Sample Call for 31st January 2012
| Stock Name |
Action |
S/L |
Pivot |
T1 |
T2 |
T3 |
T4 |
| BEL |
Sell |
1437.9 |
1409.15 |
1359.45 |
1330.7 |
1281 |
1252.25 |
- The benchmark indices ended the week on a strong note closing near the high point of the week. The bias continues to remain positive but one needs to be cautious as the Nifty is ripe for some corrective action on the price front after rallying more than 12% in the current month. On the higher side, the index will remain prone to bouts of selling pressure as the index is near the critical resistance area placed in the range of 5260-5300
- Nifty immediate major support is placed around 5050 levels being the lower band of rising channel encompassing the current up move. Below this, the index could correct further to fill the last two rising gap areas placed near 4980 and 4900
