SOME STOCK VIEWS FOR NEXT WEEK

TATA STEEL HAS GOOD SUPPORT NEAR 303-304 RANGE

IF ANY1 WISH TO BUY NEAR THOSE LEVELS MAY 

KEEP SL BELOW 292

TRGTS 312-318-323

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BUY JP ASSOCIAT ON ANY DIP NEAR 72

BUYING RANGE 71.5-72.5

SL BELOW 69

TRGT 74-77.5-81

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BUY INFOSYS ON ANY DIPS NEAR 2160 LEVELS WITH SL BELOW 2130

OR BUY IF SUSTAINS ABV 2220

TRGTS 2201-2242-2290

BELOW 2130 INFY MAY TEST 2100-2056-2012

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TCS HAS LONG TERM SUPPORT AT 1290 NEAR LEVELS

BELOW 1270 MAY TRGT 1150 LEVELS

EXPECTING A BOUNCE SOON IN IT STOCKS AS MAY SEE A POSSIBILITY OF CHURNING IN SECTORS AGAIN FROM BN TO IT STOCKS

BUY MCDOWELL-N

ON MONDAY BUY MCDOWELL-N(UNITED SPIRITS)

ON DIPS NEAR 2005-2015 RANGE WITH SL BELOW 1974

TRGTS 2060-2100-2140

IN NEXT WEEK TILL FRIDAY

nifty views

if ns closes abv 5901ns then may open with a small gapup on monday

and may possibly trgt 5970-77 range on monday

on thursday ns may see good upmove just be4 RBI policy day

and may even test 6100ns  next week(till next friday)

 

intraday trade:

sell nifty in 5884-5887ns range with sl abv 5892

trgt 5866

cmp 5885

buy again near 5866-62ns range with sl below 5853

trgts 5917 

EXPIRY AT 5748-58

BUY NIFTY AT CMP NEAR 5796NS

WITH SL BELOW 5780

TRGTS 5858 BEFORE EOD

 EXPECTING  EXPIRY TO BE NEAR 5748-58 RANGE
SL ABV 5879NS

NIFTY VIEWS

TOMORROW NIFTY MAY OPEN WITH A SMALL GAPUP NEAR 5724NS AND MAY TRADE IN 5749-5697 RANGE AND MAY CLOSE NEAR 5739 LEVELS TOMORROW

THURSDAY MAY BE ANOTHER GOOD DAY FOR BULLS 

NS MAY TRADE IN 5773-5684NS RANGE

TILL FRIDAY EXPECTING NS TO TEST 5818 LEVELS

EXPECTING EXPIRY TO BE ABV 5750NS

THIS UPMOVE HAS ALL THE POTENTIAL TO RETEST 6030 LEVELS IN MAY SERIES

nifty views

nifty forming a bullish WW pattern(pink lines) within an expanding triangle pattern

(blue lines) inside a channel pattern(black lines)

red lines indicating the price line..ns may face res when it reaches red line

   

similar type of pattern was formed in 9-2010-to 4-2011

INFOSYS VIEWS

TOMORROW
INFOSYS MAY   EITHER TARGET 3100 NEAR LEVELS OR  2750 LEVELS

IF TOMORROW OR  SOON REACHES ABV 3100 LEVELS THEN SELL INFY POSITIONALLY FOR TRGTS 2400 LEVELS

BELOW 2400 INFY MAY TRGT 2000 NEAR LEVELS

nifty views

tomorrow ns may open with gapup and may face res near 

5616-24ns range (purple line in charts and its also developing 13dema.

sell in this range with sl abv 5675ns(21dema) for trgts below 5400ns

if sustains abv 5675 ..ns may swiftly move towards 5850ns

NIFTY VIEWS

NOW STRONG POSSIBILITY OF A 250 PT MOVE EITHER SIDE IS POSSIBLE

5750 YA 5250

LONG STRADDLE IN MAY SERIES CAN BE HIGHLY REWARDING

BUY INFOSYS

LOW RISK HIGH REWARD TRADE:
BUY INFY ON DIPS NEAR 2700-20 LEVELS WITH SL BELOW 2640
TRGTS  3250-3450 NEAR MAY -JUNE 2013

INVERTED HEAD AND SHOULDER PATTERN IN DOLLAR/INR DAILY CHARTS

INVERTED HEAD AND SHOULDER PATTERN IN DAILY CHARTS


HEIGHT OF NECKLINE IS NEAR 2.5 POINTS

TRGT PRICE IF SUSTAINS ABV 55.2 LEVELS IS NEARLY 57.5

IF HAPPENS THEN IT WILL ALSO GIVE A BREAKOUT FROM TRIANGLE PATTERN

VERY VERY SCARY FOR GLOBAL EQUITY MARKETS

AGAR 65 LEVELS AAYA TO NIFTY KAHA JAYEGI??? 

DOLLAR/INR VIEWS

DOLLAR VS INR daily CHARTS

trading in a contracting(converging) triangle pattern 
as of now the breakout from triangle pattern are at near 5500 and 5360 levels
very near to a breakout from upper trendline(if it happens)
its also foming an inverted head and shoulder pattern
generally the trgt price of contracting triangle is breakout pt +/- height of triangle
if breakout happens then dollar/inr trgt can be either 65 or 44