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Showing posts from January 7, 2013
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NF (6047) - All levels remain same  :  Now Support 6035-6005 Above that next in upside 6155-6185 But below the support next support at 5875-5845.

Wanting to void trades, NSE refuses to pay for freak trade by Emkay Global

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National Stock Exchange (NSE) has withheld payment to a few beneficiaries of a freak trade by brokerage Emkay Global and may consider annulling these trades, said a few brokers aware of the development.


The incident, which took place in early trade on October 5, caused trading to stop for 15 minutes after the Nifty tumbled over 15% within seconds. It also burned a Rs 51-crore hole in Emkay's pocket.

In a recent letter to the trade's counterparties, the exchange has reportedly sought an explanation as to why the trades should not be annulled. Mumbai-based Inventure Growth & Securities and Ankit Financial Services are among the beneficiaries which confirmed having received NSE's letter.

An email questionnaire to NSE asking if it had indeed sent out letters to the beneficiaries went unanswered.

"...you and those of your clients on whose behalf the said trades have been executed are hereby called upon to offer your explanation as to why all or any or some of the sa…

State Bank of India

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SBIN (2486) - On 06th Dec posted Target 2467-2497 as posted last Friday it attacked the mentioned target (made high 2493). so from the mentioned support of 2040 (posted on 21st Nov) to 2493 within 2 months.
Now what next ? 
Face hurdle 2503-2533
But trade and stays above that Ultimate upside target 3148-3178
in between resist exists at 2818-2848 & 3075-3090

Sintex Industries

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SINTEX (70.25) - Above 71.50-72.50,  face last hurdle 75.50-76.50
But trade and stays above that next in upside  92-95 ------ 104-108 --------126-129
and afterwards Ultimate 158-162
Down side support 64-62

Dewan Housing Finance Corporation

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DHFL (214) - Face Last Hurdle 218-224
But trade and stays above that upside target 268-272

Infrastructure Development Finance Company

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IDFC (183) - Already posted on 02nd Nov.12 itself.  Just reminder only
As posted already it closed  and hold  above the mentioned resistance.