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November 1, 2012

Trendline Support

                                           Took support at trendline. If sustains above it, it will soon cross EMA-10 and upper trendline. SAR for tomorrow is at 5657.
Intraday If it reverses back, from higher levels(Opening seems to be above SAR) SAR will be 5657-20=5637.

October 31, 2012

Technicals

Nifty's support of 5630-45, till yesterday will act as resistance now. It is retracing now from 5620 range.
Nifty SAR for tomorrow 5659.  

I have limited / reduced the technical studies to:
1) 10 D EMA / SMA
2) MACD
3) TRENDLINE

BUY TCS:  MACD CROSSOVER, ABOVE 10 D SMA
BUY INFOSYS : ABOVE 10 D SMA, (ON SUSTAINING ABOVE 2370)

October 30, 2012

NIFTY BREAKS DOWN

Nifty has finally broken below the range and trading around 5600. Now SAR is at 5684.