responses

{ ADD YOUR OWN }

  1. 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.


  2. Kartik Says:
    September 30th, 2012
    Posted at: 4:29 pm

    Hi ARJUN, yes. can go with it


  3. SS Says:
    October 1st, 2012
    Posted at: 2:03 pm

    Hi CB or Karthik ...can Nifty head to 5740 from here ??


  4. CB Says:
    October 2nd, 2012
    Posted at: 4:59 pm

    Hi SS, yes, its possible if global markets support. keep sl near 5680


  5. 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.


  6. 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


  7. syed Says:
    October 3rd, 2012
    Posted at: 10:30 am

    Thank you CB.


  8. CB Says:
    October 3rd, 2012
    Posted at: 10:32 am

    Hi syed, most welcome.


  9. hi sir short sbi on 2300 Says:
    October 3rd, 2012
    Posted at: 8:07 pm

    hi sir short sbi on 2300


  10. tejas Says:
    October 4th, 2012
    Posted at: 8:22 am

    hi sir ,nifty short at 5750
    i want to buy put 5700


  11. 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.


  12. kamlesh Says:
    October 18th, 2012
    Posted at: 8:10 pm

    hi...Sir..Wht abt GMDC ?


  13. 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.


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