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Showing posts from February, 2010

NIFTY - next move

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NIFTY - yesterday reached the resistance (refer 14 feb. 10 post : http://www.murugavel.com/2010/02/nifty-what-is-in.html ). So what will be the next move ? If not break 4990-5020, may come down to 4760 and after that 4560-4540. But two close above 5020 may go to 5080 & 5190 .
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Aban Offshore

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ABAN - If not break 1150, go to 1184 & 1202.

Divi's Laboratories

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DIVISLAB - If not break 617-622, may come down to 601 - 593

Aqua Logistics

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AQUA - 242 & 247 hurdle. downside may come down to 224 & 215.

Tata Consultancy Services

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TCS - above 768 upside target 782 & 792. support 757.

Titagarh Wagons

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TWL - below 388 next attack in downside 355 & 335. hurdle 404.
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Earlier levels are valid, as long as maintained it. use it,if you can.

NIFTY FUTURE

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NF - below 4868-4874 come down to 4828, 4802-4797 & 4740. Hurdle 4892.

Bajaj Hindusthan

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If take support at 152-150, then go upto 162 & 171. but close below 150 next attack 129-125.

Ador Welding

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ADORWELD - below 197-199 come down to 184 & 178. hurdle 205 & 214.

Indo Tech Transformers

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INDOTECH - Trade below 330 come down to 321 & 311

NMDC

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NMDC - below 439 come down to 428 & 415. otherwise 462.

The State Trading Corporation of India

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STCINDIA - below 500 come down to 476 & 461. hurdle 510-512.

NIFTY FUTURE

NF - above 4840 go to 4893 & 4925-4932. support 4802.

Bank of Baroda

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BANKBARODA - below 575 come down to 550 & 537-533

Jet Airways (India)

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JETAIRWAYS - If trade below 463-461 come down to 452 & 442-437.

Zuari Industries

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ZUARIAGRO - If not break 533, in upside attack 554 & 568. otherwise come down to 503.

Axis Bank

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AXISBANK - above 1092 move to 1120 & 1151. support 1078.

Jyothy Laboratories - POSITIONAL

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JYOTHYLAB - Two Close above 192, Target 240-246, 290 & 342.

Apollo Tyres - POSITIONAL

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APOLLOTYRE - Hurdle 63 but two close above that level may move to 80 & 111.

JK Tyre & Industries - POSITIONAL

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JKTYRE - Strong Hurdle 200-205, but two close above that level may target to 260-270 and 358.

TVS Srichakra - POSITIONAL

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TVSSRICHAK - support 178 & 160. upside target 280 & 310.

Kabra Extrusion Technik

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KABRAEXTRU - If not break 208 may go to 218, 226 & 240 otherwise come down to 195.

Thinksoft Global Services

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THINKSOFT - high risk trade - if downfreeze release today with big volume then may move to 285-290 but it is only a pull back.

Educomp Solutions

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EDUCOMP - If unable to break 702 may come down to 680-675. upside momentum above 720-724 only.

Ranbaxy Laboratories

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RANBAXY - below 445 may come down to 432 & 420. upside hurdle 452-455.

Bombay Dyeing & Mfg Co

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BOMDYEING - hurdle 565-567 above that may go to 587-592 & 614. support 540.

Magma Fincorp

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MAGMA - above 227 last hurdle 236-238 after that next attack 264 & 275. support 218.

MphasiS

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MPHASIS - below 735 come down to 717 and above 754 go up to 775

VIP Industries

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VIPIND - timebeing topped out. so hurdle 286 & 296. downside may come down to 258 & 245

Tata Steel

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TATASTEEL - strong hurdle 588-594. downside target 575 & 563

NMDC

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NMDC - below 484 may come down to 470 & 462. resist 495-500

Mcleod Russel India

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MCLEODRUSS - trade above 246 may go to 256-258 & 269

JK Cement

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JKCEMENT - If break and trade above 195 may go to 203 & 208. otherwise come down to 183 & 175.

Indo Tech Transformers

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INDOTECH - below 320 may come down 309 & 295-290. resist 326-330.

Thinksoft Global Services

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THINKSOFT - free fall may continue... 345-335 & 255

HCL Technologies

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HCLTECH - above 366 may attack 382-386

Aban Offshore

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ABAN - above 1234 may go to 1264 & 1324

Hindustan Oil Exploration Co

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HINDOILEXP - above 276 may go to 294 & 307

Jain Irrigation Systems

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JISLJALEQS - 885-895 hurdle. If not break then may come down to 848-838 & 820.

Indraprastha Gas

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IGL - above 214 may go to 224 & 242

National Fertilizers

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NFL - above 145 may go to 153 , 160 and above next target 182.

Hind Rectifiers

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HIRECT - above 84 may go to 88 & 93 support 79

SREI Infrastructure Finance

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SREINTFIN - above 65.50 may go to 69.50 & 72 support 63.50

Strides Arcolab

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STAR - above 305 may go to 317, 324 & 336. support 298

Prakash Industries

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PRAKASH - above 204 may go to 212 & 216

OnMobile Global

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ONMOBILE - below 375 may come down to 355-350 & 327. resist 384.

Aurobindo Pharma

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AUROPHARMA - above 933 may go to 950-960 & 990-999. support 910.

Hindustan Oil Exploration Co.

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HINDOILEXP - above 276 may go to 292-295 & 307 support 266, break this may come down to 250-247.

Ranbaxy Laboratories

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RANBAXY - above 415 may go to 429-432 & 447. support 404