A Medium Term Correction....On The Way

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NseNifty-Yesterday We recommended  to short below 5099 for tgt of 4980 ..it came up to 5200 to fill gape b/w Monday's Closing and Yesterdays Opening and you all Have seen.
Now In line with Yesterday's post


Read Our Yesterday's Post..yeah we are in short...and Holding 5000-4900 put also

Immediate Hurdle around 5250 and 5320-40,don't be aggressive in buying at heiger level.

Below 5099 it would likely to come down to 4980 in no time 

There are the Only support will be seen will be working for few hours -minutes or day but market is likely to come down.bulls should wait for any possitive news or upper side breakout around 5570.

Break of 4950 another panic ..possible down to 4860..4800-4780..Let me finish here.

We are in correction mode that can see downline of 4000-3800.

on weekly basis keep a sl above 5570 and go short if rally comes to 5400-5420.

BankNifty-just 2day  before we advised the level of 10170..and yesterday it made low of 10150

Sbin-Remember just 3 days back @ 2280-2300 we advised it can come down to 2175-80

Yesterday it made low of 2180 and come up to 2160.

For today below 2120……2000-1900….In midway it can take support around 2085.

AxisBank-Support around 1220 and 1200..panic selling Below 1200-1196

sell round 1250-50 keep sl of 1266 tgt 1220 and 1200 break below 1200 heavy panic can drag this to 1185-75 and 1160.

Bhel-Above 1730 it can go up to 1760..our previous call was giveb to sell @1870-90 tgt 1800 and 1725..achieved

below 1660 stock can come down to 1640-25 and 1570.

Yesbank-support around 290 break below which it can come down to 285-284 and 282

Tvsmotor-looks good above 55

Tcs-Sell below 995 it can come down to 930 in midway likely to take support around 987 and 970-67

TataPower-Likely to come down to 1180,1168-70,1155-56 and 1135 keep sl of 1222.

TataMotor-Below 823 stock can come down to 818-817,800 and 790.

This Turmoil can bring 750-70  If nifty come 

down to 4780-50,and 660..Finally 600

Hdil-From last 4-5 days we are recommending for tgt 102-90..

DLF- 190..185 and 160???

 IMP DISCLAIMER: Above matter is technical analysis based on & conceived from charts, which are believed to be authentic over long long time. One should think of own risk first before implementing on above analysis. The author won't be liable or responsible for any legal or financial losses made by anybody.

A Medium Term Correction..Can Lead To 4000-3800

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NSENIFTY-Immediate Hurdle around 5250 and 5320-40,don't be aggressive in buying at heiger level.

Support around 5160 below this it can come down to 5120-5100

Below 5099 it would likely to come down to 4980 in no time 

There are the Only support will be seen will be working for few hours -minutes or day but market is likely to come down.bulls should wait for any possitive news or upper side breakout around 5570.

Break of 4950 another panic ..possible down to 4860..4800-4780..Let me finish here.

We are in correction mode that can see downline of 4000-3800.

on weekly basis keep a sl above 5570 and go short if rally comes to 5400-5420.

Sensex-Support around 17200 on closing base is protected but picture looks not enough good take relief.

in Mid of 2012 around april possible of 12000

Bank Nifty-immediate resistance around 10550-600,and support 10260 if break this than it can go down t o 10150 it can touch 10000 and below 10000.....??

Hdil-susutain below 120 panic selling will push it down to 90-78

Relinfa-below 515  ….501 and 490 possible 

Ster-Now  133,126 and 116…..and more down side possible.

Escort -80 and 74 on the card keep sl of 95 in short

Apil-immediate hurdle around 563 and 570-75

Break below 535 stock can come down to 525.

Axisbank-1280-85  and 1292 can be immediate hurdle

Below 1200 stock will take small support around 1192-193 and likely to come down to 1184-85,1177-75 keep sl of 1195 and tgt 1160-1150,1150 is important and Crucial support.

Bajajhind-Resistance 64-66 and break below 59 it can come down to 58 and sell or buy put of 55-50 once it close below 58

Reliance - 750-744 on d way

IMP DISCLAIMER: Above matter is technical analysis based on & conceived from charts, which are believed to be authentic over long long time. One should think of own risk first before implementing on above analysis. The author won't be liable or responsible for any legal or financial losses made by anybody.

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NSENIFTY-Read our 3rd august post advised of 5325..now 5250 and 5200 heavy selling don't be too exited near 5200 if not break than too..may it be stop for day 2-5 but market not seems to go up .

Sintex-Heading toward 150-152


Sbin -2175 on the chart


Ster...Can give 20 rs below 150

Dlf-Below 214 stock can come down to 211.50,210,208.

Sustain below 206…will lead to 195-198

Hdil-Can come down to 124,122-120….stock may crack down below 120..90 on the card.

Hindalco -Massinve fall expected if close below 159


Patelengg-Remain Short


Reliance-Below 798..788 and 750.


Gspl-Sell below 101.


Gtoffshore..Massive Fall Below 200 can come down to 180-163

IMP DISCLAIMER: Above matter is technical analysis based on & conceived from charts, which are believed to be authentic over long long time. One should think of own risk first before implementing on above analysis. The author won't be liable or responsible for any legal or financial losses made by anybody.

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8866877118 

NseNifty-Buy above 5470 sl 5433 tgt 5505-5510, and 5522 Break below 5433 it can come down to 5408-5400,Break below this level it can see 5375-70.Than after 5325.

This Selling can stock around 5250-42.Crucial Resistance around 5598-5600

BankNifty-Below 10720 it will make way for 10628-20,and 10525

Above 10850 it will favor bulls else selling Only.

Sbin-Likey to come down to 2175-2180.

Patelengg-Break below 130 stock can come down to 126,121-20.

My targets Are 105-98 and 66…? sl ?

Sintex-Sell around 174-176 Intraday  tgt 170  breaking of 169 stock can come down to 166.50,164-163.50

Below 169 keep sl 172 tgt 164

Hindoil-Crack Down Expected Below 163.

LT-sell below 1718 tgt 1700-1685-75  for time being ..final tgt 1640-50

Exide-what to expect Below 148?

Jpassociate-Break below 63 it will head toward 60 and 57.50.

Bhel-Who will save below 1800...likely to come down to 1780,1755 and 1720-25

MaxIndia-Buy above 188  tgt 192-196

Mphsis-Buy above 460 tgt 464 -469


Renuka- Break Below 68?...TataChem-below 343?

IMP DISCLAIMER: Above matter is technical analysis based on & conceived from charts, which are believed to be authentic over long long time. One should think of own risk first before implementing on above analysis. The author won't be liable or responsible for any legal or financial losses made by anybody.