BF Utilities: Sideways Movement

BF UTILITIES Daily NSE Stock Chart Technical Analysis:

BF Utilities fell again today, after hitting the short-term resistance at 900.

Close & CMP: 841.35

Market Outlook:

• Yesterday, the price had risen as an important court verdict cleared the way for a new project, but seems like today the market still chose to not respond positively.
• The stock price fell today after hitting 900, so 900 has emerged as a strong resistance for the time being.
• Can be viewed positively only if it breaks both 900 and 957.
• BF Utilities ९०० को छू कर गिर गया, जबकि कल इस कंपनी को फायदेकारक कोर्ट फैसला मिला था.  

Technical Indicators:

• The price is in a range of 957-686 since a long time, with some exceptions.
• A bearish counterattack candlestick formed today.
• There was a sudden surge in interest, but in making this stock price fall.
• The operators are playing this one heavily, expect further volatility in BF Util, could be a good one for day traders to make short term trades.

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BF UTILITIES Daily NSE Stock Chart Technical Analysis

NIFTY: Still Sideways

NIFTY Daily Chart Technical Analysis:

NIFTY had another big fall today, but in fact it was just another sideways movement with a slightly lower close.

Close & CMP: 5396

Market Outlook:

• The price made a sharp U-turn today and showed its bearish intentions, after attempting a recovery yesterday.
• NIFTY has remained above 5350, below which things start getting dangerous and another big fall could be expected.
• NIFTY ने गिरना जारी रखा. बेर्स ने मार्केट पर अपना कण्ट्रोल जमा रखा है. ५३५० महत्त्वपूर्ण सप्पोर्ट है. 

Technical Indicators:

• Yet another bearish engulfing pattern occurred today.
• The move was strong considering the range and volume.
• Currently, market is sideways and resting on an important support line.

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NIFTY Daily Chart Technical Analysis

Power Grid: In A Price Channel

Power Grid BSE Chart: Price Channels

POWER GRID Daily BSE Stock Chart Technical Analysis:


Power Grid is moving within a price channel and currently fell after hitting resistance today.

Close & CMP: 97.35

Market Outlook:

• The price is moving within a channel : 94 to 100
• Buy when it closes above 100, short when it closes below 94
• Power Grid ९४ - १०० के पेटे में चल रहा है. इसके ऊपर नीचे इसे खरीदा बेचा जा सकता है.

Technical Indicators:

• The price formed a shooting star candlestick today.
• Resistance at 100 is proving to be strong.
• What is noticeable is, this price channel includes the Power Grid FPO price range as well.  
• If price falls below 94, support is available at 89-90.

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POWER GRID Daily BSE Stock Chart Technical Analysis

Seamec: Underwater

SEAMEC Daily NSE Stock Chart Technical Analysis:

Seamec has continued to fall since Nov 2009.  The value has less than halved since that time.

Close & CMP: 109.65

Market Outlook:

• The stock price fell below its long term diagonal support line and this line is now acting as resistance.  Currently, the resistance is at 110.
• If the price falls further, there can be some expected support at 100.
• Seamec का भाव नवम्बर २००९ से लगातार गिर रहा है.  एक और सुप्पोर्ट लाइन को भी तोड़ दिया है और नीचे गिर गया है.  अब इससे ११० पर रेसिस्टांस है, और १०० पर सुप्पोर्ट है.

Technical Indicators:

• The price tried to make a U-turn today but hit its resistance and remained below.
• The price has recently fallen below a long-term support line which is now acting as resistance.
• Overall NIFTY is also falling, so no stock has as it is been able to sustain.
• Climbing and staying above 113 will be a good sign.

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SEAMEC Daily NSE Stock Chart Technical Analysis