NIFTY AS ON 5.11.2014

look at attached chart. nifty resistance zone between 8400/8500. be cautious in long position in that zone. we may see profit booking.

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update on 18.11.2014
we have reached in resistance zone.we are facing resistance in trend line also.be cautious in long positions or book profits.

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update as on 19.11.2014

nifty has corrected from expected zone. high made 8455.now we may see correction for 4/5 weeks as per attached chart.

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nifty bounced from support of wedge bottom trend line , will go for new high....

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update 24.11.2014

123 pattern

exit loss making positions fast and hold winning positions as long as possible. 

NIFTY ON A TREND LINE SUPPORT

nifty is on a trend line support. to continue up trend it must bounce back from this zone.it is highly over sold also.​

AVERAGING UP

A big mistake is selling your winners to buy more of your losers. Do the opposite. The biggest gains come from averaging up.

RELIANCE INDUSTRIES CMP 998. acculmulate

Reliance ind is reaching near support zone on trend line.crude prices are coming down. gas price matter still pending but that will become a good trigger in coming days.good area to accumulate for 3 to 6 months.

RELIANCE INDUSTRIES AS ON 21.07.2014

​LOOK AT CHART ATTACHED​

GRASIM

NIFTY at crucial zone.

​nifty has made low of 7596 very close to top made after up move started from 7441 at 7593.if nifty does not breach 7593, we can keep hope for making new high at 7859 or 7941.​

breach of 7593 will negate this view.


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update on 9.07.2014

7593 broken, bullish view rejected. as per attached chart a pull back can be expected.

CIPLA ON FIRE

​chart of CIPLA as on 17.06.2014 is attached herewith.

cmp 435....buy with sl on closing basis below 420.​

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 With reference to the news item appearing in a leading financial web portal titled "Promoters of Company to sale stake to MNC", Cipla Ltd has clarified to BSE as under :

"This news item is purely baseless and speculative in nature. We have consistently denied such rumours in the past and continue to do so. From the enclosure forwarded by you, we observe that the news item has appeared on a website’s message board over which Company has no control. ....

LTFH

chart attached of L&T fh........