BHARTIARTL BOTTOM NOW

27SEP 2012 EXPIRY CALL>>>>
BUY BHARTIARTL 240PA ABOVE 6.30 TARGET 13/18.

ICICIBANK

 

ICICIBANK 900PE ONLY BUY @15.50 WITH TGT OF 31 /38 IN 27-Sep-2012 EXPIRY

NIFTY Chart Analysis

 

• Price continues to rise in favor of bulls But daily chart indicators like RSI is showing overbought levels.
• Weekly is nearing upper bollinger band.
• Weekly line chart shows price violating a crucial line Bulls need a weekly close above this line. Price falling back below this line will favor a correction.
• Price is trying to stay above 100 week SMA. Any intra week fall below this level too may give a bigger fall.

HINDALCO CHART ANALYSIS

Last chart does not show today's price action But 

1. is shown to explain the down trend of the stock. Price is trading below 200 SMA and the daily cloud which will continue to favor bears.
2. First chart shows a rounding top kind of pattern with crucial support broken at 112.
3. Crucial support at 78.6% Fib level is being tested. Break of this level may take stock towards 105 levels which is the next major support.

RELIANCE WITH US

RELIANCE ZOOOOOOOOM UP NOW SO NIFTY UPSIDE TO GO ,WE SORRY TO SAY THAT OUR POST IS FAILED IN THAT TIME BUT REAL THINK IS LOOKING DIFFERENT IN INDIA.OUR TARGET IN RELIANCE IT WILL BE SOON. CUT AND PAST IT