HeroMotor -May Out Perform, Market-Upsurge May Not Sustain

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NseNifty-Support around 5120 and 5070-75 break below 5075 it can come down to 5010-5000
Crossover 5205 it can move toward 5225-5230 and 5300 ..5250-60 can act as minor resistance.

BankNifty-Likey to come down to 10200 and 1050 than after 9920-9880.

Upper side Crossover of 10520 it can move toward 10600 and 10700 and 10770-800.

Expact Fall of another 500..Point if break and sustain below 9850.

Ready To Ride Against Market 

Past Performance                                             

INFY -Short advised at 2870 on 5 May  tgt 2500 and 2285 

First tgt achived.

Read Here -http://netprofitideas.blogspot.com/2011_05_05_archive.html

Hindalco-Advised to paid clients Sell around 184  and 193 tgt 145..Tgt achieved given here at 162 (21 June me )

Read Here-http://netprofitideas.blogspot.com/2011_06_21_archive.html

GToffshore-Read Our Post

http://netprofitideas.blogspot.com/2011_06_21_archive.html

 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....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.