Last friday market heavy volatile and downside moreover come it. And sometime the market recover at higher level for 4420. Ths nifty will closing 4420 levels. Coming monday general budget the market is heavy and higher volatile it. Andthen the nifty will closing last friday 4420 levels this is the good support level in market's. Today also market will go further upside for 4520 to 4690 levels. This budget beneficiary for fertlier, power,cement, textile and infrastructure sectors good news. So this secter also good uprend continued in market. Today nifty will trade above 4444 level the market will go further uptrend for 4520 levels. Suppose the nifty will trade below 4380 level again the market will come downside upto 4320 levels. Plz use every trade SL.
Nifty Spot
R-4386/4473/4522.
S-4337/4250/4201.
Nifty Fut
R-4390/4473/4521.
S-4341/4257/4209.
Sensex
R-14787/15073/15232.
S-14627/14340/14181.
Yesterday our sell not active but Buy call all target's achived. Today Nifty Buy above 4390 SL 4345 tgt 4420,4440,4450,4460,4480 to 4520 levels. Nifty sell below 4345 SL 4390 tgt 4330,4320,4300,4280 to 4220 levels.
Weekly shows a broad trading zone of 3900-4700.
By closing above the 5-hour high ema @ 11.00, the momentum came to Bulls and scaling 4384(5 day high ema) gives them more strength and it stopped short of 4443(5 week high ema).
Nifty back into the channel, this time firmly with the macd into +ve heading to 4475-4505 resistance area.
This daily chart shows quite a bullish possibility..
Hourly macd is moving up firmly in the +ve. But the rsi & stochastics(Not shown here) are in "OB" which could lead to some corrections.
If 4450-4470 is resisted, then an intra correcion during the budget day with late recovery is possible.
A complex correction on with + ve bias. However, intra falls during budget day possibility exists..
Dabur gains 7% over the week. See previous post >>> Go
HDFC has broken out of a squeeze.
A similar squeeze on State Bank.
There is a squeeze set up on Reliance Infra. The OBV is rising. Watch out!
After another volatile day, the Futures closed in the green. The OBV has now crossed its earlier peak.
The on balance volume has give two good signals in the recent past. First on the left is the negative divergence at market top in January 08 and the second on the right shows a positive divergence at market bottom just before the March rally began.
By closing above the 5-hour high ema @ 11.00, the momentum came to Bulls and scaling 4384(5 day high ema) gives them more strength and it stopped short of 4443(5 week high ema).
Nifty back into the channel, this time firmly with the macd into +ve heading to 4475-4505 resistance area.
This daily chart shows quite a bullish possibility..
Hourly macd is moving up firmly in the +ve. But the rsi & stochastics(Not shown here) are in "OB" which could lead to some corrections.
If 4450-4470 is resisted, then an intra correcion during the budget day with late recovery is possible.
A complex correction on with + ve bias. However, intra falls during budget day possibility exists..
Dabur gains 7% over the week. See previous post >>> Go
HDFC has broken out of a squeeze.
A similar squeeze on State Bank.
There is a squeeze set up on Reliance Infra. The OBV is rising. Watch out!
After another volatile day, the Futures closed in the green. The OBV has now crossed its earlier peak.
The on balance volume has give two good signals in the recent past. First on the left is the negative divergence at market top in January 08 and the second on the right shows a positive divergence at market bottom just before the March rally began.
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