Thursday, October 13, 2011

Technical analysis for current market situation (13/10/2011)

Nifty has rallied from bottom 4725 to 5135, our long call for Nifty triggered above 4940. We think it will consolidate for a while between 5000-5150, stop loss for Nifty will be below 5030 on closing basis and below 5000 for intra day.

We are positive in Delta Corp, JP Associates and Reliance. One can go long in Reliance above 860 with strict stop loss below 825 for target of 900 for short term and 950 for mid term.

See syllabus for Technical analysis training in Mumbai,India.

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