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......

JP Associates....

JP Associates is going to announce its results today, the stock has been really hammered down badly in 2013 and is trading in the over sold region for some time now.....

Good Supports near 69-65 levels...