Nifty has shown very good resistance @ 5075 levels, which for me is sell. In the coming days nifty may test the levels of 4930 to 4900, where you can enter and keep stop loss of 4750. You can trade with a neutral bias. At the current levels nifty can go up to 5150-5170, where there is a huge selling pressure. In theory, Nifty can make a intermediate double top. So either you go long at 4900 levels keeping strict stop loss of 4750 or buy at the breakout 5200. Asian markets are now in a consolidation mode. What everybody needs to know is that nifty has reached the target of 5150-5170 few week's back. So anything around that price is a selling opportunity. You can always buy a stock when you have cash in your wallet. For any queries regarding Shares and Share market you can post it in the comment box and it will be answered.
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THANKS FOR THE INFORMATION, LET ME KNOW THE LEVELS FOR HEROHONDA AND MARUTHI.
ReplyDeleteFOR NAGAMANI, THANKS FOR FOLLOWING
ReplyDeleteLEVELS TO WATCH OUT FOR HEROHONDA ARE
SUPPORT @ 1600,1570,1526,1470 [BUY @ THESE PRICES]
RESISTANCE @ 1700 AND 1735, WHICH CAN BE USED AS TARGET.
STOP LOSS @ 1386 ON MARKET CLOSING BASIS.
FOR NAGAMANI,
ReplyDeleteBUY MARUTI ON CORRECTION AND NOT AT CURRENT LEVELS. THE STOCK CAN GO UP TO 1670,1705 LEVELS. SUPPORT SHOULD COME AROUND 1500 LEVELS WHERE YOU CAN ENTER. KEEP YOUR STOP LOSS AT 1400 FOR A SHORT TERM, AND FOR LONG TERM ACCUMULATE THIS STOCK AT THESE LEVELS 1522,1464,1407 AND FINALLY 1337. KEEP YOUR STOP LOSS AT 1200 ON MARKET CLOSING BASIS.
resistance for techmahindra &jsw steel
ReplyDeleteresis for mah&mah
ReplyDelete