Wednesday, January 20, 2010
Total stock specific approach advisable. BSE index: (17486) 17506 a nearest & 17610 a solid resistance to watch out for up to which selling on higher levels will be seen, keep stop loss of 17665 to your sales for intra day. Nifty Future: (5224) 5232 a nearest & 5261 a solid resistance up to which selling on higher levels will be seen, keep stop loss of 5275 to your sales for intra day. SESAGOA: (406) Keep stop loss of 419 & go short on higher levels. Expect 397, 390 & 380. NALCO: (463) Keep stop loss of 453 & buy in panic. BPCL & HPCL:
Some intra day panic down to 5196-5174-5138 not ruled out.
17610 & 5261 crucial resistance to watch out for.
Downward side it'll fall down to 17377, 17298-17276-17237 on intra day basis, cover shorts around 17237 & buy fresh keeping stop loss of 17170.
Downward side it'll fall down to 5196, 5176 & 5138 on intra day basis, cover shorts around 5138 & buy fresh keeping stop loss of 5108.
ACC:
(953) Break below 943 further panic down to 930-925 will be seen, buy in panic keeping stop loss of 917.
ABAN: (1458) Sell.
Go short on higher levels.
BAJAJHIND & RENUKA:
Selling on higher levels will be seen.
HERO HONDA & MARUTI:
1645 & 1394 crucial supports to watch out for.
UCO Bank:
(62) Buy in panic.
CHAMBAL:
(71) Crossover above 74.50 expect 80.
RANBAXY & DR REDDY:
Selling on higher levels will be seen.
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