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.