Positive Divergence In Nifty

--Positive divergence is seen in RSI and MACD.
--It will be interesting to watch that it can impact the price or not.
--5090 needs to be taken out first for any recovery to happen.

STOCK WATCH-- ROLTA AND IOC

--CHART OF ROLTA SHOWS BREAKOUT FROM DOWNWARD CHANNEL.
--GUPPY INDICATOR NOW IN UPTREND.



--CHART OF IOC SHOWS BREAKOUT FROM DOWNWARD SLOPPING CHANNEL.
--GUPPY INDICATOR SHOWS TREND MAY CHANGE FROM DOWN TO UPTREND.

To understand GUPPY INDICATOR-GUPPY MULTI MOVING AVERAGES(GMMA)

link is--

http://www.investopedia.com/terms/g/guppy-multiple-moving-average.asp

STOCK WATCH-ANDHRABANK

--Andhrabank chart shows that stock is in good accumulation and had potential to go upside if 121.5 is broken on upside.
--volume is also good since last few days.

Disclaimer--our subscribers are long in Andhrabank at 115.7

NIFTY--TRIANGLE BREAKOUT

--Nifty chart shows that Nifty had now broken on the upside from triangle which we discussed here few days back.
--Guppy indiacator and OBV also favours further upside in the Nifty.

STOCK WATCH- SUZLON

--Suzlon has broken the downward slopping trendline with good volume.
--Disclaimer--our subscribers are long in suzlon at 74.05 on 30th November.

STOCK WATCH-RECLTD

--RECLTD after consolidation above previous high now heading higher in no resistance zone.
--Disclaimer--our subscribers are long at 244.9 on 1st december.

NIFTY TRENDLINES

--LAST SWING TOP FORMED IN NIFTY WAS AT 5138.
--TRADING ABOVE 5138, NIFTY WILL BE IN UPTREND AGAIN WITH TARGETS OF 5210, 5330.

NIFTY IN TRIANGLE

--The chart shows that Nifty is consolidating in a triangle.
--4900 is important immediate support and below that 4700 is big supprt area.
--Any trade above 5110 will bring lots of upside.