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Stock Market Guesstimate: BankNifty Spot, JP Associates, Emami Ltd, LIC Housing finance & Bajaj Holding & Investment

BANK-NIFTY

BankNifty Spot

Support at 12290-12270.

If trades above 12330 for 20 minutes

then expect rally up to 12344-12365.

Crucial support at 12230-12250.

JP- Asso

JP Asso

This counter has started correcting

 from 106.70 high on 12.12.12.

It has completed 161.80 % Retracement

(measuring from low at 84.60.

on 21.11.12 to high at 106.70 on 12.12.12.

69-71 is a good support zone.

Trader can enter long in this region with

price expectation of 76-79 area.

Emami Ltd.

Closing : 622.

On 12th Feb 13 made breakout of 600 region.

Since then consolidated for 3-4 sessions.

Traders can enter long with sl below 613 for

Target at 644-652.

LIC HOUSING FIN

LIC Housing fin.

This counter kissed 300 on 02.01.13

since then witnessed sharp fall.

As per fib ratios 242-240 is good support zone.

( Measuring 261.80 % ret from 290.45 high

on 04.02.13 to 272.45 low on 24.01.13).

During this pullback price may rally up to 250-254.

BAJAJHLDNG

Bajaj Holding & Inv

Support at 954-956.

Sell on break below 950.

Target = 940-934-928.

Exit short above 956.

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Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

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