Stock Market View For The Week 17/02/2014 to 21/02/2014

posted by Paritosh on Sun Feb 16, 2014 12:12 pm


Weekly View:

In my last week, I had clearly posted that in no case bulls will let Nifty to fall below 6000 while on the other side on the upside will test 6100 levels.

And exactly as said, in the first half of the previous week Nifty made a high of 6106 and than fell down to test 5985 and gave a sharp bounce to close at 6048.

Now for the coming week also, bulls will show there strength at 6000 levels and will not let nifty fall and close below 6000 while on the other side bears are slightly stronger than bulls at 6100 levels, but it seems like Nifty will again test 6100 levels and will most probably close the week in and around 6100 levels.

Also Option data suggests that Bulls will not let Nifty fall below 6100 and bears as of now are strong at 6100, but bulls are showing capacity to surpass bears at 6100 levels.

Support and Resistance for the week are:

Support @ 6045-6005-5980
Resistance @ 6080-6110-6130

Weekly Levels:

Nifty :

Remain long above 6045 with SL @ 6020 for targets of 6080-6105-6130
Remain short below 5980 with SL @ 6020 for target of 5945-5920-5895 

Yes Bank :

Remain long above 301 with SL @ 297 for target of 304-307-309
Remain short below 296 with SL @ 299 for target of 294-292-289

Happy Trading....... 

posted by Paritosh on Wed Feb 19, 2014 11:50 am


Nifty long side all targets till 6130 done

Yes Bank long side all targets till 309 done

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