Buy HDFC above 1742

Buy HDFC above 1742 for a tgt of 1756 1770 Support 1701

Trading Ideas

Buy Renuka once it crosses 220 for a tgt of 229 235 245 sl 195


Buy Tata Power if it breaks 1350 for a tgt of 1364

M&M with a technical look

M&M Stock is making a new High and institutional are quiet bullish on it.Looking technically at this stock is taking support at its trend line (Shown as green color in the chart)Stock is an ideal candidate to be bought on dips.

But one point of concern is Negative divergence which is observed in RSI and MACD.But to bring to user note that indicator can remain in negative divergence for a long period of time.

On upside the stock can touch 1150 touching the upper band of trend line,

For tomorrows perspective stock is a buy above 1014 for a tgt of 1037 1067 1090 Support is at 983 961

Nifty corrected from 61.8% retracement level

Nifty made low of 4542 and made a high of 5184 if we take fibo levels 61.8% it come around 4940 which is at level where we fall from today and we took support at 50% retracement level 4866.Next support comes around 4789.

Levels to be watched out tomorrow Buy Nifty above 4896

Resistance at 4932.9 4984.1 5020.5

Support at 4845.3 4808.9 4757.7

Primal Health-care Range Breakout above 408

Primal Health-care Range Breakout above 408 for a tgt of 414 421 430.


ACC Stocks at its 200 MA keep an eye on it Support is at 200 DMA

Pivot:717 Resistance at 725 731 739

Trading Ideas

Maruti Suzuki Unable to cross 50 SMA which is at 1523,If that is crosses can see 1546 1560 and if not can see 1503 1480 1392

RIIL - Buy above 964 Resistance at 993 1042 Suupport at 871

Buy HDFC Bank above 1652 For a tgt of 1670 1686 Support at 1623 1607

Buy Andhra Bank above 116 for a tgt of 120 123 126

Nifty Weekly Technical View

Nifty Weekly 5 EMA is at 4860 Levels which will prove as Resistance as of now. Support at 20 Week SMA at 4700.As mentioned in previous Week 20 Weekly SMA will provide as a support and nifty.Previous Week Post


Now looking at the Daily Charts of Nifty, We have closed above 5 EMA but resitance is now at 4830 which is both Pivot Resistance and 13 D EMA.

So Right now 4834 and 4860 will be immediate resistances and once crossed we can head towards 4930 4970

Nifty 4 day below 50 SMA

Nifty has remained 4 days below 50 SMA now again today is 4 day closing below 50 SMA so i am accepting a bounce back tomorrow. Above 4610 we can accept 4683 4802. Support at 4491 4419.

We will see a sharp bounce in coming days.

Trading Ideas

Support seen at 1536-40.If that is broken 1504 and 1467

Resistance seen at 1604 1641

Nagar Construction Support seen at 143 Resistance at 154 159 165

Buy above 1056

Resistance:1102 1135 1181

Support:1023 977

Nifty Weekly Technical View

IF we take the Fibo retracement Level from the high 5181 and low of 3912 we now stand at 38.2% Retracement level.A Bounce can be accepted till 50 SMA of 4858.

Weekly Pivot 4,811

Weekly Resistance: 4,934.5 5,157.0

Weekly Support:4,465.5 4,588.8

20 Week SMA which was Resistance will now become a support lets see?