Technical Charts – Reliance Inds, ACC Ltd, Axis Bank , Canara Bank and Crude Technical View

The latest update on Crude Technical View was posted on

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RIlresistance

 

RELIANCE INDS :

Needs to cross 1060 to head to 1100 odd.

Supports now placed at 1010.

acc

ACC :

Small breakout but may face resistance at 1045-1050

axisbank

 

AXIS BANK :

The stock has not been able to clear beyond 1345 in the past 3-4 attempts. Will RBI meet help it or will take yet another hit from the same level.

canrabank

CANARA BANK :

Almost a breakout ! Sustaining above 635 can take it to 670 +

 

Random Thoughts:

Many of the PSU banks and private banks have seen some buying in last two sessions as well as are well placed technically.

Is the market expecting a lesser cut from RBI ? or is the rate cycle nearing an end?

Difficult to take a guess but charts give a positive bias.

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7 Comments

  1. zulfikar
    March 18, 2011

    hello nooresh
    what is your view on modison metals and jmc projects over the next 3 months???

    Reply
    1. nooresh
      March 18, 2011

      Hi Zulfikar,

      Modison is a funda play. JMC i dont track closely now

      Reply
  2. Ram
    March 18, 2011

    Hello,

    We would like to contact you or a blogging engagement. Please let us know your contact details or drop a mail to
    xeragoindia@gmail.com.

    Thanks,
    Ram

    Reply
  3. Anju
    March 18, 2011

    Sir
    pls let me know ur view on SESAGOA
    i have 500 SESAgoa with avg rate 285 shall hold it or sell
    pls

    Reply
    1. nooresh
      March 18, 2011

      Hi Anju,

      M not tracking the stock closely

      Reply
  4. SWAROOP KALE
    March 18, 2011

    HI NOORESH. THE OPTIONS POSITION INDICATES HIGHEST OPEN INTREST IN 5500 CE AND 5400 PE. CAN THE NIFTY POSSIBLY BE IN THE 5400-5500 RANGE TILL ON EEXPIRY??

    Reply
  5. satbir kangar
    March 19, 2011

    DEAR Nooresh,

    May This Holi Come With Full of Happiness Like Colors of this Festival…..

    Reply

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