iCharts Discussions

[veerappan]

hi ,

in coming week 4985 -4986 is the trend decider ... now as per current view its bearish- because closed below the trend decider levels....down side may be possible for 4720 range ...and 4523...any two consecutive closes below 4523 then 3900 also possible.... above 4985-4986 means no problem for bulls ... upside it may possible to go 5145-5229-5305-5390....let us c.... in coming days bharti and rcom may be 2 dig figure possible....

take care

bye
chennai boy
veeru [ each smile is minus -150 pts in nifty]

[amitkbaid1008]

Hi Veeru

I always respect your views but for some times your views failed to provide insight into the markets. Well I completely agrees with you that NIFTY has broken support level of 4985 but still there exist support level of 4920-4930 which is still intact on closing basis. There is also strong support level of 4830 & 4570 levels. Although this is an exit point for positional longs taken on NIFTY in the last week of Aug. 2009

Regarding BHARTIARTL & RCOM I would say that there is not chance of these going in to two digits. For BHARTIARTL there is strong support available at around 270 levels which is also March 2009 lows. For RCOM support is available at around 230 which may be taken if markets sink to even 4830. However very very very strong support can be find at March 2009 low levels of around 130

Please give your views whether I am right in identifying support levels.

[kkriss]

IF BHARTI N RCOM COMES IN TWO DIGITS I WILL EMPTY MY ENTIRE PORTFOLIO AND BUY THIS TWO STOCKS ONLY AND WAIT FOR TWO YEARS (EACH ONE REPRESENT 50 RS JUMP FROM TWO DIGIT)

[amitkbaid1008]

As I already mentioned 4920-4930 was proved to be good support level. Markets bounced back smartly from these levels.

Now we can expect more upside as Dow is also making new 52 week highs.

Now let us hope that support levels for BHARTIARTL & RCOM may also proved to be good support.