AUTOMATED TRADING

AUTOMATED TRADING

19 December 2013

NIFTY LATEST UPDATE FOR 20 DEC

NIFTY

Be cautious towards down side. we have seen positive divergence on Bank nifty hourly chart. Any move above 11200 will provide first indication. As per Elliott wave i expect that one final up move is still due before major selling start. In the above chart of nifty , any close below 6120 will force us to count alternate. Any move above 6196 will provide first clue that up move is still due, till than wait and watch and let the market decide.
 BANK NIFTY


BHEL
Clear five wave formation is visible on BHEL daily chart and stock may zoom upto 180-182 level in very near term.

RELINFRA

SUNPHARMA
Sunpharma is facing stiff trend line resistance on daily chart. But this time we hope that breakout should come. any move above 587.50 will provide confirm breakout.




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