Monday evening
Today Nifty opened with GAP up and closed postive, and gap remained unfilled
At present NIFTY SMA has turned up and NIFTY is
closing above all the 3 important EMA.
However it is closed just above the important
slopping trend resistance line.
At present NIFTY is in uptrend from recent low of 14461 lowand
gained almost 561 points or 3.68%
Conclustion: As nifty is arrived near the resistance lvl and we are
resisting above square of 122 indicates overall ongoing uptrend
likely to be positive and once it sustain above 15040 then next
lvl would be 1529 / 15326 and 15625.
Now we have near term resistance are 15200 and above.
Stock In focus.
> Escorts Rs 1187: Stock enterd in uptrend for short term.
once it trades above 1200 and sustain then a bullish breakout
from downward trend line will be observed.
Next TGT would be Rs 1250 to 1300 in near term.
2) Ibulsousing Rs 149 Buy stop Rs 137 TGT Rs 155 to Rs 160
3) Nocil Rs 202 buy for swing trade Rs 225 or higher.
Suggested to add upto Rs 180
4) Rossellind Rs 123. Buy for short term to medium term
Stop Rs 132 Below. TGT Rs 136 > 142 > 150.
Today nifty perfectly surpassed slopping trend line of falling wedge
pattern and clsoe above the important gap area.
now we have shifted our long stop from rs 14200 to 14450 and
probable TGT would be 14710 / 14779 / 14893
Upper side lvls are 14710 — 14776 — 14893 — 14950 lower side are 14527 – 14410 – 14345 – 14227
Monday evening
7666747902
Today Nifty opened with GAP up and closed positive, and gap remained unfilled
At present NIFTY SMA has turned up and NIFTY is closing above all the 3 important EMA.
However it is closed just above the important slopping trend resistance line.
At present NIFTY is in uptrend from recent low of 14461 lower and gained almost 561 points or 3.68%
Conclusion: As nifty is arrived near the resistance lvl and we are resisting above square of 122 indicates overall ongoing uptrend likely to be positive and once it sustain above 15040 then next
lvl would be 1529 / 15326 and 15625.
Now we have near term resistance are 15200 and above.
Stock In focus.
- Escorts Rs 1187: Stock entered in uptrend for short term.
Once it trades above 1200 and sustain then a bullish breakout from downward trend line will be observed. - Next TGT would be Rs 1250 to 1300 in near term.
2) Ibulhousing Rs 149 Buy stop Rs 137 TGT Rs 155 to Rs 160
3) Nocil Rs 202 buy for swing trade Rs 225 or higher.
Suggested to add upto Rs 180
4) Rossellind Rs 123. Buy for short term to medium term
Stop Rs 132 Below. TGT Rs 136 > 142 > 150.
