Friday, May 14, 2010

NIFTY NEXT: AXIS BANK 1 MIN TECHNICAL CHARTS ( 14 MAY 2010)

AXIS BANK  MAY TOCUH TODAY 1280.
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NIFTY NEXT: NIFTY TRADING RANGE 5130-5200 (14 MAY 2010)

NIFTY IS BEARISH ON MONTHLY TECHNICAL CHARTS.ALL PROMINENT INDICATORS ARE IN OVERBOUGHT ZONE.TODAY NIFTY MAY TRADE WITHIN THE RANGE OF 5130-5172 AS THE PRICE BAND. CLOSING ABOVE/BELOW THESE TWO LEVELS INDICATES TREND REVERSAL. SBI IS LOOKING BEARISH ON CHARTS.
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Thursday, May 13, 2010

NIFTY NEXT: NIFTY 5 MINS EOD TECHNICAL ANALYSIS (13 MAY 2010 )

NIFTY TODAY(13MAY 2010) CLOSES @ 5178.90.THE COST-OF-CARRY WAS -0.30% INCREASED BY 87.60% WITH DECLINE IN OPEN INTEREST BY -2.23% AND VOLUME BY -26.67%.  5200 CALL & PUT HAS SEEN HUGE INCREASE IN OPEN-INTEREST, INDICATING THE NEXT RESISTANCE @ 5200. WE ARE BULLISH FOR INDIAN INDEX WITH STOP-LOSS @ 5172. BHARTI AIRTEL MAY SEE SOME BUYING INTEREST WHILE JSW STELL MAY SLIDE MORE IN COMING DAYS.
CALL NIFTYNEXT# 880 2230 836 FOR PAID CALLS.
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