Friday, 17 November 2017

RALLY OF BULLS WAS CONTINUING IN TODAY’S MARKET; NIFTY ABOVE 10280



As predicted by us in our last post “nifty will see a full action of bulls in tomorrow trading session” and exactly same happened rally of bulls was continuing in today’s market. They managed to pull nifty above the RESISTANCE levels of 10280 at 22 EMA with RSI of 50.and achieved the target of 10350 made high of 10373.made low of 10292. And for now, 22 EMA seen support levels at 10280 and 55 EMA at 10155. 10350 is the resistance level for now in nifty.          
        Sensex was trading higher by 238 or 0.72 percent to 33,345 points against the previous close of 33,106 and Nifty was up 68 points or 0.67 percent at 10,282. the Sensex soared over 400 points intraday and the Nifty raced past 10,300 as international rating agency Moody’s has upgraded India’s sovereign bond rating to Baa2 from Baa3 with a stable outlook and also noted continued progress on economic and institutional reform will enhance India's high growth potential. 

WEEKLY STOCK CALL FOR  20- 24 NOV

BUY TITAN ABOVE 800 TGT 820/850 SL 770

FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE >>>>

Primary trend of the stock is bullish and after giving breakout of its range-bound movement, it is forming continuation pattern in short-term charts, it is likely to continue the positive movement with the breakout of the levels of 800 ; as the stock is managing to trade above its 22& 50 and 200 days moving averages with the RSI of 72, one may expect the targets of 820/850 in the titan if it manages to sustain above the immediate support level of 770.Today, Titan Company was in a bullish mood soared over 2.1% on NSE at Rs 788.
DAILY CHART FOR TITAN

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