LITL HAS VERY GOOD SUPPORT AROUND 425, (THIS IS TRIANGLE SUPPORT) SEE THE CHART, SO BUY WITH S/L OF 423 TARGET MAY BE 450, 470, 480 WITH IN 10 TO 15 DAYS, IF IT BREAKS THE 425 THEN 405 AND 384 IS THE NEXT SUPPORT AREA
LITL CHART
SENSEX VIEW
SENSEX IS FORMING THE PERFECT CHANNEL AS WELL AS THE PERFECT TRIANGLE( SEE THE CHART), IT HAS THE CHANNEL BOTTOM SUPPORT AROUND 17150 TO 17100, IT HAS CHANNEL UPPER RESISTANCE AROUND 18550 TO 18700, TRIANGLE RESISTANCE AROUND 18300, SUPPORT AROUND 17050 TO 17100
SO NOW WE CAN COME TO KNOW THAT SENSEX HAS VERY GOOD SUPPORT (TRIANGLE & CHANNEL SUPPORTS) AROUND 17100 TO 17000 RANGE, AND THERE IS 200 DMA ALSO THERE AROUND 17240 RANGE
IF SENSEX BREAK THE 17000, THEN I EXPECT THE ANOTHER 1400 POINTS DOWN SIDE WHICH IS AROUND 15700 (NEAR THE PRIMARY TREN ALSO) (SEE THE 2ND CHART)
SO U JUST START TO INVEST IN THE RANGE OF 17100, AND KEEP THE S/L OF 17K, UPTO BUDGET MARKET WITNESS THE VOLATILE MOVE, FROM 18500 TO 17100 RANGE FOR SOME MORE WEEKS (2 TO 3 WEEKS, MAY BE FOR CONSOLIDATION)
FRESH BUYING WILL BE INTIATED ONLY ABOVE 19000 ON CLOSING BASIS
SENSEX IS FORMING THE PERFECT CHANNEL AS WELL AS THE PERFECT TRIANGLE( SEE THE CHART), IT HAS THE CHANNEL BOTTOM SUPPORT AROUND 17150 TO 17100, IT HAS CHANNEL UPPER RESISTANCE AROUND 18550 TO 18700, TRIANGLE RESISTANCE AROUND 18300, SUPPORT AROUND 17050 TO 17100
SO NOW WE CAN COME TO KNOW THAT SENSEX HAS VERY GOOD SUPPORT (TRIANGLE & CHANNEL SUPPORTS) AROUND 17100 TO 17000 RANGE, AND THERE IS 200 DMA ALSO THERE AROUND 17240 RANGE
IF SENSEX BREAK THE 17000, THEN I EXPECT THE ANOTHER 1400 POINTS DOWN SIDE WHICH IS AROUND 15700 (NEAR THE PRIMARY TREN ALSO) (SEE THE 2ND CHART)
SO U JUST START TO INVEST IN THE RANGE OF 17100, AND KEEP THE S/L OF 17K, UPTO BUDGET MARKET WITNESS THE VOLATILE MOVE, FROM 18500 TO 17100 RANGE FOR SOME MORE WEEKS (2 TO 3 WEEKS, MAY BE FOR CONSOLIDATION)
FRESH BUYING WILL BE INTIATED ONLY ABOVE 19000 ON CLOSING BASIS
CHART 1 CNANNEL & TRIANGLE OF SENSEX
CHART 2 , PRIMARY TREND OF SENSEX
BEST OF THE DAY
GMR INFRA AB 176
ROLTA AB 307
BUY IF THEY SUSTAIN THE ABOVE RATE WITH GOOD VOLUMES
