Sunday, November 15, 2015

Market Updates and Few more interesting charts [Zee News, Dcb, Radico ]

Wishing all the blog viewers a very Happy Diwali. May this year bring more happiness and prosperity to the lives of each and every one.

Nifty:


Nifty broke the uptrend channel and now 7825-7850 area is resistance for further upmove. We might see some more fall may be 100 more points in nifty before some pullback. Moreover, RSI is approaching 25 area so may be some pullback may be seen soon but have to watch closely if it stays or not.

USDINR:



USDINR gave good trending move from 65 to 66.5 in short span of time. Its consolidating now. Fresh move above 66.5 for 67+ in short term. Watch out.  FSL started giving move as mentioned in previous post IT Pack - Dollar and IT Companies

ZEE NEWS:



  Currently in channel. Any breakout above this channel can give quick move till 38 levels. Keep close eye.

DCB:



DCB is near important support zone. It may give some pullback. Daily RSI is also showing some divergence. 

Radico khaitan:


Good Breakout seen on weekly charts breaking current channel resistance. Some quick might be seen if breakout sustains.

NOTE: Above charts are shared for learning purpose only. Do not treat these tips as BUY/SELL Tips.





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