Indian Hotels

Delivery volumes in the stock have been shown for the last 2 months and appear to show that Friday 29 May 2009 showed 18 million shares traded out of which 11 million were marked for delivery. There appeared to be no block deal on the NSE nor any bulk buying was mentioned to he stock exchange. These volumes were the highest in this time period. The stock appears to have taken an immediate support at 61.6 and if 64 is held well, 71 will be the immediate target, 81 the next punter target and 89 can be the 0.382 fibonacci retracement target.
Ideally what happens is the punter will never let you make money and will always try to fool you via his fake buys or sells. One has to be cautious of this approach as well as in general the market has run a healthy rally and is running and running still.

Date	Traded Qty	Deliverable Qty	% Dly Qt to Traded Qty
04/01/09	775087	393373	50.75
04/02/09	2753692	1699425	61.71
04/06/09	3387014	2683285	79.22
04/08/09	1947009	1246303	64.01
04/09/09	2898553	1796549	61.98
04/13/09	1826422	1061379	58.11
04/15/09	1628997	1020483	62.64
04/16/09	1616558	934204	57.79
04/17/09	1006396	663623	65.94
04/20/09	776430	500230	64.43
04/21/09	656490	427310	65.09
04/22/09	397235	176867	44.52
04/23/09	2243066	1668203	74.37
04/24/09	407350	194693	47.8
04/27/09	971999	654898	67.38
04/28/09	514997	344859	66.96
04/29/09	1698387	1227553	72.28
05/04/09	1943690	1240303	63.81
05/05/09	2051372	1107656	54
05/06/09	2979540	1736745	58.29
05/07/09	859285	412954	48.06
05/08/09	1447287	828442	57.24
05/11/09	594364	277588	46.7
05/12/09	2265242	1228062	54.21
05/13/09	1185229	656123	55.36
05/14/09	1981258	1258542	63.52
05/15/09	962201	425449	44.22
05/18/09	7107	7096	99.85
05/19/09	3377427	1951046	57.77
05/20/09	2731075	1284429	47.03
05/21/09	1751432	930164	53.11
05/22/09	1894966	1208079	63.75
05/25/09	1566430	986504	62.98
05/26/09	3598225	2753488	76.52
05/27/09	2612368	1900086	72.73
05/28/09	2355776	1674264	71.07
05/29/09	18326626	11786739	64.31