Just, See, What's Happen, Yesterday's, It Was Clearly Written, that 2766, Level is TREND-DECIDER, Just See, Below that Mark, EVERYTHING,,,, Were Bleeding Yesterday's
Now, Today , It Can Be Highly Volatile Session , Today As Far As NIFTY FUTURE is Concerned, Well, Today, Nifty Future, Will Show Strength Only and Only Above 2763.90 Will be On Fire, But Only then, If Stayed there for almost 10 Minutes or So, Above that Level, NIFTY FUTURE Will Hit, 2785.50 and then, 2797 Mark.... .
Today, Bears Will Have Upper-Hand Only Below, 2727.30, , Below that, Level, Once Again, Expect a BLOOD-BATH in NIFTY Future, Below that Mark, NIFTY Future, Will Try to Hit......... ..... 2712 - 2693 Mark
Bears are likely to take over the Dalal Street following a global sell off in equities. The damage might not so bad as expected, as the markets have corrected deeply on Monday
Banking and Realty stocks might be under the line of fire once again. We might see another round of sell off in Unitech, ICICI Bank, Suzlon and Tata Steel, after a bad day on the bourses yesterday. Stay away from stocks like Spice Communications, Orbit Corp, Everonn Systems as the second rung stocks.
The stock of Satyam Computers might hold up to its current level even in a bad market, as the news of the buyout is still fresh. Maytas Infra Stock might see some spark on the news that CLB on Tuesday to dissolve the present management of the two companies Maytas Infra Ltd and Maytas Properties Ltd
Union Bank of India
We recommend a sell on Union Bank of India stock from a short-term trading perspective. It is apparent from the charts of this stock that it had been on an intermediate-term uptrend from its July low of Rs 96 till it encountered resistance at Rs 173 in late November. However, the stock reversed direction after encountering resistance around Rs 170 in January. Since then, the stock has been on a medium-term down trend. On February 16, the stock tumbled by 5 per cent penetrating its intermediate-term uptrend line. On February 17, it broke through a significant support level of Rs 140 by plummeting 4 per cent accompanied with high volume. The stock is trading well below its 21- and 50-day moving averages. The daily relative strength index is featuring in the bearish zone. Considering the breakthrough, we are bearish on the stock from a short-term perspective. We expect its decline to continue until it hits our price target of Rs 120. Traders with short-term perspective can sell the stock while maintaining a stop-loss at Rs 142.