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Just see how Petronet, Gail , Divis Lab etc
traded as yesterday as mentioned in our yesterday post
Bank Nifty spot
Below 11411 see bloodbath up to 11336-11311.
Hurdle at 11562.
Axis Bank
Sell on rise or break below 1333
See non stop slide up to 1305.
Torrent Power
Sell Torrent power at 162
Stoploss above 164
Target = 159-158
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.
Banknifty spot
Bears will kill 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 breks 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
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.
12680-12725 short term hurdle.
Crossover above 12725 may revive strength and
march upward up to 12790-12820.
Major support at 12580-12600.
Decisive break below 12580 may take it up to 12461 in panic.
Bank Nifty Spot
Hurdle at 12754.
Sell on rise.
Minor support at 12580.
Break below 12580 with closing may
take it up to 12406-12226.
