* Nifty SELL @ 5960 STOP @ 5985 TGT 5935 5905 5880 - 3/12/2013 9:44
NSE SELL Bank Nifty @ 12190 STOP @ 12250 TGT 12110 12050 3/12/2013 9:44
11: 00 INR Indian Industrial Production (YoY) Actual : 2.4% ; Forecast : 1.2% Previosu :: -0.6% :: Data is supportive for Nifty till the time 5945 holds ,, and crossover aove 5980 is must.. if fail to cross 5980 then trading is expected to be -ve
11:00 INR Indian Manufacturing Output (MoM) Actual : 2.70% , Previosu : -0.70%
Nifty Morning sell call @ 5960 CMP is 5950 : suport is @ 5945 sustain trading below 5945 it will give a breakdown of Bear flag pattern in intrdya chart from 5988 to 5945 pole and exoected target will below 5905 - 5910 : tgt 2 in our call is 5905 and tgt 3 @ 5880
Bnak nifty sell call @ 12190 cmp is 12085 tgt 2 @ 12050 add tgt 3 @ 11960
L&T which has fallen from 1620 to 1350 has retraced by exact 61.8% of the fall and tested the lvl of 1510 CMP : if Previous suport lvl of 1530 holds selling will start from CMP of 1510 cantest 1360 tgt 1 and then sustain below 1360 can test 1255 121% extensio of fall from recent (today) high
TITAN cmp is 245 spot : its trading in III wave in down sdie rally and in the same its inter wave iii formation where lower side tgt is comming at 225 positional stand is required ,,, ressitance and stop of 262 is advise
Coal India CMP is 319 spot : its foeming Bearish Penant formation where breakdown below 316 will confirm the doen trend : expected target is 280 positional call can be traded in future : resistance is at 325 crossover in spot ...
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