Nifty Update for March 30 - Inder Bhatia

BUY ABAN ABOVE 445 TGT 470>484 STOPLOSS 427

The Indian market opened on a flat note and saw a choppy session, but managed to close in the green zone. For the coming session RSI is showing negative divergence on hourly chart, which indicates profit-booking around 3136-3153 zone. On the other side 3082-3067 zone will act as support zone.

BUY TATAMOTORS 191 TGT 197>204 STOPLOSS 184

Last week Sensex had crossed the psychological 10,000 mark and Nifty crossed 3100. On a daily chart Nifty is heading near the upper channel and with strong resistance zone at 3173-3240.

On the above chart, the bulls are trying to make a third attempt to crack 3180 on a closing basis while on the other side bears have failed their third attempt to crack the lower side below 2500, on closing basis.

We see that the RSI has crossed above 60, for the first time, in this bear market. This indicates the market is in the grip of bulls and they are trying to crack the band of 2500-3200. Technically, a third or fourth attempt makes bulls or bears weak to hold on to a specific zone. Market has move from 2500 to the 3100 zone without any correction, hence a correction is due.

ABAN Reversal Expected 22-26 Dec - Rakesh Chandra

Aban Lloyd daily charts show a symmetrical triangle formation. This should form a reversal pattern in the upward direction, the confirmation of which would come only after crossing the upper line. daily chartsymetrical triangle formation.

For longs, with stoploss 729 buy above 744.87 with next week up target>771>>813>>>839.

For shorts, with stoploss 745 short below 728.73 with lower target 703>>660>>>634.

Nifty Update for September 19 - Inder Bhatia

The Indian market bounced back from the lower levels and saw smart recovery across the sector. The Nifty opened at 3800 zone but closed near the day's high above 4000. For the coming session if indices trade above 4100 we could see it touching 4163-4200 levels. On the lower side 3920-3960 will act as support zone.

Buy Aban above 2408 TGT 2477 >2556 Stoploss 2355.

Hot Calls for Week September 8-12 - Inder Bhatia

Buy ABAN above 2307 TGT 2353>2416 Stoploss 2279.

Buy APIL 402 TGT 411>423 Stoploss 396.

Sell ESSAROIL below 199 TGT 193 >187 Stoploss 204.

Buy NTPC above 174 TGT 181>185 Stoploss 171.