Thursday, September 12, 2013

Support 5800, 5720 & 5657

Dear All,

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As wrote and cautioned yesterday, Nifty started falling down. Support 5800, 5720 and 5657. Lets See.

>>> AMBUJA <<<

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Ambuja facing Resistance near 187, if not crossed then expect more fall in coming days. All my clients holding short with Part Profit booked at 180 for Rs.10,000/-. More fall likely.

>>> YES BANK <<<

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Yes Bank ready for more fall. We had a short on Yes Bank and Booked First Target at 272 or Rs.6000/-. Though More fall likely in this counter.

>>>> TITAN <<<<

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Titan looks weak and if trades below the channel as shown on chart, should fall more. We had a Sell call and booked Part Profit for Rs.5000. Lets See.