Trend Reversal Sign: Bull Run or ????

Dear All,

 

Nifty is in full swing mood, like, from last few days it was bearish, Today it has given atleast good uptrend breakout, that is spinning top at bottom for candlestick and double bottom for price pattern, we can conclude that market will move up in 2/3 days. Considering weekly chart, market is bearish, that means market is going to come down on coming friday, as it has given H & S breakout which is most important, but the fact is their is a major support for market at 5598 and 5398 levels, so that changes are more about failure of the pattern.

 

Nifty Support: 5624 - 5608 - 5567

Nifty Resist: 5696 - 5752 - 5833

 

Intraday Stocks:

1. Indian Met: Short Position, Bearish Kicker
2. Reliance Infra: Long Position, Risky Trade
3. Jaiprakash: Long Position, Risky Trade
4. BOC: Long Position, Bullish Piercing
5. Gitanjali GE: Long Position, Trend line breakout
6. PSL Ltd: Long Position, Bullish Engulf

Wow, yesterday i given call for shreeashta vinayak cine, and Tata tea, and zeel all of them work like anything.............Congratulations!!!

 

F & O Stocks:

1. CNXIT: Long Position, Bullish Kicker
2. Infosys: Long Position, Bullish Kicker
3. SBIN: Long Position, Spinning top at bottom
4. Tatasteel: Long Position, buy 620 call option, 640 call option

Delivery Stocks:

No Stocks

 

Sincerely,

Mrs. Anagha A. Bhave
[Technical Analyst]http://niftyweeklyoverview.blogspot.com/

Aabhineesh Total Solutions.1st Floor, Gajanan Krupa Apt,
Sadashiv Peth, Near Nagnath Par,
Pune 411030.
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