DATE-19 MARCH 2014
Strategy for 19
MARCH 2014: Nifty Major
trend is up because its trading above major and intermediate 45 degree trend
line . From 4 February nifty has given nice move of almost 630 point . Major
trend is up so any correction could be an opportunity for fresh long. For
tomorrow major resistance is 6530,6570,6610
and support is at 6480, 6440.from last
couple of days nifty is moving in 6450-6565 and above 6560 we had seen strong
supply zone and near 6500 we had seen strong demand. Today nifty has broken its previous resistence
6565 but not able to sustain and finally closed at 6516. If nifty able to hold
6480 then we will see 6610 in very short term.
CIPLA –Medium termPick
è MAJOR TREND IS UP BECAUSE ITS TRADING ABOVE INTERMEDIATE 45 DEGREE TRENDLINE AND ANCHOR POINT
è BUY AND HOLD CIPLA BETWEEN 384-386 SL 375
TGT 400, 410
RAJU RANJAN
Mob- 9975606284
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