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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.

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 is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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