NIFTY SPOT: EXPECTEDLY STUCK AT 5300/45 RANGE... NOW IF FAILS TO BREACH IT, THEN ONE CAN EXPECT SOME PROFIT TAKING....

***NOTE: 5345 mark can move to 5370/75 if sideways flattish action continues for 1 or 2 days

IF one sees nifty spot failing to breach mentioned zone, then he can try 5100 PUT with SL abv 5345 or 5375 (depends on resisted sideways action on time frame). max risk Rs.1500 per lot (for expiry players)....can be reduced to Rs.500/750 if one follows the SL with given levels.

**overall we are still in bullish zone until rising channel in intact. Nifty to move in channel until change in degree (for current uptrend) or breakdown on channel happens on the card.

EROS MEDIA----2 july 2012

BUY EROS MEDIA @ 173 AND AT 170 ON DIPS. SL: 169.9. TGTs: 177.7-82

biocon chart-------29 june 2012

BIOCON----29 june 2012

LOOKS LIKE BIOCON BROKE OUT OF ITS WEEKLY WEDGE FORMATION

***IF SUSTAINS ABOVE BREAKOUT LINE ==>> EXPECT 248/55.......AND IF CROSSES 255 ON WEEKLY CLOSING WITH SUPPORTIVE VOLUMES, THEN 280/85 COULD BE THE POSSIBLE TARGETS

NIFTY SPOT: REACHED NEXT HURDLE (5300/45) AFTER BREACHING PREVIOUS ONE AT 5180/5200....CHART ATTACHED

==>> NIFTY FOLLOWING CHANNEL PATTERN (EXCEPT ONE BREAK IN BETWEEN THE PATH)

==>> IF FOLLOWS THE CHANNEL, DOWNWARD ACTION IS EXPECTED FROM 5300/45 RANGE

==>> IF BREACHES, THEN DEGREE WILL CHANGE....AND UPWARD ACTION IS LIKELY TO TURN STRONGER

nifty view 29 june 2012

NIFTY SPOT: REACHED NEXT HURDLE (5300/45) AFTER BREACHING PREVIOUS ONE AT 5180/5200....CHART ATTACHED

==>> NIFTY FOLLOWING CHANNEL PATTERN (EXCEPT ONE BREAK IN BETWEEN THE PATH)

==>> IF FOLLOWS THE CHANNEL, DOWNWARD ACTION IS EXPECTED FROM 5300/45 RANGE

==>> IF BREACHES, THEN DEGREE WILL CHANGE....AND UPWARD ACTION IS LIKELY TO TURN STRONGER

Bharat forge 4 july 2012 update----

T+2 Buy bharat forge------1st tgt done  314 made high 315.95

ORCHIDCHEM 28 JUNE 2012

 

jobbing: buy Opto cir all target done ......cmp 153.55

 

jobbing: buy Opto cir @ 150 with sl 148.5. tgts: 151.5-153-55

INTRA: BUY IRB 27 june 2012

INTRA: BUY IRB @ 124.85 AT DIPS TO 123.5. SL: 122.95. TGTs: 127-29