Wednesday, June 29, 2011

sensex as on 28.6.2011

Chart attached with comments.
************************************
update as on 1/07/2011

strength was maintained up to 30/06/2011.on crossing 18600 zone sensex tested strong resistance level around 19000 which is on down ward sloping trend line and sell off was seen today.movement in coming days will decide direction of market. decisive cross over of down ward trend line after some correction can be bullish otherwise more weakness to go for a new low.

Wednesday, June 15, 2011

BIOCON as on 13.6.2011

look at chart attached.
inverse head and shoulder pattern is seen in biocon.
****************************************************
stock reversed from neck line.

Friday, June 10, 2011

NIFTY AS ON 9.06.2011

look at nifty weekly chart attached.
we may see a big move in coming few weeks on breaking out from triangle.