iCharts Discussions

[sraj]

WORLD MARKET

Asian market shows some up move, this may reflect in our market and some nervous move may continues,

NIFTY SPOT

Today if nifty spot holds 5062 then further up move may continues, following this if it breaks 5102 then it has chance to get some more strength for further up move, same time some days before we had seen with some chart pattern of nifty spot, that it had fixed the upper side target as 5200 to 5230, now we are very nearing to that targets, and more or less the strength of short covering also finish, so expect some profit booking and nervous in upper side,

But selected script move will go on, according to this now pharma stocks are looking good in charts like Sunpharma ab 1612 Tr 1710, Glenmark pharma ab 262 Tr 277 and etc, do your own research b4 initiate your trade,

Today if nifty spot breaches 5062 then further down fall may come, same time there is near by near support around every 10 to 20 points, so full strength of down fall may come to nifty spot only below 4990, below this next strength provider is at 4944 below this good down fall come easily

NIFTY SPOT TODAY’S LEVELS

Nifty Spot above 5085 Target 5099 to 5102, 5139, 5148, 5163, 5190, 5210 to 118, 5230

Nifty Spot below 5062 Target 5046, 5031, 5022, 5013, 4993, 4961, 4944, 4891, 4831

SCRIPT TO WATCH

L&T

Buy above 1593 Target 1612 to 1614, 1632, 1658, 1676, s/l 1559
(after breaks 1615 your trial s/l will come to 1610)

Sell below 1559 Target 1520, 1500, s/l 1562

THANKS
SARAVANABALAAJI