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Tuesday, June 12, 2007

* Buy BANK NIFTY on Declines with SL and GO SHORT in CNX IT with SL for 3-4 Days

* I F C I ! Bearish Breakout in EST Charts - Use Pullback to 48-49 for Booking Short Term Profit for Target 44

* R N R L ! Bearish Indications in Short Term Charts - Likely to Decline to 30 in coming Days

* RELIANCE PETRO ! Bearish Target of 93 Maintained - Use Pullback to 97 for Short Term Profit Booking

* SATYAM COMP. ! Strong support @ 482-484 / Failure to hold support may Target 460-462 in coming Days

* I T C ! Extreme Short Term Charts favour further Recovery to 159.50-160 / Use Declines to Buy with SL

* RELIANCE COMM ! Breaks Short Term Support - Charts favour further Decline to 490

* PUNJ LLOYD ! Strong Support @ 240 - Decisive Breakout of Support to target 225 in coming Days

* IDEA CELLULAR ! Moves Below Support BUT in Highly Oversold Zones - Use Technical Recovery to 121 for Booking Profit

* PETRONET ! Bearish Indications in Short Term - Another Close below 54.50 will Target 50 in Few Days

* ZEE ENT. ! Nearing Bearish Target of 272-274 / Ripe for Technical Recovery to 292 from Oversold Zones

* TATA MOTORS ! Recovery Targets of 696/ 720 Maintained - Buy Gradually on Every Decline with SL

* DISH TV ! Bearish Targets of 108 Maintained - Keep buying Gradually on declines with SL

* REDINGTON ! Minor resistance @ 230 - Bullish Crossover with Volumes to target 255+ in Few Days

* R O L T A ! Bearish Breakout - Move Below 434 will Target 415 in coming Days

* PENIN LAND ! All Indicators in favour of Decline to 465 / Use Technical Rally towards 510 for Profit Booking

* CENTURY TEXT ! Short Term Bearish Target of 525 Maintained - Use Pull Back Rally to 610+ for Profit Booking only

* GESCO CORP. ! Enters Highly Oversold Zones - Buy on Declines with SL for Target of 570/595

* ADLAB FILMS ! Strong support at 505 - Bearish Breakout with Volumes will Target 465 in Few Days

* BATA INDIA ! Highly Oversold in Extreme Short Term - Use decline to Buy for Target 176+

* N D T V ! Bearish Breakout in Hourly Charts - Heading for 350 in coming Sessions

* ORCHID CHEM ! Bearish Target of 230 Maintained - Use Pullback to 255 for Profit Booking Only

* SYNDICATE BANK ! Highly Oversold in extreme Short Term - Ripe for Technical Recovery to 76+

* I B REALEST ! Breaks Short Term support - Charts favour further Decline to 360

Posted by FR at 8:48 AM  

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IMPORTANT DISCLAIMER

Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.