Tuesday 24 July 2012

Technical Analysis For 25/07/2012



25/07/2012


kotakbank
cl-544.25 hi-558.65 lo-542.25
For those who hold position today.
kotakbank traded in oversold zone .all oscillators are oversold.
strong resistace at 548 ,if it cross it may move up to 554 and then 564 and 570 .




Nifty
Nifty closed on a slightly bullish note at 5128. first support is at 5106 level. Next supports are at 5085 and 5066level. today the first resistance for nifty is at 5147 level. Next resistance are at 5166,and 5188 levels.

Oscillator Analysis -The oscillator is showing oversold sell signal if NIFTY hold their trading above 5147 then it will move forward to test 5166 and 5188,Short Term Trend is SIDEWISE .LEVEL 5162-5163 havin STRONG resistance if it sustain above 5175 then upside movement expected.
24 July 2012: PCR_OI:1.11 PCR:0.898
24 July 2012 Premium: 7.15 Futures OI:16951850.0



BankNifty
intraday strong resistance 10353. if it cross and hold then it may test 10407 and 10465 and while target support 10241 ,10183 and 10128
"trade with levels"


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