Archive for September, 2009

20
Sep
09

Nifty Watch

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

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