Month: August 2008

Dalal Street was in celebration mode. The lower than expected inflation figure, which at 12.40% is lower than last week’s 12.63%, announced yesterday late evening, set the moods. Then there was also news of crude prices falling. It was at $116.88 per barrel after dropping $2.56 dollars. This called for double celebration! And since morning, … Read more

Try to trade in INdex Heavy weights BHEL and Reliance can show very good Bounce backs Reliance Keep a Sl of 2052 and can go Long for a tgt of 2100 and 2138 BHEL keep sl of 1596 and go long for a tgt of 1686 1701 1750 Reliance is coming in Over sold zone … Read more

Nifty is in Down Channel.Both MACD and RSI showing sign of weakness If 4150 is breached than we can see fresh lows coming in. So we should use every rise which I think will see tomorrow to exit. Or keep a SL of 4150-4128 range on all ur longs

BHEL busted SbI made 1389 recommded at 1356 LT made 2253 Kotak 609

Buying Excepted Once it crosses 409

As seen from chart Guj Nre greeting support 101 constantly.Once start trading below 101 go short on this counter

Nifty likely to open gap up Resistance comes around 4376 as excellent recovery seen today SBI should range between Rs.1,352 and Rs.1,399. Buy at the lower end of the band with a stop of Rs.1,343 and opens high and sell around Rs.1,402 with a stop of Rs.1,408/1,418. BHEL looks an excellent buy around 1721 buy … Read more

20 DMA BREAKOUT!!!The stock future recovered nicely from days low and closed with a gain of3.98% on Tuesday’s session. The stock has also given close above its 20DMA with good amount of volumes. Leading Indicator RSI (RelativeStrength Index) is rising with positive divergence and is sustaining abovethe benchmark level of 50. Considering the technical evidences … Read more

SBin Hit tgt1 1395 Axis tgt achived call closed Infy call not intiated Sell Orchid Chemicals if it breaks 246 Buy BHEL around 1655