Tuesday, 4 March 2014

NIFTY AND STOCK VIEW BY USING POINT AND FIGURE





DATE- 4 MARCH 2014

Nifty 10X3 CL P&F CHART



Strategy for 4 MARCH  2014: As I was anticipated that nifty should come down and from Friday I was mentioning that nifty is at its residence so it should come down and it happened , Finally nifty closed in red at 6221. In point and figure we have seen column reverser so still my view is negative so those who are in short should follow sl of 6300. For tomorrow nifty major support is looking around 6180-6190 and resistance is around 6160-6170 so do trade acordingly. If 6200 broken on closing basis then we can see 6100 in very short time .  

RPOWER Medium termPick


è        MAJOR TREND IS DOWN BECAUSE ITS TRADING BELOW MAJOR 45 DEGREE TRENDLINE AND 9 DEMA

è       SELL RPOWER IF SUSTAIN BELOW 60 SL 63 TGT 57, 53


      RAJU RANJAN
Mob- 9975606284

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