Tube Investment has come out after a long consolidation and everybody talks about two wheeler but often this stock which is in Bicycle component is often ignored. bicycle has still huge domestic demand.
Tube investment has support at 108 and and resistance levels are at 135 and 150
Trade less, trade well
Tuesday, June 22, 2010
Sunday, June 20, 2010
Reliance Capital
Reliance Capital has support at 700 and on dips its a good long term by with resistance levels of 824 and 930.
Trade less, trade well
Trade less, trade well
Friday, June 18, 2010
Nifty is on its way to retest its previous top
The rally continues after 7 days , now its time to watch 13 days.
Meanwhile , our Ideas like JSW Energy has achieved its target .
PFC , Jindal steel and Power and Eveready looks interesting on charts . They have supports at 287,646 and 57 respectively and resistances are at 306, 740 and 74 respectively.
Meanwhile , our Ideas like JSW Energy has achieved its target .
PFC , Jindal steel and Power and Eveready looks interesting on charts . They have supports at 287,646 and 57 respectively and resistances are at 306, 740 and 74 respectively.
Wednesday, June 16, 2010
Market Rallis and continues
Market shows strength after trading above the range.
India info line has support of of 93 and resistance of 110 / 115
India info line has support of of 93 and resistance of 110 / 115
Friday, June 11, 2010
Global Rally : will it sustain?
Global market rallied yesterday after lots of positive economic data.
Back home Nifty is trading in the range of 4950 -5150 with bulls defending the 5000 territory.
Nifty may see further upmove momentum only above 5150.
Will this rally result in another sell off ? Lets wait for the market to show its hand. IIP data, onset of Monsoon may augur well for the market.The volatility may continue . One should keep the volumes low.
JSW Energy is ready for another up move on charts.It has support at 116 and resistances are at 131 -150
Castrol has made a nice move . Time to ride the move.
Trade less, trade well.
Back home Nifty is trading in the range of 4950 -5150 with bulls defending the 5000 territory.
Nifty may see further upmove momentum only above 5150.
Will this rally result in another sell off ? Lets wait for the market to show its hand. IIP data, onset of Monsoon may augur well for the market.The volatility may continue . One should keep the volumes low.
JSW Energy is ready for another up move on charts.It has support at 116 and resistances are at 131 -150
Castrol has made a nice move . Time to ride the move.
Trade less, trade well.
Friday, June 4, 2010
Surge In Chinese and Indian Auto Industry
Surge In Chinese and Indian Auto Industry : Drives Lubricant Demand
There is a report about Increasing Lubricant Demand .The report can be read at
http://www.klinegroup.com/reports/emailings/newsletters/energy/june2010/timely_trends.asp
Castrol can be put on radar . It has support at 380 and resistances are at 450-500. Its buy on dips
Canara Bank has support at 396 resistances are at 440-460-480
There is a report about Increasing Lubricant Demand .The report can be read at
http://www.klinegroup.com/reports/emailings/newsletters/energy/june2010/timely_trends.asp
Castrol can be put on radar . It has support at 380 and resistances are at 450-500. Its buy on dips
Canara Bank has support at 396 resistances are at 440-460-480
Thursday, June 3, 2010
Global cues will lift the sentiments
Despite all the concerns about Euro Zone global markets are showing no signs of weakness and bounce back every time .
This volatility will continue for some more time.
Nucleus software has support at 130 and resistances are at 160 -170
Today is also a time to book profit in our earlier ideas : Dena bank and Nagarjuna Construction
Trade less , trade well.
This volatility will continue for some more time.
Nucleus software has support at 130 and resistances are at 160 -170
Today is also a time to book profit in our earlier ideas : Dena bank and Nagarjuna Construction
Trade less , trade well.
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