15 October 2010

Emkay: Techcheck Daily Oct 15th: DXY bullish patterns look complete

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Techcheck Daily
DXY bullish patterns look complete

n     Chart of the Day: DXY symmetrical triangle looks almost complete, next few sessions to be decider, upsides till 85-87 visible as long as it says above 75.5
n     Gold a decade old bull market about to complete, very strong resistance around the 1450 mark
n     Nifty upsides remain pending, multiple channel convergence around 6500 levels
n     INR initial targets met, double bottom at 44.05, expect a bounce back till 45-45.5 before lower channel targets at 42 are met
n     Stocks with positive short term bias
n     Reliance, ICICI Bank, Infosys, Sterlite Ind, Apollo Tyres, Aptech Ltd, Andhra Bank
n     Stocks with negative short term bias
n     TISCO, Axis Bank

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