Showing posts from July 10, 2014

BUDGET 2014-15

 F inance Minister of India, while presenting his maiden budget said, decisive vote for change represents the desire of the people to grow, free themselves from the curse of poverty and use the opportunity provided by society. Country is in no mood to suffer unemployment, inadequate basic amenities, lack of infrastructure and apathetic governance, he added. FM said, “The situation is challenging, due to sub 5% growth and double digit inflation . Continued slow-down in many emerging economies is a threat to sustained global recovery. A recovery was visible with the growth rate of world economy projected at 3.6 per cent in 2014 vis-à-vis in 2013.” “First budget of this NDA government to lay down broad policy indicators of the direction in which we wish to take this country. Steps announced are only the beginning of the journey towards a sustained growth of 7-8% or above within the next 3-4 years, along with macro-economic stabilization.  Deficit and Inflation

IRB Infrastructure Developers

IRB (236) - Posted on 10th June and posted upside target 286-296 where as it went up to 275.70 on 08th July (target not attacked) and from there, as of yesterday, crashed up to 229.20. so all levels posted on 10th July remain same and intact. Resistance 250-255   above that upside target 286-296 but below 250-255  down target and support 218-208

Housing Development and Infrastructure

HDIL (89.60) - Below 98-104 weak only (this was 09th June post) and now last hope and support 87--85 But below that Ultimate down side target 65-63 with in between support at  72-70

Crompton Greaves

CROMPGREAV (187) -  Tweeted on 08th July and below is that emded : CROMPGREAV - Resistance 208-212 but above that upside target 220-223 and 240----260 — MURUGAVEL (@murugavell) July 8, 2014 As tweeted, it resisted, even though, it spiked up to 214.50 on 08th July,but broken 208 on the same day itself and yesterday it made low 184 and closed at 187 Now what next ? below 187 weak only  and last hope 182-180 But below that  down side target and support 162-158

Aurobindo Pharma

AUROPHARMA (677) - Posted on 04th July and said "Support 730-720 and resistance 780-790" as posted it resisted exactly at 787 on 08th July. from there,fall started, yesterday it broken the mentioned support 730-720 also and made low 660 and closed at 677  ** (When our mentioned support broken,then automatically it become resistance, this was indicated several times in our so many posts and it is said in our READ FIRST menu also)  *** Now what next ?  Resistance 720-730  and above that 780-790 remain same Below that down side target and support 657-647 and strong support 623-603 **** Once again repeat the Note.:  This stock pattern indicate ,  it is marching towards 4 digit figure in the medium term.