Nifty EOD Chart Update

Reenter Nifty long at 5275- 5285 range. If nifty trades below 5270 for 10 min then we can see nifty near 5165-5225. But don't short for this targets, wait and buy if it comes near 5165 to 5225. Now We have to trade long and exit long at higher levels and reenter near supports. Long Exited at 5375.
Remember 5410 - 5450 is very strong resistance so one should book profit near to this level.

Nifty Chart Intraday Update

Nifty Chart Intraday Update

Nifty Chart Intraday Update

Long Term Investment

Dear Friends Again some list of stocks for investment. Please don't trade on these stocks, Just buy and hold it in your DP. Diwali Buy LTP on  28/10/2011.
  HCL-INSYS 64.0
  INDIABULLS 153.4
  HYDRBADIND 345.5
  JYOTHYLAB 140.6
  BLUESTARCO 213.2
  KESORAMIND 125.8
  SJVN 22.4
  JYOTISTRUC 61.2
  APARINDS 154.4
 NET4 157.1
  JISLJALEQS 126.0
  ENGINERSIN 240.8
  NHPC 24.9
  GMRINFRA 27.8
  STRTECH 40.4
  IVRCLINFRA 40.8
  PUNJLLOYD 58.4
  NATIONALUM 64.7
 

Nifty EOD Chart Update

Nifty is trading above our 5th target now our final target is 5420. Nifty may touch 5420 by this week. Exit longs and wait for fall for 100 to 150 points for reentry.

NIFTY CHARTS

Nifty Chart Intraday Update

NIFTY CHARTS

Nifty 12 and 60minute charts,

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Nifty EOD Chart & Levels

Nifty our 1st target is done hold long for other targets.

Credit Policy

Credit Policy: The RBI hikes Repo Rate by 25 bps to 8.5%, Reverse Repo Rate adjusted 25 bps higher to 7.5% while CRR is maintained at 6%, reports NDTV Profit. The RBI has de-regulated savings bank deposit rate with immediate effect.

Credit Policy: Marginal standing facility is now at 9.5%, inflation forecast is retained at 7% while GDP growth forecast has been lowered to 7.6% from 8%, reports CNBC TV18

RBI Meet

Will RBI meet can fix nifty direction?????

Nifty EOD Chart & Levels

Nifty is facing selling pressure near 5140 levels. If nifty trades above 5160 for 10min change your mind to do not short. If you have margin  go long in nifty, It can touch 5225>>5250>>5275>>5325>>5340>>5420.

Tomorrow we have RBI meet and FII are data is positive in nifty futures but stocks they hold short. TCS and HCL and LT and some other IT stocks may see selling tomorrow. There are lot of factors we have to watch out

" Traders Think and Act Right " " Investors Stay invested but hold some money for next round of selling also"

 1. Dow is nearing its strong resistance levels 11900 to 12000 that is 200 days EMA & SMA.

2. Gold is getting ready for huge round of sell off. 

3. What is going on behind SBI and other PSU banks. 

4. INFY is near to its strong resistance( 200D EMA 2726 - 200D SMA 2840) - Exit your hold in INFY don't wait for higher targets. 

Nifty EOD Chart & Levels

Nifty may open higher resistance is at 5140 to 5160. Above 5145 nifty can target to 5225 with SL 5050.

Nifty Chart Intraday Update