Stock Market View For The Week 10/02/2014 to 14/02/2014


posted by Paritosh on Sat Feb 08, 2014 02:24 pm

#1

Weekly View:

In my past outlook, it was clearly mentioned that bears are fully charged at 6300 levels and exactly we saw Nifty sliding down to test levels around 5950 in just 15 days and last week gave a close at 6063 levels.

Now at this juncture, bulls are fully charged at 6000 levels and will in no condition let Nifty fall and close below 6000 levels.

While on the upside, bears have made up there positions at 6100 levels but are not as strong as bulls are at 6000 levels.

In short, in coming week we will see Nifty testing levels around 6100-6130 where it will face some resistance.

Support and Resistance for the week are as follows:

Support @ 6045-6010-5980
Resistance @ 6090-6110-6140

Weekly Levels:

Nifty:

Remain long above 6060 with SL @ 6040 for target of 6085-6105-6130
Remain short below 6040 with SL @ 6060 for target of 6015-5980

Yes Bank:

Remain long above 309 with SL @ 303 for target of 316-321-327
Remain short below 303 with SL @ 308 for target of 297-292

Happy Trading....... 

posted by Paritosh on Wed Feb 12, 2014 10:02 am

#2

it was clearly told nifty will test levels around 6100-6130 ... and currently trading at 6096 



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