Wednesday, February 1, 2017

SIEMENS FUTURE BUY OR SELL FOR 02 FEB 2017

“BUY SIEMENS ABOVE 1170 TGT 1185/1200 SL 1150”
READ MORE TO KNOW TECHNICAL BASIS :
Primary trend of the stock is bullish and it may consolidating NEAR  the 5170 level .It is expected to continue the bull run with the crossing of the resistance level of 5170, as the stock is sustaining above its 200 and 50&22 days moving averages with 55 RSI. One may initiate the long position above the mentioned level for the targets of 1185,1200 and with the strict stop loss of 1150.
Budget pushes Nifty above 8,700 for 1st time since October 25
Exactly as predicted, Indian Stock Market opened flat for the day. We predicted that market would remain positive for today ahead of Union Budget and exactly same happened. Market remained positive for the after mid trading session and fell down to see lows right at  predicted support levels of 8550 for Nifty Traders, who followed our prediction might have earned huge profits for the day. Finally, Indian Stock Market closed positive for the day.
                                           Going forward we hold 8737-8745 as the immediate resistances followed by 8810 as the crucial resistance. On the downside if Nifty retreats due to profit booking we hold 8670-8600 as the supports for the Nifty.

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    1. Market is in positive zone.We would see some profit booking after a big yesterday’s rally but overall market is now headed towards 9000 levels for Nifty.

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