TRADING PICKS FROM RAJESH FOR THIS WEEK 26.11.07 to 30.11.07

SENSEX RESISTANCE LEVELS :19300 .19800

NIFTY RESISTANCE LEVELS : 5730.5840

F & o PICKS :-

3I INFOTECH :- CMP 131 TGT 160

POLARIS :- CMP 110 TGT 140

TECH MAHINDRA: CMP 1020TGT 1200

RELIANCE :- CMP2820 TGT 3000
CASH PICKS: -

NITIN FIRE :- CMP 410 TGT 600

GTOFFSHORE :- CMP 879 TGT 1200

SHRINGAR CINEMAS:- CMP 92 TGT 140

DISCLOSURE:- WE OUR GROUP ALREADY HOLDING IN THESE COUNTERS AND WE MAY DO TRADES IN THIS WEEK ALSO

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NIFTY's triangle move

friends we are seing unexpected bounce and unexpected fall these days.....we are at jn from where trend is gonna change and that time only will say as of now what i see in nifty chart is
Ascending Continuation Triangle Chart Pattern
An Ascending Continuation Triangle is considered a bullish signal. It indicates a possible continuation of the current uptrend.

An Ascending Continuation Triangle shows two converging trendlines. The lower trendline is rising and the upper trendline is horizontal.

This pattern occurs because the lows are moving increasingly higher but the highs are maintaining a constant price level.

The pattern will have two highs and two lows, all touching the trendlines.

This pattern is confirmed when the price breaks out of the triangle formation to close above the upper trendline. which is around 6023....keep eye on it cheers

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FDC and NIFTY view

credits- Pankaj G patel Read more!

TRADING PICKS FROM RAJESH FOR THIS WEEK

SENSEX TRADING RANGE 18800 -20600 ; NIFTY TRADING RANGE : 5780 - 6180;


F&O PICKS FOR THIS WEEK AS WELL AS THIS DERIVATIVES:-

BALLARPUR INDUSTRIES: -CMP : 160 TGT:200

CENTRAL BANK OF INDIA: CMP : 136 TGT:175

DECCAN AVIATION : CMP : 158 TGT:190


TRADING PICKS IN CASH AS WELL AS GOOD FOR COMING MONTH ALSO:-

TIMEX :CMP ;38 TGT:60

BALMER LAWRIE :CMP :675 TGT:1000

RAYMON LIMITED :CMP :410 TGT:600

RADICO KHAITAN :CMP :169 TGT:225


DISCLOSURE: WE ARE ALREADY IN ABOVE COUNTERS AND MAY TRADE IN THIS WEEK ALSO
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