Where Nifty Will Go??

Hi All,

After a long time, was busy in software testing, which we are going to launch on coming 5th Feb 2011!!

 

Nifty is making new low with high, does that it is a down trend? Let us watch out the chart, nifty made Head and shoulder pattern with a target of 5124!

So, market will come down to these levels if it breaks today's crucial trendline support of 5508. If market opens below this level today and open high values same, then market is bearish!

But if it opens above this level then market is still safe and will come up gradually, but if it closes below 5508 levels then market definitely go to the level of 5124.

 

Today market will open on positive note, and gradually it will come up with a target of 5600 and can go down upto 5444.

 

Intraday Stocks:

1. Andhra Bank: Long Position, Bullish Engulf.
2. Blue Star Ltd: Long Position, Risky Trade
3. DLF: Long Position, Risky Trade
4. IVRCL Infra: Long Position, Risky Trade
5. JSW Steel: Long Position, Risky Trade
6. Orient Bank: Long Position, Risky Trade
7. Unitech: Long Position, Risky Trade

F & O Stocks:

1. Adani Power: Short Position, Bearish Kicker
2. Bhartiartl: Long Position, Spinning Top
3. IT Index: Long Position, Risky Trade
4. Hindustan uniliver: Long Position, Spinning top

Delivery Stocks:

No Stock.

 

If you have any problem please get in touch with me.

 

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.
99 22 94 44 34