What a weekend for market. Nifty jump frm 5348.20 to 5667.10 & finly manage to close abv 5600 lvl.
abv 200 DEMA. Sensex & Nifty both record more than 5% gain. Banking, IT & almost all sector shown
good movement. Now on daily chart Nifty shown on over bought & it alost close abv upper lvl of Bolling band. Its very interesting to see how nifty ll behave.
FII wkly net psnal in cash up 2205.37 Cr.
DII wkly net psnal in cash up 1320.05 Cr.
Nifty 200 DEMA 5584.45.
NIfty sprt 5620-5580-5500.
Nifty rstnce 5700-5750-5800.
Crude Oil trading at 105.52$. Few years ago when Crude oil price was rising thn many countires decided
to use Nuclear power plant. One report stated tht aronund 15 % of world's electricity is generated from nuclear power plant.Some countries had allready depended more on this energy. But after earthquake & stunami hit japan & we all know wht happen with japan nuclear power plant there some explostn & some rediation out from nuclear plant that was the worry for rest of the world. There speculation is some countires ll prefer Oil than nuclear power after this incident. If this ll happen thn we ll see more rise is crude oil may be it ll breck its previous high but keep in mind tht this ll long term process the rise ll not happen in short term period.
Stock to watch for next wk :
Reliance Sprt 1009-990-970. Rstnce 1035-1055-1085.
LT Sprt 1580-1555-1530 Rstnce 1625-1670-1725.
BHEL Sprt 2050-2000-1970. Rstnce 2145-2190-2265 .
Tata Motors Sprt 1165-1130-1070. Rstnce 1195-1230-1280 .
SBIN Sprt 2665-2620-2590.Rstnce 2720-2770-2820.
Tata Steel Sprt 610-603-590. Rstnce 618-630-645.
abv 200 DEMA. Sensex & Nifty both record more than 5% gain. Banking, IT & almost all sector shown
good movement. Now on daily chart Nifty shown on over bought & it alost close abv upper lvl of Bolling band. Its very interesting to see how nifty ll behave.
FII wkly net psnal in cash up 2205.37 Cr.
DII wkly net psnal in cash up 1320.05 Cr.
Nifty 200 DEMA 5584.45.
NIfty sprt 5620-5580-5500.
Nifty rstnce 5700-5750-5800.
Crude Oil trading at 105.52$. Few years ago when Crude oil price was rising thn many countires decided
to use Nuclear power plant. One report stated tht aronund 15 % of world's electricity is generated from nuclear power plant.Some countries had allready depended more on this energy. But after earthquake & stunami hit japan & we all know wht happen with japan nuclear power plant there some explostn & some rediation out from nuclear plant that was the worry for rest of the world. There speculation is some countires ll prefer Oil than nuclear power after this incident. If this ll happen thn we ll see more rise is crude oil may be it ll breck its previous high but keep in mind tht this ll long term process the rise ll not happen in short term period.
Stock to watch for next wk :
Reliance Sprt 1009-990-970. Rstnce 1035-1055-1085.
LT Sprt 1580-1555-1530 Rstnce 1625-1670-1725.
BHEL Sprt 2050-2000-1970. Rstnce 2145-2190-2265 .
Tata Motors Sprt 1165-1130-1070. Rstnce 1195-1230-1280 .
SBIN Sprt 2665-2620-2590.Rstnce 2720-2770-2820.
Tata Steel Sprt 610-603-590. Rstnce 618-630-645.
