Nifty Swing Trade:
As per two day swing trade currently it is in buy mode and the trend will reverse on move below the 3309 level (future). As per swing trade it appears that nifty is on its way up as there is tremendous buying coming whenever it falls. If NF goes below 3309 it has chances of moving towards 3122 and there after 2951 The points being discussed in the swing trade are that of the future.
Current trend – buy ( generated at 3140)
Reversal Value - 3309.

Bank Nifty
Current Price - 4882(future)
Current Trend – buy
Reversal Value - 4439

Any move of banknifty below 4417 should be taken as an opportunity to short as it will trigger it to move towards 4000
Nifty is sustaining above the 100 day EMA for more than one week, and also it has gone above the November high of 3240 giving an indication that intermediate trend might have turned up. Currently nifty finds support at 100 day EMA any breach of the same will result in healthy fall in nifty.

Stock:

JMC projects: 82
This is one of the stocks which is a technical beauty in making technically it appears a very very good buy. It has formed a higher tops and bottoms after nearly 13 months indicating that trend might have reversed and also further upsides are not ruled out. It has moved above 100 day EMA after nearly 13 months and also DMI has moved above 20 with +ve break out indicating that the stock might have just started its upward journey and higher targets are not ruled out. Stop Loss: Rs.60/-

M.Sri Mahidar