SENSEX & BANK NIFTY OUTLOOK - 12TH MAY

May 11, 2010 2:09 PM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Contributor Since 2009

Hi iam Chandrasekhar.I am a self trained Technical analyst and Financial advisor.Investing and trading in indian markets from last 5 years.Giving advise to people on technical basis,Running live chat room during market hours and I offer nifty futures premium services.call me at 9342455559 My web site : http://www.moneyvistas.in/
Source : http://www.moneyvistas.in/  
Sectoral chart of 11th May
Let me write something about my previous outlook:
I was expected 100 point gap up on sensex but it opened 30 points gap up and gave up gains.17400 is resistance which i mentioned 11th May High is 17380.
Bank nifty exactly made a high at 9740 resistance mentioned by me.And support mentioned between 9570 to 9630.Bank nifty 11th may low at 9593 and closed at 9626.

Now for 12 th May bank nifty may open flat to 40 points positive side and resistances at 9740 and 9840.
Down side support at 9440.

Sensex Resistance at 17260 and 17490
Down side supports at 16985 and 16828.

Everyday morning i post intra day stock picks.
*11th May stock picks performance
SAL Steel up 0.89 % above buy recommendation
SMS Pharma up 1.47% above buy recommendation 

Cheers & Best to your trading.



Disclosure: no positions

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.