Monday, December 21, 2015

TECHNICAL ANALYSIS OF TATASTEEL 22 DEC 2015

FUTURE :
“BULLISH TATASTEEL ABOVE 261 TGT  265/269”
“BEARISH TATASTEEL BELOW 258 TGT 254/250”
FOR TWO DAYS FREE TRIAL CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN HERE >>>>>>>>>>>>>>>>>>
DAILY CHAT FOR TATASTEEL:
DAILY & WEEKLY SUPPORT AND RESISTANCE FOR TATASTEEL:
TATASTEEL levels generated based on 2015-12-21 data for the next trading day.
Daily
R4
R3
R2
R1
BULL
LOC
BEAR
S1
S2
S3
S4
Levels
262
260
258
257
256
255
254
253
252
251
248
TATASTEEL Weekly levels generated for the week starting from 2015-12-21
Weekly
R4
R3
R2
R1
REV
BULL
LOC
BEAR
REV
S1
S2
S3
S4
Levels
274
271
266
263
259
258
257
256
255
251
248
246
244
MARKET SUMMARY OF 21 DEC 2015
The Sensex opened at 25,425, touched an intra-day high of 25,758 and low of 25,414. It finally ended with a gain of 217 points at 25,736.The  Nifty opened at 7,746 hitting a high of 7,841 and low of 7,733, before ending with a gain of 73 points at 7,838.It’s too early to call it a Santa Claus rally. But after slipping sharply on Friday, the Indian equity market made a strong comeback starting off the weak on a positive note during Christmas week. Indices recovered all the previous day’s losses with Nifty closing back above the 7800 mark on account of strong global cues. The banking, FMCG and IT stocks led the rally Oil & Gas and realty stocks were among the other major gainers. Metal stocks were in action after government decided to keep a minimum import price for steel in order to prevent cheap imported steel from flooding the market.

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