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Yesterday sent mail to subscribers for bearish setup
Reliance Ind short: 881-882
and
booked at 875-874
Parsvanath Developers
Support at 41.20
Buyers zone at 41.8-42.5
Our Target above 43 is 44.65-46.
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Banknifty spot
Bears will be strong below 12660.
Break below 12523 Expect nonstop
panic up to 12419-12331-12226.
ONGC
Below 330 Bears will dominate the short term trend.
Break below 324 except slide up to 320-318.
Shri Ram Transport fin.
Buyers zone at 768-764
Expect Bounce up to 780
Support at 767-763.
Break below may take 754-744.
Tech Mahindra
Hurdle at 997-1005
If break below 984 and sustains for 20-30 minutes
then expect sell off up to 968.
PNB
Sell below 877
Non stop slide up to 862-855.
Exit short above 892
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Federal Bank
Hurdle at 510
Break below 501 may take 495.
Daily + weekly closing below 401
Expect slide up to 487.
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Bank Nifty Spot
Above 12708 Bulls have upper hand.
Hurdle at 12810-12828.
Crossover above 12842 may take up to 12875-12904.
Hurdle at 12900-12935.
Break below 12690 except slide up to 12600-12585.
Axis Bank
Resistance at 1430-1436
Trends looking tired at resistance zone.
Prices are diverging with Oscillators on short term trend.
If not able to sustain above 1435 then slide up to 1382 not ruled out.
Closing below 1478 may take lower up to 1350 in non-stop slide.
Decisive break above 1435 blast up to 1457-1457.
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