Monday, September 21, 2015

TECHNICAL ANALYSIS OF IOC & DAILY CHART

YESTERDAY ADANIPORTS !!!!!!!!!!!!!!!!!!!!!!! HIT ALMOST  FIRST TGT 330 & MADE LOW OF 331.60

FUTURE :
 “BULLISH IOC ABOVE 389 TGT  395/400” 
“BEARISH IOC BELOW 386 TGT 381/376”
DAILY CHAT FOR IOC
DAILY SUPPORT AND RESISTANCE FOR IOC
IOC levels generated based on 2015-09-21data for the next trading day.
Daily
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
Level
414
405
400
397
393
390
386
382
379
374
365
IOC Weekly levels generated for the week starting from 2015-09-14
Weekly
R3
R2
R1
REVERSAL
BULL
LOC
BEAR
REVERSAL
S1
S2
S3
Levels
422
415
411
405
404
402
401
399
394
390
385
SIMPLE MOVING AVERAGES
Days
BSE
NSE

30
399.86
400.09

50
415.03
415.27
150
376.31
376.54

200
365.95
366.12

MARKET SUMMARY FOR 21 SEPTEMBER 2015
The market sees a smart recovery from lows to end marginally lower led by banks. The Nifty could not manage to conquer 8000 and ended at 7985, down 4.80 points or 0.06 percent.  The Sensex slipped 25 points or 0.1 percent at 26192. Motherson Sumi tanked over 7 percent as investors grow worried about its domestic business. Raising concerns, Credit Suisse says that channel checks indicate slowdown in Mothersons domestic business.Nifty closed the day off the high of the day, though in the positive. 7906 is a critical support for the next trading session and as long as nifty maintains above this region on declines, the bulls will hold sway. A Decisive breach of 7906 will find it seeking lower levels of 7876-7865. This is also an important support zone and a breach of this region at this juncture will signal weakness. A close below 7760 may lead to fresh panic offloading. On the higher side, 7995-8000 is the immediate resistance. It must sustain decisively above 8036 on closing basis or fresh momentum.

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