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ESNMURTY
White Belt
Joined: 31 Oct 2009
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Post: #196  Posted: Sun Jan 15, 2012 11:13 pm Post subject: ongc |
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| Hi, Ongc if goes below 256 might go down to 241 |
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psalm
Black Belt
Joined: 12 Nov 2011
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| Post: #197 Posted: Sun Jan 15, 2012 11:31 pm Post subject: Sesa Goa |
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| ridinghood wrote: | hi psalm
how do u see sesa move now that it has drifted down a little from 191.75 to near 186.
regs ridinghood |
The most important support on the downside for Sesa Goa is 167. However, i dont think it will be broken at this point of time. I expect the stock to test 205 in a week or two. The first support now will be around 178 and then 172. That means if you are interested, you can buy it around 179 with a stoploss at 178 or buy it in the range 172.5-168 with stoploss below 167. The targets of 192 and 205 can be expected. Above 205, the next target is 225. One can take positions according to their own impressions and risk appetite.
NOTE: I expect the market to consolidate for 2 or 3 days before moving up. The intraday SELL-OFFs can be used to create LONG positions in the next few days. This is my outlook of the market.
Regards
Sam |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #198 Posted: Sun Jan 15, 2012 11:48 pm Post subject: Re: ongc |
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| ESNMURTY wrote: | | Hi, Ongc if goes below 256 might go down to 241 |
Its better to avoid ONGC at this point of time. I dont expect the stock to move a lot from here in either direction. The stock has resistance in the range 265-269 and support in the range 256-248. I'll avoid this stock for trading as of now.
Regards |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #199 Posted: Mon Jan 16, 2012 12:24 am Post subject: KEC International |
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| ESNMURTY wrote: | | GSPL,SHALIMAR,KEC,ALBK,CROMPTON AND SADBHAV ENGG All in small qty |
Hi Murty,
The stock KEC International is currently around 47. The stock has support at 43 and resistances at 47.50/50/55/59/68. However, I dont expect the stock to break 62 levels so easily.
Note: I have given my opinion about all the other stocks already 
Regards,
Sam |
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #200 Posted: Mon Jan 16, 2012 9:28 am Post subject: BAJAJ CORP |
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Hi Psalm,
BAJAJ CORP now at98.75 may move up to 104-106 and 118 |
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psalm
Black Belt
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Posts: 5368
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| Post: #201 Posted: Mon Jan 16, 2012 9:49 am Post subject: Re: BAJAJ CORP |
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| ESNMURTY wrote: | Hi Psalm,
BAJAJ CORP now at98.75 may move up to 104-106 and 118 |
Hi Murty,
Bajaj Corp will face stiff resistance around 105. Even if it break that level, 110 and 115 will attract more supplies. But 105 is the level to watch. On the downside 97 will add support now.
NOTE: I'll avoid this stock for trading, at least for the time being. But I might be wrong. 
Regards |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #202 Posted: Mon Jan 16, 2012 10:20 am Post subject: Dr Reddy's |
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Dr Reddy's,
The stock has support around 1620. If gone below this level, the stock might witness more selling pressure. I believe one can buy this stock around 1620 with Stoploss below 1615 for a target of 1675. If the stock goes above 1675-1680 levels, you can expect further buying and hence higher levels.
NOTE: All the levels mentioned here are spot prices |
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #203 Posted: Mon Jan 16, 2012 10:27 am Post subject: Re: BAJAJ CORP |
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| psalm wrote: | | ESNMURTY wrote: | Hi Psalm,
BAJAJ CORP now at98.75 may move up to 104-106 and 118 |
Hi Murty,
Bajaj Corp will face stiff resistance around 105. Even if it break that level, 110 and 115 will attract more supplies. But 105 is the level to watch. On the downside 97 will add support now.
NOTE: I'll avoid this stock for trading, at least for the time being. But I might be wrong.
Regards |
I think there could be a trend reversal in the stock |
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #204 Posted: Mon Jan 16, 2012 10:38 am Post subject: AREVAT&D |
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| AREVA T&D --is heading to 200 ? |
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #205 Posted: Mon Jan 16, 2012 10:52 am Post subject: stocks |
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| Hi, Chennai petro is it looking for an upmove? |
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ridinghood
Yellow Belt
Joined: 16 Apr 2009
Posts: 724
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| Post: #206 Posted: Mon Jan 16, 2012 12:00 pm Post subject: |
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thnx psalm for ur detailed update on sesa
regs
ridnghood |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #207 Posted: Mon Jan 16, 2012 1:58 pm Post subject: AREVAT&D |
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| ESNMURTY wrote: | | AREVA T&D --is heading to 200 ? |
Hi Murty,
Areva T&D is currently trading around 180. Its better to buy this stock upto 173 levels (if it reaches there) with stoploss below 170 for targets of 185 and 215. The area 185-190 will be a minor resistance area. The move will gather momentum once crossed above 185-190 range. I wont be surprised if the stock tests 225-230 in the short run.
Regards,
Sam |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #208 Posted: Mon Jan 16, 2012 1:59 pm Post subject: Chennai Petroleum |
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| ESNMURTY wrote: | | Hi, Chennai petro is it looking for an upmove? |
Chennai Petroleum:
One can buy this stock in the range 163-160 with a stoploss below 159 for targets of 172-195. There could be some supply in the range 172-175, once this range is broken, then the stock will have more momentum to take it to 195 levels.
Regards |
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #209 Posted: Mon Jan 16, 2012 2:01 pm Post subject: |
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| ridinghood wrote: | thnx psalm for ur detailed update on sesa
regs
ridnghood |
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #210 Posted: Mon Jan 16, 2012 2:08 pm Post subject: Re: Chennai Petroleum |
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| psalm wrote: | | ESNMURTY wrote: | | Hi, Chennai petro is it looking for an upmove? |
Chennai Petroleum:
One can buy this stock in the range 163-160 with a stoploss below 159 for targets of 172-195. There could be some supply in the range 172-175, once this range is broken, then the stock will have more momentum to take it to 195 levels.
Regards |
Thanks Psalm.... |
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