Tuesday, August 19, 2008

HCC - short term move !!!

The Nifty which remain below the crucial 4360 during the day but rallied in the last half hour to close higehr at 4368. Upmoves will have resistance at 4395 and 4430 while support is at 4350.

HCC has been moving in a channel for some time and yesterday it has taken support at the lower end . It had also give a hammer.



A break above 102 should give a short term target near 112-114 levels and stops must be kept at 95.50.

Upmoves in the Nifty / stocks may at present be treated corrective only. Other technical indicators are suggesting weakness on the daily charts.

Happy trading

CA Rajiv D Khatlawala
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1 comment:

Unknown said...

Sir, I dont know the Proper word to say on Pateti, but HAPPY PATETI FROM KUNAL DESAI

August 20, 2008 at 8:41 AM

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