Piplodwala Investment Consultants
 
     
  Daily Analysis   07-February-2012  
     
 

DAILY TECHNICAL ANALYSIS

  
 

TECHNICAL REVIEW FOR 7th Feb 2012.

BSE SENSEX(17707): RESISTANCE TO UP MOVE AT 17830-18050 AND DOWN SIDE SUPPORT AT 17530.

S & P CNX NIFTY(5362): RESISTANCE TO UP MOVE AT 5400-5450 AND DOWN SIDE SUPPORT AT 5312-5280-5248-5200.

BANK NIFTY(10269): RESISTANCE TO UP MOVE AT 10332 AND DOWN SIDE SUPPORT AT 10080-9905.

WISHING YOU ALL VERY HAPPY TRADING !

6th Feb 2012.

BSE SENSEX(17604): RESISTANCE TO UP MOVE AT 17800 AND DOWN SIDE SUPPORT AT 17530-17464-17362-17280.

S & P CNX NIFTY(5326): RESISTANCE TO UP MOVE AT 5400-5450 AND DOWN SIDE SUPPORT AT 5312-5280-5248-5200.

BANK NIFTY(10134): RESISTANCE TO UP MOVE AT 10266 AND DOWN SIDE SUPPORT AT 10080-9912-9630.

WISHING YOU ALL VERY HAPPY TRADING !

 

2nd Feb 2012.

Remember my words, "All indices are very close to crucial resistance levels (BSE SENSEX 17530-NSE NIFTY 5312 AND BANK NIFTY 10266)so we advise all to be much more cautious at this juncture. We expect some more fire works in the market but do not expect to sustain at this levels this is just a corrective up move"

I am really amazed why FII was selling at 15000 sensex level and now above 17000 they turned buyer??????????????

BSE SENSEX(17301): RESISTANCE TO UP MOVE AT 17362-17464-17530 AND DOWN SIDE SUPPORT AT 17088-16928-16766.

S & P CNX NIFTY(5236): RESISTANCE TO UP MOVE AT 5250-5312 AND DOWN SIDE SUPPORT AT 5181-5132-5102.

BANK NIFTY(9949): RESISTANCE TO UP MOVE AT 9970-10125-10266 AND DOWN SIDE SUPPORT AT 9630-9504-9330

WISHING YOU ALL VERY HAPPY TRADING !

  
     
     
 
Piplodwala Investment Consultants
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   The recommendation given herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned, though all proper care has been taken while presenting the data. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using this information contained herein are solely responsible for their own action. Information given here is obtained from the sources deemed to be reliable, but is not guranteed as to accuracy and completeness. The recommendation made here do not reflect the fundamental validity of the script, but is based on the theory of Technical Analysis.
    Investors using this services are advised only to rely on their own judgement while making any kind of investment decision according to their objectives and financial position.We or our clients have or may have holding or buy or sell position in the securities mentioned herein. All investments made in the stock market are subject to market risk.
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