Wednesday, October 28, 2015

TECHNICAL ANALYSIS OF INFRATEL & DAILY CHART

YESTERDAY TVSMOTOR IS ON FIREEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!
TVSMOTOR ALMOST HIT FINAL TGT 265 MADE HIGH OF 266.10
FUTURE :
“BULLISH INFRATEL ABOVE 393 TGT  397/405”
“BEARISH INFRATEL BELOW 389 TGT 384/379”
DAILY CHAT FOR INFRATEL
DAILY SUPPORT AND RESISTANCE FOR INFRATEL
INFRATEL levels generated based on 2015-10-28 data for the next trading day.
Daily
level
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
405
399
395
392
390
387
384
382
379
375
369
MARKET SUMMARY FOR 28 OCTOBER 2015


A small range day opened gap down and moved within a narrow band and nifty future closed in the negative, it closed above the opening rates which breathes hope for the bulls. Open interest studies shows that roll over as well as build up of positions is taking place in the November series. The level of 8256 is an important resistance which must be taken out for upside momentum. 8280, 8300, 8324, 8375 are important hurdles leading to 8400. The immediate support is around 8230 but the strong support for now is in the 8200-8195 zone and till such time that this region holds on declines, the bulls will continue to hold fort. The critical support is around 8180 and a decisive breach of this region will see the bears returning to the centre stage again leading to panic selling if the 8127 support is also broken.

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