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Showing posts from June, 2012
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NF (5138) - All levels are remain same even for July series also.

Upside Resistance  remain same at5155-5185
in case trade above 5185 optimum  5222

(Suppose, trade and stays above 5222  then, ready for another big up move, otherwise..)
Support remain same at5060-5030
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NF (5137) - No change in levels :  Upside Resistance  remain same at5155-5185 in case trade above 5185 optimum  5222 (Suppose, trade and stays above 5222 then only, ready for another big up move, otherwise..)
Support remain same at5060-5030

Infosys

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INFY (2440) -  Posted on 18th June "Resistance 2522-2552" as posted exactly it resisted at 2544 on 18th june itself and from there already fell down to 2429-2426
Now Support 2426-2391
But in case trade and stays below that then down side target 2310-2290
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NF (5105) - No change in levels : (yesterday it went up to 5203 and fell down to 5098) So Upside Resistance  remain same at5155-5185 in case trade above 5185 optimum  5222 (Suppose, trade and stays above 5222 then only, ready for another big up move, otherwise..)
Support remain same at5060-5030

Hero MotoCorp

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HEROMOTOCO (2031)  - Posted on 07th May "Support 1840" whereas it came down to 1795 and from there already moved up 2112 on 22nd June and it seems yesterday it formed reversal so  time being upside over and it is correction time.
If it is not move beyond that, expect down side correction target 1940-1920
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NF (5154) - All levels remains same :
Upside Resistance  remain same at5155-5185
in case trade above 5185 optimum  5222
(Suppose, trade and stays above 5222 then only ready for another big up move, otherwise..)
Support remain same at5060-5030

Financial Technologies (India)

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FINANTECH (700) - Posted on 01st June "Above 618 Upside target 680" as posted last friday it not only attacked the mentioned target but even made high 711"
Now what next ?
Now support 680-670 above that upmove continue to 750-755 & 785-790
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NF (5176) - This week, so far.. . "Mentioned levels : Resist 5155-5185 and support 5060-5030"
As posted  First it came down from 5185 to 5030
 and it took support at 5030  and from there yesterday once again it attacked 5178
now once again all levels are remain same :

Upside Resistance  remain same at5155-5185 in case trade above 5185 optimum  5222 Support remain same at5060-5030

Reliance Infrastructure

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RELINFRA (535) -  As posted on 29th May and reminder on 07th June "Above 464 upside target 535-545" this target already attcked on 18th June itself (made high 535) and once again yesterday attacked (made high 538).
Target and Resistance remain same at 535-545
But in case trade and stays above that upmove cotinue to 578-583

Tata Motors

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TATAMOTORS (248) - Now Resistance 252-255
But trade and stays above that up move continue to 272-276

Venky's (India)

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VENKEYS (443) -  Face Hurdle 445-450
In case trade and stays above that upside target 480_495
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NF (5129) - No  change in levels. all are remain same :
 Upside Resistance  remain same at5155-5185 in case trade above 5185 optimum  5222 Support remain same at5060-5030
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NF (5114) - So not only day before yesterday but  yesterday also supported the mentioneed support level of 5060-5030 and from there already moved up 5120.
So support remain same at 5060-5030
and Upside resistance also remain same at 5155-5185
in case trade above 5185 optimum  5222
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NF (5066) - So yesterday exactly it resisted the mentioned resist level of 5185 and  exactly it came down to the mentioned support level of 5030  that is, in a single day movement of 155 points.
 So once again remind "concentrate only on levels and  others nothing"
now All levels are remain same :
Support 5060-5030 But below that last hope and support 4970-4940
Upside resist remain at 5155-5185





Ranbaxy Laboratories

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RANBAXY (472) - Good support exists at 470-465
But trade and stays below that ulimate down side target 400-395
In between minor support exists at 447_440

Bata India

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BATAINDIA (791) - As posted on 07th June it was not moved up but whereas broken the bottom support of 799 so now ready for another fall.
Now resistance 798-808
Below that down side target 755-735
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NF (5142) - All levels remain same :
from 06th june onwards posting the upside  target 5155-5185  (atlast Last friday it attacked the target and  made high 5155)

Resistance remain same at 5155-5185or optimum  5212-5222

Support5060-5030   But stays below that next in downside 4970-4940




BANK NIFTY

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BANKNIFTY (10064) - Today RBI  Interest Rate Decision day.
Resistance 10135-10235
But trade and stays above that next attack in upside 10635-10645
 and afterwards 10900-10950 

Support 9820-9780  But below that 9585-9545

Infosys

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INFY (2522) -  Resistance 2522-2552
But trade and stays above that upside target 2682-2702

ICICI Bank

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ICICIBANK (845) - Hurdle 850-860
But trade and stays above that upside target 920-940

PHARMA COMPANIES SELL DRUGS 10 TIMES COST - MCA

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Leading pharma companies, including GlaxoSmithkline, Pfizer and Ranbaxy, sell commonly used drugs at a rate 10 times the cost of production, a study by the Corporate Affairs Ministry has found.

A study by the Cost Audit branch of the MCA found drugs like Calpol manufactured by Glaxosmithkline, Corex Cough Syrup by Pfizer, Revital by Ranbaxy Global, Omez by Dr Reddy's Labs, Azithral by Alembic and several others were being sold at a mark up of up to 1,123 per cent over the cost of production.


Worried over the findings of the study, Corporate Affairs Minister M Veerappa Moily has written to the ministers of Chemical and Fertilizers M K Alagiri and Health Ghulam Nabi Azad seeking appropriate action on curbing this practice of pharma companies. He has forwarded a copy of the study to the two ministers. Emails sent to Ranbaxy, Pfizer, Zydus Cadila and Cipla remained unanswered while Dr Reddy's Lab said it cannot comment on the findings of the MCA. The MCA study covered medicines manufac…
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NF (5050) - Once again repeat the same levels :

Support 5060-5030 (already tested this level yesterday itself)
  But stays below that next in downside 4970-4940
Otherwise once again face Resistance 5155-5185 or optimum  5222

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NF (5125) - No change in levels :
The target and resistance remain same at  5155-5185
In case trade above that optimum upside  5219-5222
Down side support remain same at 5060-5030

United Spirits

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Larsen & Toubro

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LT (1350) - Posted on 06th June "Above 1240 upside target 1370" as posted, on 06th june itself,  it broken 1240 and yesterday it attacked the mentioned upside target of 1370 (made high 1371.60)
now what next ?
As posted  1360-1370  is the target and resistance
or optimum possible  1397-1407
otherwise expect correction upto 1280-1270  & 1240-1220
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NF (5119) -  As posted yesterday it took support at 5030 (made low 5025) and from there it moved up and yesterday made high 5138.
So now the target and resistance remain same at  5155-5185
In case trade above that optimum upside  5219-5222
Down side support remain same at 5060-5030


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NF (5037) -  All levels are remain same :
Support 5060-5030 above that upside target 5155-5185
Below the support next level in down side  4970-4940

Maruti Suzuki India

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MARUTI (1110) - See post dated 06th June  " support 1060-1040 and expect pull back 1150-1170"
as posted it attacked 1146 and
now once again support exists at 1060-1040
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NF (5077) - No change in levels. All are remain same :
Already traded and closed above 5060
So now support 5060-5030
Above that already mentioned upside target of 5155-5185 remain same.
But below 5060-5030 next level in down side 4970-4940

Bharat Heavy Electricals

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BEML

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BEML (384) - Hereafter Hurdle 410_450
If not move beyond,  then short term ultimate down side target 120
in between support exists at 280-260

BF Utilities

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Allahabad Bank

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ABB

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ABB (759) -  Last hurdle 765-770
But stays above that upside target 820-830
in between resist at  795-800
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NF (5033) - All levels are remain same :
Resistance 5030-5060 but above that upside target 5155-5185
Support 4970-4940 but below that 4880-4850

Axis Bank

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AXISBANK (1057) - Now support 1035 and
in upside face resistance at 1075-1085
but trade and stays above upside target 1125-1135

Aban Offshore

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ABAN (341) - Posted on 04th June "below 345 down side taget 325-320" as posted on  04th june itself it attacked the mentioned down target (made low 320) and from there now bounce backed to 344 .
Now what next ?
Once again resistance is same at 345-350
suppose trade above that upmove target 370-375
otherewise once again 325-320
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NF (4975) - Now support 4970-4940
Above that upside target 5030-5060  & 5155-5185

In case trade below the support (4970-4940),
 then next support exists at 4880-4850

Bata India

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BATAINDIA (822) - In the last 7 days,  It corrected from 922 to 799
and it seems correction over and bottomed out yesterday at 799 so here after close below that only next fall ..
Now trade above 830-840 upmove target 875-885 and  920-930 
and afterwards already mentioned upside  target 970-990

Bajaj Auto

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Tata Steel

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TATASTEEL (410) - Posted here on 09th may "below 415-425 down side target 350-340" whereas it repeatedly took support at 390 and unable the move below that .
now what next ?
Resistnace remain same 415-425
But trade above that then upside target 444-449

State Bank of India

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SBIN (2158) - Now support 2150-2100
above that upside target  2325-2375

Reliance Infrastructure

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RELINFA (471) - Already posted on 29th May
Mentioned upside target intact.

Raymond

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RAYMOND (368) -  Resistance 373-377
But trade and stays above that up move target 396---406

Punjab National Bank

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PNB (768) - Now support 750
and trade above 775 may go up to 814-824

Jindal Steel & Power

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JINDALSTEL (432) -  01st june post still intact
but now timebeing it is ready for pull back
so now  resistance 430-440  but trade above that ,
then can move up to 458-462 & 476-481
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NF (4844) - All levels remain same :

Resistance4850-4870and/but  above that4940-4970 Support also remain same4775-4745
But trade and stays below that,
then next down side target 4615-4585

Sun TV Network

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SUNTV (227) - Last hope and support 214-204
But trade and stays below that ultimate short term down target 84
in between support exists at 186-182  &  125-118

Maruti Suzuki India

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Larsen & Toubro

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LT (1211) -  once again face  Resistance at 1220-1240
But trade and stays above can move up to 1360-1370
in between resist at 1300-1310