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.
Posts
The Karnataka Bank
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
CENTURYTEX (391) - As posted on 26th Sep. last Friday it attacked the mentioned strong hurdle level of 385-395 (exactly made high 395) and as mentioned in the same post in case if it trade and stays above this hurdle then ready for short term big up move. If the condition met then The short term upside target is 574___604
Zee Entertainment Enterprises
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.
Siemens
SIEMENS (683) - Posted on 04th Oct "FACE RESISTANCE 745-765" as posted it resisted at 747 level not one day but repeatedly three days (04th oct to 08th Oct) and from there fall started and yesterday it made low 680. what next ? Now support exists at 678-668 But below that fall continue to 640-630
Axis Bank
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
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 market and 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, L...
Sun Pharmaceuticals Industries
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
Bata India
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
Tech Mahindra
TECHM (947) - Already it fallen from 1043 to 943 now what is in ? On going fall going to end and take Support at 932-922 But in case trade and stays below that next target in down side and strong support at 887-877
Communication error at Emkay leads to Rs 650-crore selloff; Nifty crashes by 900 points
O n a quiet Friday morning, a young trader at a Mumbai brokerage made what could be the biggest mistake of his life - confusing the value of a client's order with the number of shares. Instead of selling stocks worth Rs 34 lakh, he punched in orders that amounted to a Rs 650-crore selloff. Within seconds, the market went into a tailspin and his employer Emkay Global was left scrambling for cash. It was a reminder that the stock market, often perceived as a barometer for economic prosperity, could be amazingly vulnerable. The bellwether Nifty crashed by 900 points (more than 15%) amid heavy volumes and the market shut down for 15 minutes, with arbitrageurs who cash in on the difference between the spot and futures markets taking a heavy hit. Friday's development may be raised at the meeting between Finance Minister P Chidambaram and the Sebi board. Emkay, whose trading terminals have been frozen following the incident, will have to organise funds by Tues...
NSE freak trade fiasco: Will it go scot-free again?
Given the opaque style of functioning and NSE being the favoured exchange of SEBI, the exchange will go scot-free once again. However, SEBI should seek clarification from NSE and also penalise both exchanges for not following its circular on index-wide filters The so-called high-tech systems of National Stock Exchange (NSE) failed today. The exchange which boasts as technologically advanced was hit by a trading error. What I wonder most was not the error but the index which had to stop trading as 10% circuit filter went all the down to 4,888 which is 15.8% down (As per NSE’s own website the day’s low is 4888.2). If one reads the NSE's circular dated 28th September ( http://www.nseindia.com/content/circulars/CMTR21799.pdf ), a 570 point (10%) should have triggered the circuit breaker . Once the circuit breaker is hit, the market (both NSE & BSE) have to be closed immediately for one hour. Extract from the circular is as follows: On September 28, 2012, t...
Maruti Suzuki India
MARUTI (1390) - Posted on 17th Sep " Above 1250-1240 Upside target 1415-1430" as posted yesterday it almost attacked the mentioned upside target (made high 1410) Now resist 1415-1430 In case trade and stays above then ready for another big upmove
Reliance Capital
RELCAPITAL (452) - Posted on 24th Sep . Upside target 442-458 as posted yesterday completed the mentioned upside target (made high 462) Now what next ? In case trade above 462 going to top out 480-495
State Bank of India
SBIN (2345) - Posted on 24th Sep "Above 2240-2260 upside target 2335-2375" as posted yesterday it attacked the mentioned target (made high 2349). so now already mentioned resist of 2375 remain same But trade and stays above that next attack in upside 2466-2476
Sobha Developers
SOBHA (383) - Already Posted On 08th Aug Itself. As posted yesterday only it traded and closed above the mentioned hurdle of 365-370 so now All mentioned upside targets and levels are intact.
Siemens
SIEMENS (739) - Posted on 31st Aug. "above 690 upside target 738" as posted yesterday it attacked the mentioned upside target. what next ? Now Face Resistance 745-765 But trade and stays above that next upside target 838-848
Ess Dee Aluminium
ESSDEE (212) - Now Support 210-205 Above that short term upside target 308-318 in between resist at 224-228
ADVANTA INDIA
ADVANTA (846) - Posted on 16th sep 2011 above 400 ultimate upside target 760, after one year it attacked the mentioned target on 01st oct and yesterday even it moved beyond and made high 883 now what next ? Now Above 730-760 this round ultimate upside target 1300-1310 in between resist at 969-999
Adani Enterprises
ADANI (208) - Resistance 208-212 and down side support 195-191 But trade above the resist up side target 230-233 & 246-250
Apollo Hospitals Enterprise
APOLLOHOSP (769) - Here after support 720-700 Above that short term upside target 984-1004 In between resist at 840-850
Financial Technologies (India)
FINANTECH (975) - As reminded on 14th Sep . Last Friday , it attacked the mentioned upside target of 975 (made high 979), Now what next ? Ready for another big up move Hereafter support 960-930 If it hold above that next attack in upside 1045-1065 and afterwards ultimate upside target 1350-1370
Titan Industries
TITAN (261) - Posted on 11th Sep. "Above 238-241 upside target 263-266" as posted last friday it attacked the mentioned upside target (made high 262.70). As posted in the same post , Now Resistance 263-266 but if it trade and stays above 263-266 then ready for a big move For that, short term upside target 318-326 in between resist at 285-295
United Spirits
MCDOWELL-N (1275) - In the last five days, non stop rally happened from 940 to 1295 Here several times posted and every time it attacked and crossed each and every upside target Now what is in ? Hereafter Any correction happen, down side support 1100-1050 Upside target 1640-1690
Jubilant Foodworks
JUBLFOOD (1346) - Posted on 09th Aug. "Above 1275 upside target 1360" as posted it broke and stayed above 1275 on 17th sep and yesterday, exactly it attacked the mentioned target (high 1360). Now what next ? Hurdle 1340-1360 But trade and stays above that then ready for big up move Short term upside target 1605-1625 Hereafter in down side support exists at 1310-1290
JSW Steel
JSWSTEEL (739) - Last three days topping out formation is going on.. So Hurdle 760-780 if it not move beyond then expect fall But in case trade and stays above that then ready for big up move. If it happen, then, will post the target.
Talwalkars Better Value Fitness
TALWALKARS (180) - Hurdle 180-185 But trade and stays above that Upside Target 216-226
Bajaj Auto
BAJAJAUTO (1788) - Posted on 17th Sep. Posted upside target 1840-1850 whereas yesterday it went up to 1829 and it seems topped out. So resist remain same at 1840-1850 and in downside if trade and stays below 1780 come down to 1735 & 1695
Century Textiles & Industries
CENTURYTEX (360) - Now Resistance 361-366 But trade and stays above that upside target and Strong Hurdle 385-395 In case if it cross and hold above mentioned hurdle then ready for a big up move. Will post, when it happen.
Godrej Industries
GODREJIND (291) - Posted on 12th Sep. As posted Yesterday only it broken the mentioned hurdle so the mentioned upside target intact
Jindal Steel & Power
JINDALSTEL (425) - Rally over at 455 and reversal happened So Resist at 450-460 Down side target 395-390
