ONGC

ONGC definitely will get good opportunity trade....becuase it was consolidated between our level at least 6 candle...either side breakout is very much possible on the card...

Use weekly level...take trade
  
   if breakdown - go short
   if breakout - go long

No need to worry..

Take Care...

State Bank of India

Entire day State Bank of  India was holding our level and closed above...

What is next....refer weekly level and take trade on reversal...

Any doubt call me 9176917450.......we will explain what is reversal and how to take trade....

Colgate - Colpal

Colgate trend is up as such....keep targets based on weekly level and trail your s/l, run the position.

(if you want to hold for Positional Long stop loss is 1492.40 candle closing basis...still...keep change your s/l, if target goes to next level.)

Our call is on long side....

Take Care...

Nifty Chart

Refer our nifty levels as posted on last week in our earlier post and also in

http://nanayam.vikatan.com/index.php?aid=7862

Yesterday nifty has crossed 7584 and hit our first target  7625 and Second Target 7642 and stayed above 7624.65...

Today tried to hit our Third Target 7682....(today high was 7678)..

We hope tomorrow it may hit our Third Target 7682...

As long as nifty is holding above 7624.65....no harm for Bulls..

Now the Question is

Budget - Nifty will touch top 7862 and above ?
Budget - Nifty will touch bottom 7330 and below ?

We will post our Budget call in advance....

Follow the levels....

Bank Nifty

Bank Nifty was trading very narrow range and above major level (Redline)......More fire work on upside if stays above this level...

Or else close below our level more fire work on downside if stays below this level..

 

Nifty follow up

As said yesterday, put has not bottomed out...so, no short in Nifty today...No reversal as such..

As long as Put is not confirming the reversal...don't go short in Nifty...

Take Care...