NIFTY Watch:-
20.09.2009
Fibonacci price projections:
|
|
0% |
61.8% |
100% |
161.8% |
261.8% |
| Up |
4353 |
4595 |
4744 |
4986 |
5377 |
| Dn |
4744 |
4502 |
4353 |
4111 |
3720 |
Rsi ( 5 days ) is 89 showing over bought . short term players may book profit at current levels , if advance decline ratio is not favoring bulls. Nifty has made 2 doji also . one idea is clearing may be near of below 4920 ( 5 days moving average ) and above 4761 ( 20 days moving average ). Let’s see how it moves. All recommendations given on this site i.e. Idus Ind bank, Andhra Bank, JK Bank, Sintex , Max, Core Project, Crain India, and others proved good, not only good but yield a handsome return. Long term Investor may hold their positions
FT : sell @ 1400/- s.l 1485, target 1360 – 1340 – 1240
Uco Bank : sell @ 47/- s.l 48.4 target 44.80
Hcl : sell @ 347/- s.l 370/- target 320 – 290
Patni : sell @ 489 s.l 550/- target 428 – 391
Ultra tech : sell 783/- s.l 829 target 739 – 716
DISCLAIMER :- We can’t dictate the market. Its an observation only. May , may not hold good. Much depend on govt. policies ,economic & political scenario. Its more of an informatics’ article only. Presenter /writer is not liable or responsible for any personal or financial losses or profits
