Technical View on Indian Stock Market for 11 september 2012

Technical View- Equities                                                                                                                                                                                                                 11th Sept 2012
SCRIP SUPP RES TRADING CALL
BHEL-                          198.05 195 201 Continue holding longs initiated

at 201- 202 with a

stop at 196 for an initial target

of  207 followed by 210- 212

191 207
212
BAJAJ AUTO-  1709.35 1685 1725 Hold on to long pos. initiated

at 1700 with a stop at 1680

for a p.t. of 1725- 1750.

Break of 1670, reverse positions

with a stop at 1690 for a p.t. of 135- 1640

1635 1750
1590
HCL TECH-
573.7
560 582 No change in trading call.

Short HCL Tech at 582- 590

with a stop at 596 for a p.t. of 560- 565.

525 590
ONGC-                 278.35 272 280 Initiate longs ONLY

at the break of 282

with a stop at 279

for a p.t. of 288- 289

265 289
HINDALCO-            108.3 106 109 Hold on to short Hindalco pos

. initiated at 109- 111 with

a stop at 113 for an initial p.t. of

106 followed by 101- 102

101 111
114
HDFC-                          741.2 735 746 Short HDFC at 746- 748

with a stop at 756

for an initial p.t. of 735

followed by 726- 728

726 748
753
KOTAK BANK-571.4 569 572 Hold onto long pos.

initiated at 570- 572 with a

stop at 565 for an initial target

of 580 followed by 590- 592

. Break of 565,

reverse pos. for a p.t. of 558- 560

558 579
592
Pl Note:
1. All values are based on cash/ spot prices
Disclaimer: The content of this technical report is based on various technical fundamentals researched upon by the technical staff of Astrodunia.com (MAA ASTRO DUNIYA PRIVATE LIMITED), based out of Indore. This is a guideline ONLY! And the decision has to be taken after logical thinking by you. Neither M.A.D.P.L. nor it’s team members shall be liable for any sort of personal or financial gains and losses.

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