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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 |
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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 |
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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. |
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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 |
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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 |
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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 |
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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 |
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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. |
Integrate Market Timing in your Portfolio
Mr. Rajeev Prakash
Rajeev is a well-known astrologer based in central India who has a deep understanding of both personal and mundane astrology. His team has been closely monitoring the movements of various global financial markets, including equities, precious metals, currency pairs, yields, and treasury bonds.
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