Technical View for Indian Stocks on 24th August 2012

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Technical View- Equities                                                                                                                                                                                                                 24th August 2012
SCRIP SUPP RES TRADING CALL
NIFTY- 5415.25 5355 5435 The trading range for
the day is 5350- 5450.Can short at 5350- 75
with a stop at 5510

for a p.t. of 5350- 75.
Initiate longs at 5350- 5360
with a stop at 5320 for a p.t. of 5425- 35
5310 5490
BHEL-             233.25 233 235 BHEL has been trading in a
very narrow range &unable to close above 235.

Short around 235
with a stop at 237

for a p.t. of 229- 230
229 240
INFY-    2477.2 2455 2500 Prices may be topping
out at 2500- 2550.Short around
these levels with a stop at 2570

for

an initial target of 2450

followed by 2320- 2350
2320 2450
BANK NIFTY- 10457.7 10400 10540 Bank Nifty has closed below
crucial resistance at 10540

 

& could attempt to

breach those levels again today.

Short at 10540- 570

 

with a stop at 10610

for a p.t. of 10370 – 10420

 
10370 10570
10650
ICICI BANK-   973.85 957 969 Continue holding long pos.
initiated at 965- 970 with
a S/L at 960 for an initial target
of 977- 78 followed by 995- 1000

 
945 998
HINDALCO-  113.1 111 114 Prices unable to break 116.

 

Short at the break of 109, with a

stop at 112 for a p.t. of 100- 102.

Short also at 115.5- 116

with a stop at 118

for a p.t. of 111- 111.5
106 116
102
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Mr. Rajeev prakash agarwal financial astrologer

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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