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Showing posts from June 15, 2010

NIFTY - NEXT LEVEL

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NIFTY (5222) - As per previous post for NIFTY, now it closed above 5220. so already enjoyed the rally from 4800 to 5220. Now what next ? If tomorrow also trade and Close above 5220, then only expect the rally continuation to 5330 and after that 5467 otherwise this is the termination point for this rally. so now 5200-5220 is the decision point and day of decision.
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NF (5205) - once again yesterday also it moved as expected, now what next ? today may be correction day. so now the hurdle 5210-5220 remain same. above this level upside target is 5332 (if clear the hurdle i think, the target may reach, after a corretion) but today optimum it may move to around 5240. If not trade above this level, then it slide upto 4172 and after that 4140-4130.

Aqua Logistics

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AQUA (455) - As per previous post, it corrected from 472 to 425 ( our first target 423) from there it bounced back and closed at 455. Now what next ? once again going to attack and face hurdle at 472-474. but trade and stays above this level next attack 502 and 518.

MphasiS

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MPAHSIS (599) - already written here above 567 target 600 now you know what happended Now what next ? today it may face hurdle at 606 & 616 and expect correction.

Reliance Capital

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RELCAPITAL (723) - as written it moved ie. from 692 to 725 now face hurdle around 745 level and expect correction from there.

Reliance Infrastructure

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RELINFRA (1161) - on 10th may, written here, last hope and support 950 , if you follow the stock all you know, what happened , see it never broke 950 and repeatedly took support at 955 and now trading at 1160. ie . more than 20% rise in one month. Now what next? today it may take rest but If stays above 1145-1140, uptrend continue and attack 1198 & 1230-1240.

Reliance Industrial Infrastructure

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RIIL (900) - 934 strong hurdle , two months before written here, yes still it is valid. but if trade and close above 934, take it to 1180 in between resist at 982 & 1024.