Tuesday, 18 February 2014

CHART STUDY THROUGH POINT AND FIGURE

DATE- 18 FEBRUARY 2014

Nifty 10X3 CL P&F CHART


















Strategy  for  18 February  2014  : Major trend of nifty is down because its trading below major 45 degree trend line . If nifty will close below 6000 mark then one more count will be active for tgt of 5820-5850. Nifty is in oversold zone so I am expecting some more positive bounce. If nifty will close above 6110 then double top buy signal will generate but this buy signal could be bull trap because of major trend is down. So from here double bottom sell signal will give more confidence compare to double top buy signal. Those who are aggressive trader can buy nifty  if sustain above 6110 sl 6060 tgt 6210. Positional trader wait for double bottom sell signal.


 ICICI BANK Medium term Pick



               
   è     BUY ICICI BANK BETWEEN 1003-1010 SL 982 TGT 1050, 1070


RAJU RANJAN
9975606284

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