A major correction was terminated for this scrip at 911 at the month of August 2013. From there, the scrip is in bull market. Now it is trading in a upward channel and at present it is ready for another rally towards the upper end of the channel which has a target of 1900-2000 range. In the downside, the scrip is close to its support of 1350. One can buy this scrip at current levels for a target of 1900 with a stop at 1350. And the target can be achieved with in 3 to 6 months.
Saturday, November 29, 2014
Thursday, November 27, 2014
Nifty Technical Outlook, Positional & Intraday Trading Levels, 27 November 2014
If Nifty sustains below 8500, then it could test 8435 and below that level it could test 8380.
Instead, if Nifty trades above 8500, then it could test 8540.
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