Thursday, October 15, 2015

TECHNICAL ANALYSIS OF RELIANCE & DAILY CHART

YESTERDAY TATAMTRDVR IS ON FIREEEEEE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 
TATAMTRDVR HIT FINAL TGT 260 MADE LOW OF 260.40
FUTURE :
“BULLISH RELIANCE ABOVE 908.50 TGT  915/920”
“BEARISH RELIANCE BELOW 904 TGT 895/888”
DAILY CHAT FOR RELIANCE
DAILY & WEEKLY SUPPORT AND RESISTANCE FOR RELIANCE
RELIANCE  levels generated based on 2015-10-15 data for the next trading day.
Daily
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
Level
930
921
915
911
908
904
900
896
892
887
877
RELIANCE Weekly levels generated for the week starting from 2015-10-12
Weekly
R4
R3
R2
R1
REV
BULL
LOC
BEAR
REV
S1
S2
S3
S4
Levels
946
937
922
913
902
898
896
893
889
878
869
860
854
SIMPLE MOVING AVERAGES:
Days
BSE
NSE
30
866.18
866.64
50
893.13
893.30
150
910.07
910.25
200
903.35
903.50
MARKET SUMMARY FOR 15 OCTOBER 2015
The market rallied for first time in last four consecutive sessions with the Sensex reclaiming 27000-mark, supported by major auto companies Tata Motors & Maruti Suzuki and rally in global peers. The 30-share BSE Sensex climbed 230.48 points or 0.86 percent to 27010.14 and the 50-share NSE Nifty rose 71.60 points or 0.88 percent to 8179.50. The recent resistance witnessed by the market could be result of profit taking from traders who expect some resistance at the 8,250-8,280 levels but the bias in October series remains on the upside






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