Expected In Coming Days Bullish Trend Start In Market Expected Sensex Cross 29000 Before March 2016
Nifty Overview : On Friday, Nifty closed at 7874 levels. Last week, Nifty showed a positive momentum thus opening the next level till 8100. On downside, the major support is still at 7570 levels. However there is inter-mediate support at 7700 levels. A break below 7700 can drag nifty at lower levels. Bank Nifty Overview : On Friday,
Bank Nifty closed at 16845. Last week, we suggested creating buy position above 16775 and it made a high of 16937. Now with positive weekly closing, bank nifty can go till levels of 17150. Bank Nifty would see lower levels below 16600/16400 i.e sell position can be created below 16600/16400 levels.
ARSS Infrastructure Projects Ltd. (CM Rs 50.40) :- ARSS Infrastructure Projects Ltd., after making public issue of shares, was listed on the BSE in March, 2010, when it made a debut at Rs 640 and shot up to a high of Rs 1416.20 within a short time of just four months, in July, 2010. Such a stupendous appreciation in market price in just four months' time attracted many investors in its public issue, to pocket profits and made its price to go down as a result. However, besides profit-booking, a few other negatives for the company cropped up and pushed it into a long-lasting downtrend that ended only when its price fell to as low as Rs 13.70, in August, 2013, when the markets, in general, bottomed out in August, 2013, before entering the latest unprecedented boom. The share, from Rs 13.70 in August, 2013, shot up to a high of Rs 71.70 in July, 2014, a reason enough to push it back as a result of which it fell to a low of Rs 21.50 in August, 2015. Thus, still a higher bottom was established resulting in creation of a double bottom formation, which being a bullish formation, sent the share sharply up to reach a high of Rs 50.40 on Thursday at which level it closed in a higher price band. This being a bullih sign on its chart, makes it a good buy for shrot-term trading gains.
Nifty Overview : On Friday, Nifty closed at 7874 levels. Last week, Nifty showed a positive momentum thus opening the next level till 8100. On downside, the major support is still at 7570 levels. However there is inter-mediate support at 7700 levels. A break below 7700 can drag nifty at lower levels. Bank Nifty Overview : On Friday,
Bank Nifty closed at 16845. Last week, we suggested creating buy position above 16775 and it made a high of 16937. Now with positive weekly closing, bank nifty can go till levels of 17150. Bank Nifty would see lower levels below 16600/16400 i.e sell position can be created below 16600/16400 levels.
ARSS Infrastructure Projects Ltd. (CM Rs 50.40) :- ARSS Infrastructure Projects Ltd., after making public issue of shares, was listed on the BSE in March, 2010, when it made a debut at Rs 640 and shot up to a high of Rs 1416.20 within a short time of just four months, in July, 2010. Such a stupendous appreciation in market price in just four months' time attracted many investors in its public issue, to pocket profits and made its price to go down as a result. However, besides profit-booking, a few other negatives for the company cropped up and pushed it into a long-lasting downtrend that ended only when its price fell to as low as Rs 13.70, in August, 2013, when the markets, in general, bottomed out in August, 2013, before entering the latest unprecedented boom. The share, from Rs 13.70 in August, 2013, shot up to a high of Rs 71.70 in July, 2014, a reason enough to push it back as a result of which it fell to a low of Rs 21.50 in August, 2015. Thus, still a higher bottom was established resulting in creation of a double bottom formation, which being a bullish formation, sent the share sharply up to reach a high of Rs 50.40 on Thursday at which level it closed in a higher price band. This being a bullih sign on its chart, makes it a good buy for shrot-term trading gains.
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