18-October-2010 Weekly News Letter ( by NiftyLiveCharts Team )
The markets are trading Higher and Currently in bull trend. we have witness some profit booking at higher levels, but Still the long term trend looks to be bullish only. So any Correction here should be welcomed as buying opportunity. Buying the right stocks is going to be the Key for Best return in coming time. The Next 6 – 8 months can be highly rewarding and one can make very decent profit by selecting the right trading strategy.
Nifty 6062
Trend = BULL
Trend reverse = Below 6034 ( Trend will be Bear below this )
Support1 = 5980 Resistance1 = 6214
Support2 = 5898 Resistance2 = 6366
Support3 = 5746 Resistance3 = 6448
Bank Nifty 12,346
Trend = BULL
Trend reverse = Below 12300 ( Trend will be Bear below this )
Support1 = 12171 Resistance1 = 12674
Support2 = 11996 Resistance2 = 13002
Support3 = 11668 Resistance3 = 13177
Strong FNO Shares
TATACHEM,PATNI,ABGSHIP,SESAGOA,TTML,IOB,ORCHIDCHEM,NAGARFERT,VIJAYABANK,CHAMBLFERT
Weak FNO Shares
MUNDRAPORT,PRAJIND,ZEEL,BPCL,
Five Small share looking good for Investment
1.Binani Industries Ltd
2.India Glycols Ltd
3.Kay Power And Paper Ltd
4.Gujarat Automotive Gears Ltd
5.Uflex Ltd
Securities in Ban Period
1,ABAN
2,COREPROTEC
3,ISPATIND
4,JINDALSWHL
5,KFA
6,ORCHIDCHEM
7,VIJAYABANK
look forward to get details in Next week. Thanks
we have announced new packages , visit http://www.niftylivecharts.com/packages.html
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Warm Regards
Lets Make Profit Team
Contact Numbers :- 9899555993 | 9811344604 | 011- 45871907 | 011-65576740
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