Nifty Chart
Unitech Chart
Price have made a triangle formation.
RSI and MACD on a verge of crossing upside.
Rally of 4-5 rs can be seen in this stock if price broke upside.
Sterlite Chart
I will give a wait and watch view in sterlite.
Its trading at 104 where support of 200 SMA and fibonacci level can seen.
If price if this stock sustain this level with good volume then upside can be seen.
MACD seems like in a mood to crossover upside.
Hindalco Chart
I gave buy view on hindalco when it was trading at 117 and buy view is still open with a stoploss of 109.
Crossover in MACD and RSI shows a sign of positive rally in the stock.
Regards
Rinkesh Jain
Nifty is now trading at 5941.80, it is crucial support level for medium term.
It is very dicey situation as it is on a verge of support level and breaking of this level can create a panic in intraday session.
If nifty closes below 5940 then next support level is 5890.
Unitech Chart
RSI and MACD on a verge of crossing upside.
Rally of 4-5 rs can be seen in this stock if price broke upside.
Sterlite Chart
Its trading at 104 where support of 200 SMA and fibonacci level can seen.
If price if this stock sustain this level with good volume then upside can be seen.
MACD seems like in a mood to crossover upside.
Hindalco Chart
Crossover in MACD and RSI shows a sign of positive rally in the stock.
Regards
Rinkesh Jain
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