November 25, 2013

NIFTY rangebound between 5970 and 6240-6300

NIFTY closed 2% in the positive. Trading range is 5970-6300. It was earlier remarked that holding 5970 would be positive and markets gave a rally accordingly.


Advance decline was positive. VIX however increased 5% indicating fear at current levels. At the same time, option writing points to support at 6000 and resistance at 6300.


Intraday charts point to support at 5970-5960F. There was only one buy signal today at 6080F.


15 min charts point to support at 6070F... next sell signal will be generated if nifty closes below this level.



Breakouts today

Source: based on study of publicly available information (websites, media, tv etc) and charts

25-NOV-2013

Buy signals: ACC - CROMPGREAV - DABUR - ONGC - TVSMOTOR -

Sell signals: APOLLOHOSP -

22-NOV-2013

Buy signals: CADILAHC - STAR - TATASTEEL

Sell signals: CESC - DISHTV - GRASIM - HEROMOTOCO - HINDZINC - ITC - NHPC - NMDC - TATACOFEE - TATAPOWER -

5 comments:

Share this...