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Friday 26 October 2007

Reports ----- for Friday 26th

What the Charts Foretell
(FOR Short Term Investors)


* NIFTY/ SENSEX !
Nifty - Minor Resistance at 5600 - Chances of making Another Top @ 5750 Likely
Bank Stocks getting Highly Overbought - Book Part Profit before any sharp decline

* I F C I !
Strong resistance at 92-92.5 /Bullish crossover with volumes may target 110+ in coming days

* RELIANCE PETRO !
Fails to cross above 193/ Fresh buying on bullish crossover for target of 210

* PETRONET !
Short term resistance at 84/ Buy on bullish breakout for target of 97-100 for few session

* IDBI !

Mildly bearish in short term charts- Book part profit to renter below 135 in few session

* GTL INFRA !
Breakout from bullish pattern EST charts- Use decline to buy SL of Rs. 40 and target of 51

* PUNJ LLYOD
Intra day bullish target achieved -Now indicators in favor of rise to 480 in coming weeks

* VOLTAS LTD !
Strong resistance at 185 - 2 close above 185 will target 215 in near future

* IDEA CELLULAR.
Heading for 160+ in short term - Use every decline for fresh buying

* STERLITE INDS !
Heading for Triple Top at 956 - Expect an up move of Rs.100/- on bullish crossover

* RELIANCE CAPITAL !
Highly overbought with negative divergences -Book part profit to reenter below 1715

* UNITECH . !
Extremes short term resistance at 358- Likely to cross 400 on clearing of resistance with volume

* BANK OF INDIA !

Extreme short term charts in favor r of further decline to 289- Use every rise for short term profit booking

* S.KUMARS !
Heading for 140 in short term - Buy on every decline towards 127 with SL

* VSNL !
Medium Term Target of 700+ maintained - Buy on bullish crossover above 562-565

* YES BANK !
Bearish Target of 196-197 maintained - Book profit on rallys to renter

* ROLTA INDIA !

Heading for 750+ / Use corrective decline towards 670 for fresh buying

* BHARAT FORGE !
Short term indicators in favor of rise to 345- Buy on every decline with SL

* SUZLON ENERGY !
Target of 2100+ maintained- Fresh buying only if stocks prices moves above 1950

* TCS !
Highly oversold in EST charts - Likely to cross 1082 and 1110 in EST

* JSW STEEL !
Overbought with negative divergences -Book part profit to renter below 925

* HPCL !
Bullish pattern in making - Likely to cross 250 in coming session

* AFTEK LTD !
Minor resistance at 72-73/ Bullish breakout with volumes may target 80+


* AIR DECCAN . !
Getting ready for an up move of Rs.10/-/ Buy above 150 with SL of Rs.5/-



FRESH RECOMMENDATIONS

Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally High and Avoid SELLING if prices open too low.

1). GTL Infra (Or Fut) : Buy 4000 Shares (2000 at opening + 5x400 at Fall of every Rs0.50/- ) in ' Investment A/C' . Target 51+ Avg SL Rs3/-.
2). Punj Lloyd (Or Fut) :Buy 1000 Shares (500 at opening + 5x100 at Fall of every Rs1/- ) in ' Investment A/C' . Target 440 & 480+ Avg SL Rs10/-.
3).
Rel Capital (Or Fut): Sell 500 Shares (200 at opening + 3x100 at Rise of every Rs10/- ) in ' Trading A/C' . Target 1725+ Avg SL Rs25/-.
4).
VSNL (Or Fut): Buy 500 Shares (250 at opening + 5x50 at Fall of every Rs4/- ) in ' Investment A/C' . Target 700+(Medium Term). Avg SL Rs20/-.



Bulls & Bears (Technically Speaking)

IFCI heading for 110

Suzlon heading for 2100


----- With due apologies and full credits to Kalpataru -----

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