Tuesday, June 22, 2010

NiftyUpdates For 23Jun-----Inderbhatia


The Indian market opened on flat note and traded negative zone through out the session and close with red zone . For coming trading we can see profit booking on the lower side 5269-5225 zone to watch any bounces . On the other side 5350-5366 zone will act resistances for the day


Monday, June 21, 2010

NiftyUpdates For 22Jun-------InderBhatia

The Indian market opened on positive note and momentum was upside through out the session close with handsome gains . For coming session if nifty trade above 5370 it likely to test 5400-5421 zone.On the other side 5310-5290 zone will act support for the day

Sunday, June 20, 2010

WeeklyUpdates For 21Jun--------InderBhatia


Last week sensex rose 506 point as 2.96 %and the nifty close higher 2.79% .On the daily chart nifty had made spinning top candlestick pattern it indicating for profit booking at higher level one can buy at lower level around 5220-5180 zone .Nifty is making higher top higher bottom formation on daily chart .On the upside trading above 5306 level it likely to test 5340-5380 level . On the other side 5246 -5148 zone will act as support for the week


The Indian market opened flat note saw selling pressure at higher level close with negative zone . For coming session 5247 level with act as support for nifty below 5247 it can test 5220 -5180 zone .On the upside trading above 5303 zone it likely to test 5340 zone .


BUY JAIPRAKASHPOWER ABOVE 72 TGT 83>97 STOPLOSS 67


SELLBOB BELOW 690 TGT 670>653 STOPLOSS 705

Thursday, June 17, 2010

NiftyUpdates For 18JUn----InderBhatia

The Indian market opened on flat note saw small correction pullback from level close with green zone . For coming session trading above 5300 level it likely to test 5330-5350 zone . On the other side 5200-5167 zone will support on the lower side . On hourly and daily chart market are trading over bought zone .

Wednesday, June 16, 2010

NiftyUpdates For17Jun-----InderBhatia

The Indian market opened on positive note saw choppy session and close with green zone . For coming session on hourly chart we are seen negative divergences trading below 5215 zone nifty can test 5180-5156 zone . On the other side 5256 zone will act as resistances for the day

Tuesday, June 15, 2010

NiftyUpdatesFor16jun----InderBhatia

The Indian market opened flat note and traded narrow range and saw momentum second half session close with green zone. For coming session if nifty trade above 5227 level it likely to test 5250-5280 zone . On the other side 5164-5132 zone will act support for the day

Monday, June 14, 2010

NiftyUpdates For 15Jun---InderBhatia

The Indian market opened positive note momentum was upside close with green zone . For coming session 5205-5214 zone to watch if nifty trade above 5220 it likely to test 5250-5283 zone . On the lower side trading below 5167 we can see selling pressure