Technical updates on Ambuja Cement

Ambuja Cement was consolidating in a narrow range from past few weeks. Now it has breached an important trend line resistance around Rs.203. According to me the uptrend has just started. More details for subscribers.

Nifty medium term trend

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	6111
Reversal if closes below	5800

Thought for the day

If the only tool you have is a hammer then you tend to see everything as a nail - Abraham Maslow

If Bank Nifty spot closes below 12400 it can reach 12200-12000. Stay cautious.

Market updates for 06/02/2013

Nifty daily chart

Nifty has tested support around 5940. Closing below 5940 will take Nifty to 5900 and may be much lower. Wait and watch.

Sun Pharma

Today Sun Pharma has reached an important resistance level which is around Rs.750. Long can be initiated if it closes above the trend line resistance.

Nifty medium term trend

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	6111
Reversal if closes below	5800

Thought for the day

Those who have conqured themselves live in peace , alike in cold or heat , pleasure or pain , praise or blame . To such people clod of dirt , a stone and gold are same. They will achieve great heights - Bhagavad Gita

Market updates for 05/02/2013

Nifty daily chart

As expected Nifty has continued to fall and now it has closed below psychological level 6000 by closing at Rs.5987. Now it is likely to test 5950.

SBI weekly chart

Scroll down and refer market updates  for 31/01/2013 we have  initiated short in SBI fut at Rs.2446 what is the price now Rs.2363 how much profit ? Rs.10375 per lot. We are still holding short.

Nifty medium term trend

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	6111
Reversal if closes below	5800

Thought for the day

 

Never tell a problem to anyone because 20% don't care and 80 % are glad you have them - Lou Holtz

Trading call performance in the month of January

 

FnO Segment

 

 Commodity Segment

Cash Market Segment

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