BANKING STOCKS LOOKS AGAIN WEAK…SBI’S RESULT WILL DECIDE BANK NIFTY’S TREND…!!! NIFTY / Last close: 6140 For next week NIFTY has strong support at 6115 level, below this level will create panic up to 6080---6030 levels. On the upper side NIFTY will face resistance at 6210 levels, cross over & close above will take it to 6270 level. ARVIND LTD / Last close: 113.70 Stock is looking hot on daily & weekly chart. One can buy this stock on dips keeping stop loss of Rs.108. On the upper side stock will zoom up to 117 level, cross over will take it to 121---130 level in next 2 to 3 weeks… ADANI ENTER / Last close: 216.40 Stock is looking explosive on chart. One can buy this stock on dips around Rs.212---213 keeping stop loss of 206. On the upper side stock will zoom up to 221 level, cross over will take it to 229 level soon… NTPC / Last close: 151.50 Stock is looking hot on chart. We are highly bullish on this stock. One can buy this stock on dips around Rs.150 keeping stop loss of 146. On the upper side stock will zoom up to 157 level, cross over will take it to 162 level soon… TATA STEEL / Last close: 355 Since Rs.225 we are highly bullish on this stock. It has already made inverse head and shoulder pattern which is bullish in its nature. One can buy this stock around 350 keeping stop loss of 340. On the upper side stock will zoom up to 363 level, cross over will take it to 368---377 levels in coming days… RANBAXY / Last close: 421 Uptrend continues in this stock. One can buy this stock keeping stop loss of 406. On the upper side stock will zoom up to 433 level, cross over will take it to 448 levels in coming days…
Posted on: Sun, 10 Nov 2013 09:50:29 +0000
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