Tuesday, 25 March 2014

NIFTY AND STOCK VIEW BY USING POINT AND FIGURE

DATE-25 MARCH 2014

Nifty 10X3 CL P&F CHART



Nifty 10x3 HL P&F CHART


Strategy for 25 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 . For this week I am expecting nifty should move again in range between 6400-6600. For tomorrow major  resistance is 66400,6690 and  support is at 65300, 6480. no fresh trade in nifty… Be stock specific.  Nifty is looking strong above 6550 and below 6460 looking weak so do trade accordingly.

BANKBARODA Medium termPick


è  MAJOR TREND IS UP BECAUSE ITS TRADING ABOVE MAJOR AND  INTERMEDIATE  45 DEGREE TRENDLINE .

      
 è     BUY AND HOLD BANKBARODA BETWEEN 660-665 SL 640 TGT 690, 710

INTRADAY TRADER BUY IF SUSTAIN ABOVE 673 BECAUSE MORE MOMENTUM IS LOOKING ABOVE 673 


       RAJU RANJAN
Mob- 9975606284

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