NIFTY AND STOCK VIEW UPDATED BY USING POINT AND FIGURE

DATE- 1 APRIL 2014

Nifty 10X3 CL P&F CHART

Strategy for 01 APRIL  2014: Nifty Major trend is up because its trading above major and intermediate 45 degree trend line . Do follow every new column  X . 6760-6800 is resistance area for nifty in  coming week so from that levels we could see some correction of 100-200 point but its my assumption and on basis of assumption we should not take trade unless or until price will tell to take  trade. Tomorrow resistance is 6760, 6800 and support is 6680, 6640. Tomorrow we can see some selling pressure at higher levels so be careful in intraday position. Major trend is up so one should not go beyond the trend and should follow the trend  .

IOC –Medium termPick

è  MAJOR TREND IS UP BECAUSE ITS TRADING ABOVE MAJOR AND  INTERMEDIATE  45 DEGREE TRENDLINE AND ABOVE 200 DEMA .

      

 è  BUY AND HOLD IOC BETWEEN 278-282 SL 270 TGT 300, 330    

           

  

       RAJU RANJAN

Mob- 9975606284