BHEL was not so tasty!!!!

Hi all,

unfortunately, Bhel got stopped out, however it found support near 195-196 levels, if anyone is still holding the same can have a SL below the same.... with targets remaining the same.

Regards

Hrishi

Bang on Target!!!!

Hi All,

As expected and posted earlier (Link - http://hrishikeshprabhavalkar.blogspot.in/2013/03/bulls-tired-now.html),

Nifty was hammered down till the exact support areas mentioned in the earlier post. It bounced back from 5790-93 levels and now trading more than 100 points above it....

At current levels of 5900, it is trading near a resistance areas of 5920-5950 levels and on intraday started to show some bearishness. If it breaks 5880 levels now we can expect a small correction on the lower side in intraday....

Levels to watch out for 5880-5840-5815-5800-5790 on the lower side.... where as 5920-5950-5975 will be resistances on the higher side...

Cheers

Hrishi

BHEL

Hi All,

BHEL looks good @ 199.8-200 with SL below 198-197.5. Resistances near 207-210-2013

Bulls tired now!!!!

As expected, Nifty faced a resistance near 5970-80 levels.....

It is expected to correct till 5875-5850-5790.....

Medium term outlook is still positive till Nifty is above 5640-5600 levels.

Short term view has already turned bearish with supports mentioned above....