Monday, November 1, 2010

ICICI Bank

ICICI Bank was up more than 6 % on last trading session on the back of better than expected Quarterly result. This stock has now support at 1105 and resistances are at 1245-1275 and 1300.
Bajaj Auto has support at 1480 and resistances are at 1540-1580 and 1615.This stock is coming out of downward sloping channel and has consolidated a lot.

If Nifty is able to trade above 6150 then we may see some more upside provided RBI credit policy and Fed QE goes well with the market.
Nifty has got supports at 5930-5960 and resistances are at 6150.

Trade less, trade well.

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