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
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.
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.
Bajaj Holding & Inv
Support at 954-956.
Sell on break below 950.
Target = 940-934-928.
Exit short above 956.
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