Wednesday, November 16, 2011

Technical Call in Nifty & Tata Motors for day 17/11/2011

Hi guys,
We are seeing very volatile activity in markets from last few sessions. Nifty had broken its major support 5175 day before yesterday and we saw Nifty falling & testing 5000 level in today session. 

Today was a little bit different day, Nifty has made doji star with huge volume(largest volume in last 1 month) & open interest of all three series decreased in today's trading. It is actually a very early bullish sign but it requires next day conformation for reversal of trend.

Nifty can be bought above 5080 with strict stop loss around 5000, we can trail our stop loss once nifty goes and manage to close above 5080.

Our other technical buy call is Tata Motors, it has made piercing pattern yesterday with huge volume.
Stop loss will be 177, other details is only for paid subscriber.

Happy Trading .....

See syllabus for Technical analysis training in Mumbai,India.

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