2nd positive close in succession at Nifty eod

2nd positive close in succession at Nifty eod , volume was comparatively  high, stochastic is indicating that it i trading at oversold zone, above 5700 more and more buying will take place and above 5750 short covering will take place …below 5620  panic sell off can not be ruled out ..5620 to 5750 area of consolidation .

2nd positive close in succession at Nifty eod

Bank nifty is trading above fib crucial support at bottom of up trending channel

livermore: sir r u there

30 Mar 13, 07:42 PM

[×] [o] admin: yes

30 Mar 13, 07:42 PM

[×] [o] livermore: about nifty and bank nifty

30 Mar 13, 07:42 PM

[×] [o] admin: already posted at site

30 Mar 13, 07:43 PM

[×] [o] livermore: yes sir you posted but i have query want to know your view

30 Mar 13, 07:44 PM

[×] [o] admin: what is ur query

30 Mar 13, 07:44 PM

[×] [o] admin:http://dhanvarsha.in/expecting-200-300-points-up-move-in-nifty-if-sustained-above-200-dma/

30 Mar 13, 07:49 PM

[×] [o] livermore: sir as mentioned by you in weekly charts formed harami and hammer but in monthly also formed spiing top in BN and in nifty also similar pattern does this indicate that new can be seen in BN and nifty in coming months

30 Mar 13, 07:49 PM

[×] [o] livermore: even a +ve div with rsi can is ther in BN

30 Mar 13, 07:50 PM

[×] [o] admin: see it is spinning bottom on monthly bn chart

30 Mar 13, 07:50 PM

[×] [o] admin: which is indicating confusion

30 Mar 13, 07:51 PM

[×] [o] admin: trading at bottom of up trending channel in monthly chart

30 Mar 13, 07:51 PM [×] [o] admin: trading at bottom of up trending channel in monthly chart

30 Mar 13, 07:55 PM [×] [o] admin: 11184 is crucial as per fib retracement ..above it 11989 may be seen if breached then 10589 may be seen

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Bank nifty is trading above fib crucial support at bottom of up trending channel

reliance infra is available at rock bottom price

kailash123p@yahoo.co.in (3/28/2013 10:32:54 AM): reliance infra is available at rock bottom rate ..start accumulating …for 10 to 20 % gain within 1 year …sl max 5 % trading at 320 22

Traded at 326.90 before closing



5 Years monthly chart showing that it is trading at double bottom level if reversed a nice bounce will be there



double bottom and double top reversals  video



reliance infra is available at rock bottom price

NIFTY OUTLOOK AND TRADING LEVELS FOR 14 MARCH 13

spot nifty was trading in 15 points range 5870-5885 after gap down opening and indicating for recovery but failed and moved below 30 points from days high in last hours trade 

Negative to gap down opening is expected with possibility of  weakness as opening will be below 20 day moving average which is passing through 5845 . Nifty is gud for bulls only above 5845 if sustained or moved above 5845 at spot niftyy may trade above 5900 in a day or  two .

Trade in nifty futures as per these levels 

Buy at / above: 5868   Targets: 5887 - 5906 - 5926 - 5945
Stoploss : 5848
Sell at / below: 5848   Targets: 5836 - 5816 - 5797 - 5778
Stoploss : 5868