All Indicators facvour further rise to 114-115 - But Overbought in EST

Gainers / Losers & Stocks with Spurt in Volume (Min Avg Volume >50000/Day)
Scrip | Close | L.Close | Change% | Scrip | Volume | 3 Days Avg Volume | Vol Change (Times) |
Gainers | Volume Toppers | ||||||
SHR RENUKA SUGARS | 1098.35 | 883.45 | 24.33 | RELIANCE INFRAST | 329274 | 113434 | 2.90 |
NOIDA TOLL BRIDG | 43.05 | 36.30 | 18.60 | GTC INDS | 150784 | 52037 | 2.90 |
SAKTHI SUGARS | 74.65 | 65.65 | 13.71 | BHARAT ELEC | 117943 | 55069 | 2.14 |
BAJAJ HINDUSTAN | 236.90 | 208.45 | 13.65 | BALLARPUR INDS | 1611263 | 789109 | 2.04 |
MCLEOD RUSSEL | 71.25 | 62.70 | 13.64 | SHR RENUKA SUGARS | 1614375 | 793361 | 2.03 |
INDIABULLS FIN SERVICES | 536.50 | 475.00 | 12.95 | SOBHA DEVELOPERS | 93721 | 47369 | 1.98 |
CHAMBAL FERT | 51.50 | 46.00 | 11.96 | ORCHID CHEM | 526933 | 278030 | 1.90 |
STRIDES ARCOLAB | 150.75 | 135.55 | 11.21 | GAMMON (I) | 200981 | 106551 | 1.89 |
KOTAK MAHINDRA BANK | 673.45 | 606.65 | 11.01 | UNITED PHOSPHORU | 432490 | 230253 | 1.88 |
DLF | 750.00 | 678.70 | 10.51 | TOURISM FINANCE | 144370 | 83550 | 1.73 |
TRIVENI ENGG | 126.90 | 115.15 | 10.20 | SAKTHI SUGARS | 819430 | 482828 | 1.70 |
Losers | HIND OIL EXPLORA | 2189974 | 1293870 | 1.69 | |||
RAIN CALCING | 67.15 | 69.80 | -3.80 | MCLEOD RUSSEL | 422444 | 254381 | 1.66 |
SUN PHARMACEUTIC | 1239.15 | 1284.40 | -3.52 | STRIDES ARCOLAB | 54677 | 33575 | 1.63 |
SATYAM COMPUTER | 396.15 | 409.60 | -3.28 | SYNDICATE BANK | 1695942 | 1052615 | 1.61 |
TATA MOTORS | 653.30 | 674.80 | -3.19 | GHCL | 1270457 | 792872 | 1.60 |
MARUTI UDYOG | 866.65 | 895.05 | -3.17 | NOIDA TOLL BRIDG | 2553605 | 1597741 | 1.60 |
HERO HONDA | 735.60 | 757.15 | -2.85 | IVRCL INFRA & PROJECTS | 904289 | 565868 | 1.60 |
DR. REDDY'S LABS | 560.05 | 575.90 | -2.75 | SATYAM COMPUTER | 5970849 | 3740033 | 1.60 |
HCL TECHNOLOGIES | 265.30 | 272.10 | -2.50 | GAS AUTHORTY (I) | 2829595 | 1783116 | 1.59 |
CIPLA LTD | 195.60 | 200.55 | -2.47 | INFOSYS TECHNOLO | 2005428 | 1286052 | 1.56 |
WIPRO LTD | 393.20 | 402.50 | -2.31 | ANDHRA SUGARS | 87352 | 56246 | 1.55 |
Bar Reversal Up/ Down, Engulfing in Daily Chats (Min Avg Volume >100000/Day)
Scrip | Scrip | Scrip | Scrip |
Bar-Up | Bar-Dn | Eng-Bull | Eng-Bear |
RELIANCE CAPITAL | STEEL AUTHORITY | RELIANCE CAPITAL | TATA MOTORS |
KOTAK MAHINDRA BANK | PUNJAB NATIONAL BANK | LARSEN & TOUBRO | BALLARPUR INDS |
UTI BANK | EDUCOMP SOLUTIONS | SHR RENUKA SUGARS |
|
HIND LEVER | TATA CHEM | KOTAK MAHINDRA BANK |
|
RELIANCE INFRAST | BHARAT ELEC | IDFC |
|
UNITED PHOSPHORU | RAIN CALCING | SIEMENS LTD |
|
SOBHA DEVELOPERS | POLARIS SOFTWARE | INDIA CEMENTS |
|
CESC LTD | GTC INDS | IDEA CELLULAR |
|
LUPIN LABS | FEDERAL BANK | PRAJ INDS |
|
DHAMPUR SUGAR MI | CEAT LTD | GAMMON (I) |
|
MPHASIS |
| CESC LTD |
|
What the Charts Foretell
(FOR Short Term Investors)
* NIFTY/ SENSEX !
Minor Resistance at 4915 - Use Corrective Declines for Fresh Buying
Be Scrip and sector Specific - Book Part profit in stocks Rising for 2 Days and Buy Oversold Stocks
* IND. CEMENTS !
Target of 215 & 220 maintained-Use corrective declines for fresh buying with SL
* HDFC LTD. !
At crucial support of 2500-2 close below support can wipe off Rs.200/- in coming sessions
* WIPRO !
Oversold with positive divergences-Ripe for recovery to 415 likely
* TCS !
EST charts in favor of rise to 855+ in near term-Use declines for fresh buying with SL
* IVRCL INFRA !
Bullish breakout in EST charts-Likely to cross 480 in near future
* MARUTI UDYOG !
Bearish breakout in EST charts-But ripe for technical recovery to 875+
* DEEPAK FERTILIZERS !
Sharp rise from 82 to 105.7 in 2 sessions-Minor decline to 99-100 likely
* JP ASSOCIATES !
Target of 285+ maintained-But ripe for decline to 239-240
* JP HYDRO!
Enters overbought zones in hourly charts-Minor decline to 58-58.5 on charts
* GMR INFRA !
Target of 165 achieved-Book part profit to re-enter below 157
* ICICI BANK !
Bearish but oversold-Ripe for technical recovery to 930 in coming sessions
* CAIRN INDIA !
Short term bullish target of 230 achieved-Another close above 232 may target 250 in near future
* SATYAM COMPUTER !
Short term support at 387-Bearish breakout ay wipe off Rs.50/- in coming days
* BAJAJ HIND. !
Overbought in hourly charts-Ripe for corrective decline to 226-227
* PFC !
Target of 180 mantained-Corrective decline to 164-165 likely
* RELIANCE INDS. !
Minor resistance at 2360-Corrective decline to 2300 likely
* CIPLA !
Bearish indications in EST charts-Further decline to 185-186 likely
* TATA STEEL !
Mildly bearish in hourly charts-Decline to 800-802 indicated
* HIND. OIL !
Bullish but overbought-Ripe for decline to 101-102
* ADLABS FILMS !
Short term indicators in favor of rise to 730 in near future-Buy on declines with SL
* RPL !
Overbought in EST charts-Corrective decline to 158-159 likely
* NAGARJUNA FERTILIZERS !
Overbought in EST charts-Minor decline to 39.5 on charts
* ESSAR OILS !
Sharp rise from 200 to 250 in 2 trading sessions-Corrective decline to 236 & 227 likely

Recommendations for 12.03.2008
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). IVRCL (Or Fut) : Buy 1000 Shares (500 at opening + 5x1100 at Fall of every Rs2/- ) in ' Investment A/C' . Target 480+. Avg SL Rs10/-.
2). Wipro. (Or Fut) : Buy 800 Shares (400 at opening + 4x100 at Fall of every Rs10/- ) in ' Investment A/C' . Target 855. Avg SL Rs20/-.
3). Renuka Sugar (Or Fut) : Sell 500 Shares (250 at opening + 5x50 at Rise of every Rs10/- ) in ' Investment A/C' . Target 1050. Avg SL Rs25/-.
----- With due apologies and full credits to Kalpataru
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