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Thursday, March 19, 2009

Nifty & Tata Steel Outlook for 19'th March 2009 :-

Dear Viewers,

Good Morning & Wish you Happy trading today............

Nifty Forecast for 19'th March :-
SGX Nifty is trading in Green (+10 point). Mkt may enter in range bound trading after intial move. US market closed strong. We expect Nifty to open 2790-2800 & move up to 2840-2847 & Close @ 2812.
Nifty has a strong resistance around 2850,2870. Trader shld book profit in their long trades. Pl. look our chart of 20'th March 2009 in detail. Profit booking is expected in late trade today & tomorrow. We expect nifty to trade around 2760-70 by tomorrow.


TataSteel Forecast for 19'th March :-
Tata Steel is expected to open with Flat to positive effect. Tata Steel expected to open 177-178. Tata Steel will make a high 182.7-184.5 & low of 173.7-175. Tata steel will close around 175-176.
Tata Steel has 50 day simple day moving average of 184 & 20 day high is 184. Tata steel will find strong resistance between 184-187. Expect Tata Steel to trade around 168-170 by tomorrow.

Tata Steel ADVANCE SCIENTIFIC Chart 19'th March 2009 :-
(Forecasting this to happen during the Market Trading Hours)

Tata Steel ADVANCE SCIENTIFIC Chart 20'th March 2009 :-
(Forecasting this to happen during the Market Trading Hours)


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Wish you Happy trading................


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