HeshTechnicals

Monday, August 29, 2011

Nifty View

Dear Traders/Investers,

Nifty made high 6339 & hit low by last week nearly 4720 so, in daily technical chart Nifty in OVERSOLD ZONE. In Weekly chart Nifty just touch to oversold zone area. Now we have to watch from here market bottom out & come up above 4900 or not? If close below 4850 & not taking support or bounce from 4675-88 levels then LONG TERM INVESTERS ALERT & take needful steps regarding their Stocks. Here also attached nifty 2year weekly chart with symmetrical triangle with approxly 1500 point (high 6336-Low 4800=1536) So ultimate target should be 3264 (IF IT ONLY CLOSE BELOW 4675 WEEKLY BASIS)

So, in this all UPS & DOWNS we have EXCELENT OPPORTUNITY for buying ONLY A GROUP STOCKS like TATA GRP, RELIANCE GRP (More focus on Mukesh Ambani Scrips) Larsen GRP, Coal India, Bhel, M&M, BAJAJ GRP, TCS, Cairn, BPCL, HPCL, HUL, IGL, ITC, MOIL, Mundra Port,  IDFC, POWER GRID, NTPC, NHPC, ONGC, SESA GOA, ADANI POWER, PETRONET LNG. 


In banking SBI, BANK INDIA, INDUS IND Bank, Central bank, UCO BANK & in Private banking you should go with Axis Bank, ICICI Bank, KOTAK BANK, YES BANK, HDFC(Both)


Such Scripts you should AVOID:
KSOIL, SKS MICRO, ACROPETAL, CREW BOS, LITL, PATEL ENGG, Greaves Crom., GTL GRP.


ABAN, ALL INFRA STOCKS, UNITECH & SUZLON ONLY RISK TAKER CAN BUY




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