RCOM Chart

Rcom is above its 200Dema. It has given a closing above long term trendline.
A buy signal with a stoploss at 200Dema.

Likely Targets

Move from 4770 to 5815 = 1045 Points
38.6% of 1045 = 403 +5548 = 5951  (1st Target) (Coincides with Apr'12 High "POINT A")
50.0% of 1045 = 522 + 5548= 6070 (2nd Target) (Coincides with "POINT B")
61.8% of 1045 = 645+ 5548= 6193  (3rd Target) (Coincides with "POINT C")
Point A coincides with 78.6% of fall from 6348 to 4532. So point A is likely to be a major resistance.

Upmove continues

Nifty has crossed 5740 easily. About to cross previous high of 5777. New highs possible soon.

Nifty Jumps

Nifty crossed all landmarks like 5680, 5710, 5725. Nifty gave a jump today and just below 5740. 5730-5760 will give some resistance. MACD has also given buy signal in NIFTY.
Watch: Hindalco, JP Associates, Tisco.