Articles: Stock Market|
|Stock Market Analysis|
|Market analysis: We are continuously asking to buy in dips and sell in rallies from last 2 or 3 weeks. Market sustained above 61.8% retracement and heading for 80 % retracement which is 8588.
Now we are asking to book profit at this junction.As you know that market has touched 80 % retracement last week.It is better to wait to take any fresh positions.
Day traders Strategy : Avoid trading
Investors strategy :Book prfits
INDEX & STOCKS LEVELS FOR DAY TRADING
ALL LEVELS MEANT FOR FUTURE TRADING
NIFTY FUTURES (2618.90):TREND DECIDER IS 2612
Supports are 2612/25802550.Resistances are 2635/2650.
IPCL (233.20):TREND DECIDER IS 231
Resistances are 235/238/240.Supports are 228/ 226/223.
I-FLEX(950.50):TREND DECIDER IS 948
Upper side resistances are 964/980/1000(good resistance).Supports are 948/922.
NTPC (102.95):TREND DECIDER IS 102
Supports are 102/101.Resistances are 104.50/106(good resistance).
HIND LEVER (172.80):TREND DECIDER IS 171
Supports are 171/168/166.Resistances are 174/177.
INFOSYS(2710) : TREND DECIDER IS 2695
Supports are 2695/2635/2600.Resistances are 2720/2740/2755.
ITC(130.60):TREND DECIDER IS 130
Supports are 130/128/127.Resistances are 130.50/132.(GOOD RESISTANCE ZONE).
POLARIS(113.70):TREND DECIDER IS 113
Supports are 113/112/110/106 .Resistances are 114/115-116.
RELIANCE(826.10):TREND DECIDER IS 825
Supports are 820/815/800.Resistances are 832/837.
SATYAM COMP(644.70):TREND DECIDER IS 643
Supports are 643/636/629 .Resistances are 654/660/663.
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