Posted by: Babu Suresh | January 17, 2009

NSE Nifty Spot-Weekly Analysis – 18th Jan. 2009

Daily and Weekly charts of Nifty Spot:
 

Nifty_Spt_D&W_160109The week ended with Nifty spot falling by 1.6% with Nifty Futures ending in discount of 15 points.
 
Although, the near term looks weaker, good amount of short that is getting built up should help day traders capitalizing on huge swings on both the sides.
 
With Nifty Spot hanging well on her support at 2700, breaking the resistance of 2863 is crucial for her this week.
 
Daily and Weekly Charts of SterlingBio:
 
SterlingBio_Spt_D&W_160109
Keep an eye on this stock for mid to long term.
 
Technically, she looks consolidating very well. If one is interested in buying this stock with investment in mind, keep your stop loss around 129.
 
Healthy and Wealthy Trading.

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