[8:21AM, 27/06/2014]

Blast at ongc sites in andra pradesh

Tech view :

If breaks support of 400 we can see it going to 384/342
Both 384 n 342 are bounch back suuports watch these lvls
If we see a gap down below 406 opening sell the stocks as a tech pattern of gap n island will b active which says gud selling in the stock

Abv 419 we can see it going to 430

 Cnx Nifty

Some selling pattern is witnessed in nifty .This can be due to expiry too.
If we see nifty trades and maintains below 7480 we can see it falling to 7440 ..7460 support zone
Any reversal of shrt term trend can b active only whn nifty trades abv 7600
Till than sell on every rise .

Today being the lastday of week n after 1st day after expiry we can see some pull back in shrt term  rally

●Nifty  on 25 june traded in a very narrow range

●The positional uptrend can catch up only abv 7600 which nifty was unable to cross yesterday but it traded  and gave a close  abv its bounch back support  of 7550

●The inverse head & shldr pattern in hourly chart indicates the catch of uptrend abv 7614 and gets ready for a move of 50 pts .

●If nifty brks 7538 we can see it going to 7460

●Being an expiry day today we can see volatality in the market