Saturday, August 23, 2008

DISH TV . . .Watch IT ! again....!

The Nifty retraced some of it's loss and closed near the resistance level of 4325. Consider 4285 -90 as crucial support level for Monday. There is an expectation of up gap open considering that the Dow Jones was up 200 points. Upmoves in Nifty have resistance at 4380 - 4405 levels.

Dish TV is one stock which has witnessed higher volumes in recent days at lower price levels. They may be suggestive of accumulation.



Condsider up break out at Rs 40.75 for a medium term target of Rs 47 and then Rs 52-53/-. It is likely to face resistance at 52+ levels. Consider Rs 35 as the crucial support for the upmove.

Happy Trading

CA Rajiv D Khatlawala
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1 comment:

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October 27, 2009 at 5:46 PM

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