ICICI BANK DAILY CHART :SUPPORT : ICICI BANK HAS GOOD SUPPORT AT 780(PINK LINE) FROM WHERE IT HAS GIVEN GOOD BOUNCE PREVIOUSLY 200 DMA : ICICI HAS BEEN TRADING ABOVE 200 DMA WHICH IS AT 784 FOR LAST 1 WEEK WHICH IS A POSITIVE SIGN .IT HAS COME CLOSE TO THE 200 DMA BUT IT HAS NEVER TOUCHED THE 200 DMA LINE VOLUMES: VOLUMES HAVEN BEEN ON CONSTANT DECLINE FROM MAY 2009 TO PRESENT DAY
FOR A CHANGEHDIL DAILY CHART :RETRACEMENT : HDIL HAS GOOD SUPPORT AT 295 WHICH IS 50 % OF THE RALLY FROM 179 TO 411200 D MA : AS CAN BE SEEN FROM THE ABOVE CHART HDIL HAS BEEN TRADING ABOVE 200 D MA AND AT TIMES TAKING SUPPORT AT THOSE LEVELS IF 295 IS BROKEN IN COMING DAYS THEN THERE IS MAJOR SUPPORT AT 289(PINK LINE)
NIFTY DAILY :YESTERDAY (i.e 08.02.10) NIFTY MADE A LOW OF 4675 WHICH VERY CLOSE THE LEVELS I HAD MENTIONED OF 4680 ON 6.02.10 IT ALSO CLOSE TO 4650 WHICH 200 DMA NEXT RESISTANCE FOR NIFTY IS 4932 WHICH IS 61.8 % OF THE RALLY
NIFTY DAILY :BEARISH FLAG : NIFTY HAD GIVEN BREAKDOWN FROM BEARISH FLAG ON
5 .02.10 WITH GAP . NIFTY HAS BIG RESISTANCE AT 4832 WHICH 61.8 % RETRACEMENT OF THE RALLY 200 DMA: NIFTY CAN TAKE SUPPORT AT 200 DMA WHICH IS AT 4650 WHICH COULD BE FINAL HOPE FOR BULLS .
NIFTY WEEKLY CHART:NIFTY HAS IMPORTANT SUPPORT AT 4680 ( PINK LINE) NIFTY IMMEDIATE RESISTANCE IS AT 4785 WHICH IS 38.2 % RETRACEMENT OF THE RALLY
NIFTY FUTURE 5 DAY 15 MIN:BREAKOUT : NF HAD GIVEN BREAKOUT FROM THE RESISTANCE LINE AT 4715 (SMILEY) AND TOUCHED A HIGH OF 4740 ."DOUBLE ": NF MADE DOUBLE BOTTOM AT 4688 (UP ARROWS) .NF ALSO MADE DOUBLE TOP AT 4741 ( DOWN ARROWS)
