Sugar stocks consolidation is on & fertilizers to be in focus.....NIfty down side support 5180 & upside resistance 5237 will come into play force on either side will decide direction but crossing & making new highs will be an uphill task for Nifty.
Shan
Tuesday, May 11, 2010
Thursday, May 6, 2010
Thursday,s views
Markets & Nifty would be very choppy rises would be to exit for investors fertilizer stocks would be in clearer uptrend after this turmoil is over . On closing basis bulls should watch for 5170 & 5202
Shan
Shan
Wednesday, May 5, 2010
Wednesday,s Trading
My views for TaTasteel was correct clear pressure was on downside breach of formations supports did not held & neither did nifty was able to cross resistances more downside pressure remains intact Wednesday gap down is expected & it will change many resistances & supports Trend on downside catching momentum thats why i am only mentioning resitances so that readers get little clearer picture of trend..........................................................
downside stks to watch TaTachemical
Shan
downside stks to watch TaTachemical
Shan
Monday, May 3, 2010
NIFTY resistances for TUESDAY
Nifty resistances,
As from today's trading range I would add one more Nifty resistance 5270 but my resistance big 5298 on closing basis still remain so lets hope for bulls these are taken out... sugar is consolidating at bottom end of prices patience would be key in sugar stocks this consolidation would go for much longer time than people anticipate..... metals are in hard time ......TaTasteel view given still holds 3 days of move will further decide big moves.......
As from today's trading range I would add one more Nifty resistance 5270 but my resistance big 5298 on closing basis still remain so lets hope for bulls these are taken out... sugar is consolidating at bottom end of prices patience would be key in sugar stocks this consolidation would go for much longer time than people anticipate..... metals are in hard time ......TaTasteel view given still holds 3 days of move will further decide big moves.......
Saturday, May 1, 2010
Saturday 01-05-2010
Hi,
As for Friday in Nifty made high of 5294.8 i told resistance for 5298 as for me i still wait for that hurdle to be crossed on closing basis some interesting things happening in TaTasteel crucial levels are waiting to be breached in that stock if breached very good downside momentum can catch up but as TaTasteel is reaching crucial supports or u can say major supports on many formations & if held the uptrend remains intact so we should wait for either break down to happen or supports to be held both ways it would give very good moves ........ yes indeed sugar stocks bounced well as told............
Shan
As for Friday in Nifty made high of 5294.8 i told resistance for 5298 as for me i still wait for that hurdle to be crossed on closing basis some interesting things happening in TaTasteel crucial levels are waiting to be breached in that stock if breached very good downside momentum can catch up but as TaTasteel is reaching crucial supports or u can say major supports on many formations & if held the uptrend remains intact so we should wait for either break down to happen or supports to be held both ways it would give very good moves ........ yes indeed sugar stocks bounced well as told............
Shan
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