Hope became reality.....

Hi all,

As expected (http://hrishikeshprabhavalkar.blogspot.com/2013/02/a-ray-of-hope.html) Nifty took supports near 5870-75 levels and bounced sharply to current levels of 5955-60. Now the levels to watch out on higher side will be 5970-5985-6000....

Those who are long can book partial profits of ~ 1% in Nifty

Cheers .....

JP Associates.... Hammering out the down trend

Hi all,

As mentioned in the earlier post, (http://hrishikeshprabhavalkar.blogspot.com/2013/02/jp-associates.html) JP found support near 69 mark (12th Feb 13 low of 69.10......

Surprisingly it had created a Hammer on daily charts and hence is a candidate for at least a short term small bounce...

CMP 73.5-74

Supports - 69 - 65
Resistances - 75.50-79-82.5-88.



Cheers.....

Hrishi

A Ray of hope!!!

Hi All.....

Nifty has shown some small signs of recoveries on hourly charts...

5895-5875 can act as a support for immediate term.

Till these levels are holding, once can expect a small bounce in Nifty......