Technical View- 29th August 2012

we could see a further decline to

5250- 5290. Advise initiating

short pos. at 5375- 5380

with a stop at 5400

for a p.t. of 5290- 5300

& closed below 10300.

Near term support at 10100- 10110.

Short at the break of 10050

with a stop at 10150 for a p.t. of 9810- 9900

Short at 565- 567 with a stop at 572

for a p.t. of 554- 557.

Short also at the break of 550 with a stop at 556 for a p.t. of 542- 543

Short Bharti at 254- 255 with a stop at 258 for a p.t. of 247- 249

at 1400- 1420 & could be

headed to 1350.

Short in the 1410- 1420 range with

a stop at 1430 for a p.t. of 1375- 1380

Close below 110, prices will quickly slip

to 100- 102.

Short at the break of 109, with a stop at 112

for a p.t. of 102- 104.