Tuesday 5 February 2013

Technical view by Nooresh

Technical view by Nooresh

Nifty – A risk-reward buy Opportunity at 5950-5970

Posted: 05 Feb 2013 12:29 AM PST

NiftyBuy thumb Nifty – A risk reward buy Opportunity at 5950 5970

 

Nifty Technical View:

 

It is now very close to the trendline support of 5930-5950 and recent bottoms at 5940.

A medium term trade would be to buy with a stoploss of 5840.

A quick trade could be to buy with a stoploss of 5920 on spot levels.

 

Index stocks to buy – Reliance Inds, BPCL, HDFC look interesting. Even BOB

 

Disclosure : Looking towards fresh longs and have advised a few now.

 

TECHNICAL ANALYSIS TRAINING SESSION – WEBINAR    planned for Feb 3rd weekend.

 

For more details mail to analyseindia@analyseindia.com

Regards

Nooresh Merani

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Related posts:

  1. Reliance Inds – Re-test of Breakout
  2. Nifty and Bank Nifty – At critical support levels and risk-reward buy areas . Kotak Mahindra and IDFC
  3. Hexaware – Risk-Reward Entry Point with RSI positive divergences

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