Thursday, May 31, 2012

stock view!!

IGL
Price made a low of 192.5
Support can be seen at current price level.
If stock sustain this level then there can be a change in trend.

Tata motors
Stock was down today 4%, Made a low of 230.
Change in trend of MACD and ROC is seen on hourly charts.
stock can take a reverse from level of 220-230.

M&M
Trend in the stock seems to be sideways.
If stock sustain above 645 in coming days that there can be a positive movement in the stock.

Spice Jet
The stock made a gap down opening today.
The result was very negative and loss was 4 fold.
the stock future growth seems good and one can enter at current price levels with a stop loss of 26.

Nifty Analysis!!!!


Market closed at 4924 down 0.54%
There is change in MACD and ROC indicating positive movement.
Resistance for the nifty is around 4960 and 5020.
Tomorrow sideways to positive movement can be seen in the market.

Wednesday, May 30, 2012

stock view!!!

Sterlite
Stock will contiune to slide down tomorrow as well.
There is no support seen at 95.
price of 93 can be seen tomorrow.

JSW steel
Stock today sustained the level of 618.
MACD is showing chances of positive trend if stock sustain in opening hours.
current level is very situational on the basis of tomorrow opening

IGL
Stock failed to move up.
broke a support of 203, the stock is likely to move towards 192.

Tata motors
Stock tumbled today around 12%.
If stock take support at 240 then some upside can be seen in this stock.
failing that the stock will go down to 221 level.



Nifty analysis!!


Today there was gap up opening in the nifty.
It opened down at 4960 and made a high of 4982.
Negative global cues from EURO and USA are putting pressure on market.
Market seems to be negative.
support at be seen around level of 4920.