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Showing posts from February 15, 2012

NIFTY - 1000 Points up in 41 Days !

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NIFTY (5532)  -  It made low 4531 on 20th December 2011 and from there today it made high 5542. That is 1011 points moved up with in 41 trading session.
It seems it is because of FII pumping the money in the market. FII  investements data for the past 41 days says so.
But i suspect it is not because of FII but in the name of FII, one portion of money,  flow of illegal funds from tax havens such asMauritius,Switzerland, Lichtenstein, British Virginislandsetc.(indian black money) , which was parked earler in that countries by indians.
But as such, now enjoy the rally till it technically fizzled out
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NF ( 5452) - All levels remain same :

Support 5422-5392 above that up side target 5503-5533  &  5553
and below that  down target 5330-5300

Mahindra & Mahindra

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Reliance Capital

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RELCAPITAL (424) - As posted on 01st Feb. "above 380-385 upside target 427-437" as posted up to yesterday it made high 427.
now what next ?
Now trade and stays above 427-437
then up move continue to 463-469

State Bank of India

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Tata Motors

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TATAMOTORS (268) - Last hurdle 277-282
Trade and stay above that next big move going to happen...
above that first attack 295-299 and afterwards 320-324

Will post the big target levels, once it attack the above mentioned levels.

Union Bank of India

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UNIONBANK (256) - Hurdle 260-264
Trade and stays above that up side target 350-365
in between resist at  280-290

Wockhardt

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WOCKPHARMA (464) -    Strong hurdle at 472-482
But trade and stays above that next attack  545-565

Aban Offshore

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ABAN (534) -  It seems downside correction over and now ready for  another up move.
Now If not break 526-522,  once again move upto 555-565
 and  if stays above that, then  next attack 626
In between resist at 598-604