Friday 16 November 2012

Trading the Nifty on 16th November


I have to repeat what I have wrote yesterday. The Nifty is behaving as expected. The Nifty is in Bearish zone. From here too there is more downside as the major other markets are also in the red.  From a gap down like opening we cannot expect a good show from Nifty. 

From this point onwards, 5606 is a good support level. If this is broken levels of 5587 and 5568 can be tested. On the upper side 5625 is an important level to observe.

NIFTY
Classical
Camarilla
Fibonacci
DeMark
Resistance 4

5657


Resistance 3
5702
5644
5677

Resistance 2
5677
5640
5658
5677
Resistance 1
5654
5635
5647
5654
Pivot Point
5629
5629
5629
5629
Support 1
5606
5627
5610
5606
Support 2
5581
5622
5599
5581
Support 3
5558
5618
5581

Support4

5605



Thursday 15 November 2012

Trend on Nifty stocks on 16th November


Symbol
Closing Price
Short Term
Mid Term
EMA Trend
Status
Williams
ACC
1404.4
Bull
Bull
Bull
Bear
Bear Zone
AMBUJACEM
207.3
Bull
Bull
Bull
Bear
Bear Zone
ASIANPAINT
4014.95
Bull
Bull
Bull
Bear
Bear Zone
AXISBANK
1232.25
Bull
Bull
Bull
BUY
Bull Zone
BAJAJ-AUTO
1835.85
Bull
Bull
Bull
Bear
Bull Zone
BANKBARODA
752.55
0
Bull
Bull
Bear
Bull Zone
BHARTIARTL
290.3
Bull
Bull
Rec
Bull
Bull Zone
BHEL
235.35
Bear
Bull
Rec
BUY
Bull Zone
BPCL
330.7
Bear
Bear
Dist
Bear
Bear Zone
CAIRN
337.95
Bear
Bull
Bull
Bull
Bull Zone
CIPLA
388.8
Bull
Bull
Bull
Bear
Bear Zone
COALINDIA
348.4
Bear
Bear
Bear
BUY
Bull Zone
DLF
209.25
Bear
Bear
Bear
BUY
Bull Zone
DRREDDY
1721.65
Bull
Bull
Bull
Bear
Bear Zone
GAIL
354.05
Bear
Bear
Bear
BUY
Bear Zone
GRASIM
3231.65
0
Bear
Bear
Bear
Bear Zone
HCLTECH
620.65
Bull
Bull
Bull
BUY
Bull Zone
HDFC
793.15
Bull
Bull
Neut
BUY
Bull Zone
HDFCBANK
646.25
Bull
Bull
Neut
Bull
Bull Zone
HEROMOTOCO
1839.65
Bull
Bear
Neut
Bear
Bear Zone
HINDALCO
111.2
Bear
Bear
Neut
Bear
Bear Zone
HINDUNILVR
533.8
Bear
Bear
Bear
BUY
Bear Zone
ICICIBANK
1054.65
Bull
Bull
Bull
Bear
Bear Zone
IDFC
164.9
Bull
Bull
Bull
Bear
Bull Zone
INFY
2296.3
Bear
Bear
Bear
Bear
Bear Zone
ITC
276.45
Bull
Bear
Bear
Bear
Bear Zone
JINDALSTEL
368.1
Bear
Bear
Bear
Bear
Bear Zone
JPASSOCIAT
91.65
Bull
Bull
Bull
Bear
Bull Zone
KOTAKBANK
637.2
Bull
Bull
Bull
BUY
Bull Zone
LT
1604.95
Bear
Bull
Bull
Bear
Bear Zone
LUPIN
575.95
Bull
Bear
Bear
Bear
Bull Zone
M&M
901.65
Bull
Bull
Bull
Bear
Bull Zone
MARUTI
1466.05
Bull
Bull
Bull
Bear
Bull Zone

REC – Recovering, Dttb – distribution, Accu – Accumulation