21st Sept,2011 (Wednesday)
Nifty (Intraday Close:5128.75)
Sensex(Intraday Close:17052.14)
Nifty Closed below today at 5128.75 -11 points down from previous close.Nifty could not break above the steepline of Inverted Head and Shoulder pattern.Nifty still looks bearish.I still maintain that even if tomorrow Nifty is able to cross above the Steep Line and comfortably close.If this does not happen,then the Inverted Head & Shoulder pattern will fail.
Crucial level to watch for Nifty is 5135.If nifty is hovering around the following levels then given below are the
Support Levels for Tomorrow for Nifty: 5102 and 5077
Resistance levels for Tomorrow for Nifty: 5161 and 5194
Tomorrow Overview of Stocks for 22nd Sep,2011
Axis Bank, as per my prediction went up today.Axis bank may still rise if it is above 1159 tomorrow.
Hero Honda looks Bearish tomorrow.
Infosys,Rel Capital and IDFC are showing doji formation that is indecision.
PowerGrid may jump up tomorrow if it is above 99 tomorrow.
Sesa Goa is maintain its support of 217 for last one week.Maybe its waiting for a correct signal to shoot up
Nifty (Intraday Close:5128.75)
Sensex(Intraday Close:17052.14)
Nifty Closed below today at 5128.75 -11 points down from previous close.Nifty could not break above the steepline of Inverted Head and Shoulder pattern.Nifty still looks bearish.I still maintain that even if tomorrow Nifty is able to cross above the Steep Line and comfortably close.If this does not happen,then the Inverted Head & Shoulder pattern will fail.
Crucial level to watch for Nifty is 5135.If nifty is hovering around the following levels then given below are the
Support Levels for Tomorrow for Nifty: 5102 and 5077
Resistance levels for Tomorrow for Nifty: 5161 and 5194
Tomorrow Overview of Stocks for 22nd Sep,2011
Axis Bank, as per my prediction went up today.Axis bank may still rise if it is above 1159 tomorrow.
Hero Honda looks Bearish tomorrow.
Infosys,Rel Capital and IDFC are showing doji formation that is indecision.
PowerGrid may jump up tomorrow if it is above 99 tomorrow.
Sesa Goa is maintain its support of 217 for last one week.Maybe its waiting for a correct signal to shoot up
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