Wednesday, January 20, 2010

Total stock specific approach advisable.

Some intra day panic down to 5196-5174-5138 not ruled out.


17610 & 5261 crucial resistance to watch out for.

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.
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.

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.
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.

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.

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.

BPCL & HPCL:
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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