Monday, January 21, 2013

Nifty Weekly Reports and Tips 21 Jan to 25 Jan 2013

Spot Nifty Technical Report :-

Nifty Futures traded with positive biaseness and closed at 6072 with a gain of 18 points . As the over all week for nifty is bullish as nifty traded with positive biasness and manage to close above 6000 level further upside movement is expected if it cross the level of 6210.

Technical Levels :-

SUPP 1&2 : 6045/6000
RES 1&2 : 6100/6135 

Bank Nifty Technical Overview :-

Bank Nifty Futures closed at 12693 with a gain 3 points. Bank nifty showed positive movement traded below 10 day as bank nifty is looking bullish upward movement is expected if it not breach the level of 12500 .

Bank Nifty Support and Resistance Levels :-

SUPP 1&2 : 12600/12500
RES 1&2 : 12830/12900

Stock Of The Week - IDFC Ltd :-

IDFC is looking bullish on chart as it is consolidating with positive biasness and taking strong support from its 50 DMA at the level of 171. Currently the stock is in consolidation phase and is facing resistance from the level of 178. If it crosses above this level then we may expect good upside move in the stock.

Technical Levels :- Support :- 171, Resistance : 178

Recommendation :- We recommend BUY IDFC above the level of 178 for the Targets of 185 and 192 with Stop Loss of 171.

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Posted By Commodity MCX Tips