NIFTY FUTURES 25.09.09 (C)

NIFTY FUTURES 5 DAY 5 MIN : Nifty Fut had consolidated for 3 days and it gave Break down at 4985 and made a low of 4932 with good volumes .Nifty fut had resistance at 5007 .Nifty Futures should cross 5010 with good volumes for tgt of 5050

Nifty Futures 25.09.09 (B)

NIFTY FUTURES 1 DAY 1 MIN: NIFTY FUT CONSOLIDATED IN THE AFTERNOON AND GAVE BREAK OUT AT 4950 AND REACHED 4985

Nifty Futures (A) 25.09.09

NIFTY FUTURES 5 DAY 5 MIN : IN THE ABOVE CHART NIFTY FUT BROKE THE TREND LINE AT 4985 AND MADE LOW OF 4932 . NIFTY FUT IS ALSO MAKING SYMMETRICAL TRIANGLE WHICH CAN GIVE EITHER SIDE BREAK OUT OR BREAK DOWN

SORRY !!!!!!!

Sorry guys was not able to update the blog as i was down with fever .i will try to update the charts form today onwards so keep blogging !!!!!!!!!!!!!!!!

FSL

FSL :THE ABOVE WEEKLY CHART OF FSL HAS TOUCHED TREND LINE AT 37.50 IF IT CROSSES 38.5 WITH GOOD VOLUMES THEN NEXT TGT CAN BE 47 IN COMING DAYS

NIFTY FUTURES 22.09.09

NIFTY FUTURE: Nifty future moved in channel and it took support and resistance at various points as shown above

TATA SPONGE UPDATE !!!!!!

As per my earlier post tata sponge faced resistance at 244 which was 61.8% retracement which it has broken with big volumes and closed at 256.25


Please check my earlier post from link given below
http://ritesh-researchreports.blogspot.com/search/label/Tata%20Sponge

Tata Sponge: Tata Sponge has given break out from Inverted Head and Shoulders Pattern and closed at 256.25 with good volumes of about 4 lac shares traded.

The immediate tgt are 290 and after that it is 310

Credits : Chirag Parekh

CHARTS UPDATED BY: RITESH BHANSALI