Thursday, April 26, 2012


JSW steel
jsw steel after sustain above 690 for few hrs closed at 679 ie below yesterday closing price.
price can reach 645 in near term.


M&M
Triple bottom is formed in the price pattern and there is possibilites to break that.
if it broke tomorrow then the price can reach 690-85.
Overall negative view on this stock.

Hindalco
Stock closed today at 117.
look like in a bearish mode yet.... upper trend will be confirmed only if close again above 119.

KRBL
Closed at 20.. 1% down.
Likely to break the support of 19.50... if thats done then can go till 17.50.

JP Associate
Continued to be in a bearish mode.
positive only if closes above 73... otherwise will continue the downward trend.

Castrol india
Castrol was down for few days after touching 550.
Positive movement can be seen if it sustain above 490 in coming days with volume.

Nfity Analysis


5200 is crucial level for nifty on a weekly basis...
if it close below 5200 then there are chance of breaking 5170 which have been crucial.
for the past two days nifty is sustaining the level of 5180-5220.
Still positive on nifty for short term.

Wednesday, April 25, 2012

Techincal analysis of stock

JSw steel
JSW steel failed to sustain the upward movement and closed at 689.50.
if stock closed above 690 tomorrow then positive movement can be seen.
Failing that stock can touch the price of 642.

KRBL
krbl made a low of 19.80 and i was expecting the fall in the price to fill the gap to confirm the upward and to sustain the upward movement.
Positive movement can be seen if it sustain abovve 19.50.

Sterlite
Price closed at 107.80 whit 1.90% up.
upwards movement can be seen in coming days if the week.

Hindalco
Opening was positive but the volume didnt supported by the price
118 will be support and tomorrow movement will decide the further movement.

M&M
Price will be seen now tomorrow.
support can be seen at 692.
breaking of 692 will confirm the more down trend in the stock.

JP assciates
price made a low of  72.2
Good volume was seen in the stock in second half of the session.
will be expecting upside tomorrow with a stoploss of 72.2

Nifty today opened on a positive note today and was sustaining above 5200.
Downgrade of India future outlook pull the rally downside in first half...
However market gained confidence and recovered and close at 5202.. 20points down
Positive movement can be seen tomorrow with resistance at 5240-5260.