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Showing posts from October, 2012

Heritage Foods (India)

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HERITGFOOD (377) - POSTED ON 23rd AUGUST " Last hurdle 257-263
But trade and stays above that short term upside target  393-403" As posted it broken the mentioned hurdled on 23rd Aug. and yesterday it attacked the mentioned upside target of 393-403 (made high 395.75) 

Reliance Capital

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State Bank of India

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Shriram Transport Finance Company

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SRTRANFIN (615) - Yesterday once again double bottomed out at 595
Now  this is the strong support
so trade and stays below only fall and in that case down target 535-525

Sun TV Network

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SUNTV (318.70) - It seems fall over (from 373 to 311) so expect pull back 338-348
But in case trade and stays below 313-308 then fall continue

Union Bank of India

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UNIONBANK (193) - Posted on 19th Oct "Face Resistance 213-217" as posted  exactly it resisted at the mentioned level (made high 214.55 on 26th oct.) and from there already it came down to 190
Now what next ? 
Fall going to arrest between 190-185
But in case trade and stays below that fall continue and next attack in down side 162-158

Venky's (India)

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VENKEYS (497) - Posted on 14th aug. Support 500-530 above that upside target 740-760 where as it went up to 623 and from there reversed and yesterday once again came to the support level
what next ?
Now this is the support once again
But if it  2 consecutive close below 490 then big crack going to happen
if so then the down side target 375-365
in between support 415-405
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NF (5703) - Support 5684-5664
and 
Resistance 5763-5783

Mahindra & Mahindra

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M&M (881) -  Posted on 25th Sep. "Now support 825-815 and above that up move continue to 860_880"
As Posted exactly it supported at 825-815 not one day but several days (from 16th oct to 23rd Oct) and last friday it attacked the mentioned upside target (made high 884.80)
Now what next ? 
If it hold above 860-880 then ready for big up move 
First target 990-1010 expect correction
and afterwards  ultimate upside target 1133

Dr. Reddy's Laboratories

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DRREDDY (1670) - Resistance 1675-1685
Below that down side target  1610-1590

DLF

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DLF (203) - Resistance 207-212
and trade below 199 take it down to 190-188 and afterwards 175-170

CESC

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Robert Vadra’s Midas touch is based on inside info

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Robert Vadra is a lucky man. A very lucky man indeed.

People sell land to him and do not demand money in exchange immediately. This is not money running into a few thousands or a few lakhs, but it’s more than a few crore.

State governments give him information for free on where their projects will come up, so that he can get into the act early. At least two government, Rajasthan and Haryana, seem to be eager to help Vadra’s business ventures.
Today’s edition of Business Standard  explains how it all started for Vadra. How the son-in-law of the first family of Indian politics got into buying and selling land.

Onkareshwar Properties sold 3.5 acres of land in Shikhopur near Manesar to Vadra’s Sky Light Hospitality some time in February 2008 (as an earlier report in The Hindu suggested). Sky Light Hospitality as on 31 March 2008 had an issued capital of Rs 1 lakh. This was the money Vadra and his mother Maureen (who owned 0.2 percent of the company) had put into the company for business. The …
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NF (5751) - Nov. series Levels :
Resistance 5780-5800
Support 5710-5690

Jindal Steel & Power

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JINDALSTEL (387) - This was the post of  26th Sep "Rally over at 455 and reversal happened,So Resist at 450-460 Down side target 395-390"
As posted  at 455 fall started and till yesterday it made low 382 so mentioned down side target attacked  now what next ?
Below 390-395 fall continue to 360-355

In case trade above 390-395 again  face resist at 407-412
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NF (5695) - All Levels Remain Same.....
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NF (5724) - All levels remain same : 
Upside target and Resistance 5743-5763  (on 18th oct made high 5744) Down side target and Support 5654-5634 (on 16th Oct made low 5637) *** Above or below only next move either up or down, other wise this is the range. 
Below the support, next in down side 5460-5440
in between support 5503
Above the Resistance, Next in up side 5851-5861  

Goenka Diamond and Jewels

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Above is the Monthly chart, Click the above chart for zoom
GOENKA (281) - In 10 months, it zoomed 10 times.
 Don't think it happened  any where else but it happened in India in NSE
 (made low  28.50 on 22nd December 2011 and yesterday(22nd October 2012)  made high 283.40)
 *****
Is it come under Manipulation or Operation ? 

and if so 
Who Is  Manipulating ? Or Who Is Operating  ??





Sun Pharmaceuticals Industries

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SUNPHARMA (699) - Yesterday low formed and supported at 680.50 and
now trade above 700 go up to once again 724-729
but trade above that next target 777

CESC

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CESC (339) - Resistance 340-345
But trade and stays above that upside target 370-375

Canara Bank

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CANBK (450) - Now Support 445-440
If it hold above that then the up side target 500-505
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NF (5681) - In the last 9 days, it is trading with in 100 points range  so All Levels are remain same :
Upside target and Resistance 5743-5763  (on 18th oct made high 5744)
Down side target and Support 5654-5634 (on 16th Oct made low 5637)
Above or below only next big move either up or down, other wise this is the range.  Below the support, next in down side 5460-5440
in between support 5550

Axis Bank

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Reliance Capital

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RELCAPITAL (441) - Last hope and support 440-435 
But trade and stays below that down side target 406-396

Union Bank of India

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UNIONBANK (209) - Now face Resistance 213-217
But in case trade and stays above that next in upside  237-240 & 250-254
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NF (5664) - In the last Three days posted the Trading range, still it remain same Downside Target and Support 5654-5634 (Day before yesterday made low 5637 and yesterday low 5645)  
Upside Target and Resistance 5743-5763 Above or below only next big move either up or down, other wise this is the range.  Below the support, next in down side 5460-5440
in between support 5550

Talwalkars Better Value Fitness

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TALWALKARS (194) - Already posted on 27th Sep 
Now only broken the mentioned hurdle so this is the reminder.....

Tata Motors

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TATAMOTORS (265) - Now Support exists at 262-258 
If it hold above this level, already mentioned in sep post, upside target of 300 intact. 
But in case trade and stays below the mentioned support then it take it down to 235-232

Amara Raja Batteries

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Adani Enterprises

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ADANI (214) - See post dated 04th oct. As posted above 208-212 it made high 238 and come down to 208 and from there again moved up  and attacked 231 and now once again come down and took support at 208-212 
So now if not break this support once again up move  otherwise if it trade below 208-212 then, as posted in the same post, take it down to 195-191
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NF (5651) - In the last two days posted the Trading range, still remain same
Downside Target and Support 5654-5634 (yesterday made low 5637)  
Upside Target and Resistance 5743-5763

Above or below only next big move either up or down, other wise this is the range.  Below the support, next in down side 5460-5440
in between support 5550
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NF (5701) - Trading  Range
Upside 5743-5763 Downside 5654-5634 Above or below only next big move either up or down, other wise this is the range.

Strides Arcolab

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STAR (918) - Hereafter support 915-910 & 885-880
Above that upside target 957-967, 1029 and ultimate 1063
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NF (5686) - Trading  Range
Upside 5743-5763
Downside 5654-5634
Above or below only next big move either up or down, other wise this is the range.

The Karnataka Bank

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KTKBANK (119) - Hereafter down side support exists at 112-107
If it hold above this then the short term upside target 142-146,  160-164 and Ultimate  194-204

Century Textiles & Industries

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NF (5745) - All levels remain same : 
Support 5730-5700
Above that upside target 5820-5840
Below that down side target 5620-5590
(Even though it broken 5730-5700 level but not fulfill the down side target of 5620-5590  (made low 5656 only) 
and yesterday once again came up to 5749)

Zee Entertainment Enterprises

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ZEEL (190) - See Post dated 07th Sep. Posted target 218-224
Whereas it went up to 208 on 04th oct. and from there corrected and yesterday made low 184 
and it seems correction over now the upside target remain same and intact.
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NF (5674) - All levels remain same : 
Resistance 5700-5730
 Below that down side target 5620-5590
and above that next in upside 5820-5840

Siemens

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Axis Bank

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AXISBANK (1106) - Last hope and support 1093-1083
But trade and stays below that down side target 1012-1002

A shorter settlement cycle will make Indian stock markets even better than the rest

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India is prepared to move to the T+1 settlement cycle as the country’s banks now offer online settlement for funds. It will substantially improve liquidity and remove the need for transactions like “Buy Today, Sell Tomorrow”

The stock market in India is one of the best in the world. This may come as a surprise to many. The reasons are obvious. India has rarely contributed to financial innovations in recent times. Also traditionally India has been one of the late starters in stock marketand stock market continued to follow primitive practices till the time two major changes happened, which are: 1) starting of screen-based trading, and 2) dematerialization of securities.

We have often been accused of aping practices of the US and European securities market. Whatever be the fact, today India seems to have left behind some of the advanced economies in managing settlement cycle. If you do not believe it, you just need to look at the table below:

Source: CISI, London (India also …
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NF (5722) - All Levels Remain Same :  Down side support 5730-5700  (Day before yesterday low 5694 and yesterday made low 5697) But below that next in down side  5620-5590 Upside Resistance and Target 5820-5840 (Already made high 5842 on 04th Oct) But above that next in upside 5930-5960

Sun Pharmaceuticals Industries

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SUNPHARMA (723) - One of the Best Continuous Performing Stock for the Past 10 Years.
Posted on 31st Aug. "Support 670-665 above that upside target 724-729" as posted yesterday it attacked the mentioned upside target exactly (made high 728.50)
Now what next ? 

May be time being top going to form at 740-750 and expect correction
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NF (5701) - All Levels Remain Same : 
Down side support 5730-5700 (yesterday made low 5694) But below that next in down side  5620-5590 Upside Resistance and Target 5820-5840 (Already made high 5842 on 04th Oct) But above that next in upside 5930-5960

Bata India

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BATAINDIA (925) - Posted on 01st Aug Above 920-930 upside target 990-1010 & 1070-1080 as posted it attacked 990 on 03rd Oct and from there it corrected and yesterday it made low 922.
Now what next ? 
On going fall going to arrest at 920-910
But in case trade and stays below then fall continue to 870-865