Nifty - Where is my Independance ?

Dear All,

India Crossed 66th Independance Day Celebration. So do we got the real Independance ????

Lets have a Look ...

>>> NIFTY <<<

>Click the Chart to See it on Full Screen<

I think no more explanation needed today, as we have discussed more about it. Lets wait for a Break down at least to happen tomorrow.

>>> BANK NIFTY <<<

>Click the Chart to See it on Full Screen<

Bank Nifty - so far first deciding the trend - as shown on chart - if breaks above the green colored Line - a possible IHS break out and rally not ruled out. Else if breaks below the down line - fall for wave C for a Target of 9900.

Lets See!!!

Is this Real Inflation ??

Thanks to July Inflation data??? which was lower than expected 6.87 and hope raised from RBI that it may cut Interest Rate. Overall, food inflation declined to 10.06% in July, from 10.81% in June which added more hopes from RBI and Helped Nifty to Rally 32 Points.

>>>NIFTY<<<

Lot has been discussed about Nifty earlier - Sill can't able to close above 5386. The Give Chart shows a Inverted Head and Shoulder Pattern - a Close above 5386 for a Day or two may give effect, or else a fall as I was writing for last 10 days can't be avoided.

Any one new to this blog may refer earlier post for more clarity.

>>>> Adani Ent <<<<

Adani Enterprises - A Buy call given to Members @ 186 which Rallied upto 192.7 and Expecting a More rally in coming days too. One can Buy for short Term Rally which is a Safe Buy from current Levels for an Upmove upto 20-25% return in Short term.

>>> R-Com<<<

I'm Bearish on Rcom for quite some days - Gave a Sell call below 55.5 - after it touched 53.75 - Gave a Hand Some return as the lot size was 4000. Approx Rs.7,000. Even Now Stock looking very Bearish as I feel that a 3rd down wave is going on.

India's Number two Mobile Operator by Subscriber Based Company is Unable to raise capital to Manage its 7 Billion Debt - Scrapped its IPO Plan in Singapore for 1 Billion due to Choppy Market Condition

Now Rcom has applied for a Loan of 30 Bln from Indian Largest PSU Bank - State Bank of India and also need INR 10 Bln to meet its Capex need in Fin Year 2012-13.

Raising Uncertainty in Telecom Sector and falling Profit - Huge Capex Need and Biggest Debt made the company to look Unattractive and I feel it may touch 47 and even 42 in Short term.

Lets See. Cheers!!!

Nifty Views - 13.08.2012

Dear All,

>>>NIFTY<<<

>Click the chart to see in full screen<

Nifty bounced today on the later party of the trade with almost doubling its premium with out any strength on MACD. As wrote already 5386 should decide the trend.

Now the above chart explains how the downfall has been counted. For clarity i have given 5 min chart. Fall upto 5194 completed wave 1 and a retrace for sub 2 as abc is marked, a possible move upto 5366-73 should be marked as 2.

I think Nifty should fall from there with high intensity selling for wave 3. above 5386 this count invalid.

>>>SBIN<<<<

Many queries to me on messenger and email about SBIN after seeing weekly review. So Im updating the Latest chart with my view

>Click the chart to see in full screen<

As per above chart - its clear that SBIN on good support Zone - as its over sold and need to retrace - should move up to 1913 and 1947 - where it can start sliding once again. If start sliding as given may fall upto 1890 / 1837 and 1768 may be even 1680 in worst case sooner or later.

Cheers!!!

Weekly Review

Dear All,

Lets Review our Last Week Post on 04th of August and Let see what happen this week.

>>>Nifty<<< As given Last Week

As wrote last week about a Flag Patter or Reverse Head Shoulder.

Happened this Week

So whats Next Week for..

Nifty exhibiting a Clear Negative Divergence on MACD - shows selling may emerge at any point of time unless 5376 gets breaks with a strong volume.

But whats happening is similar to the Pattern discussed on 07th August as I wrote on "Time to be Cautious". You can also refer to by checking here

http://niftyforall.blogspot.in/2012/08/time-to-be-cautious.html

Lets See some of the Performance for Last Week:-

>>>Pantaloon<<<

03/Aug/2012 09:43:01): *****STOCK-ALERT***** PANTALOON
Sell & Hold at Cmp:164. SL above 169. Target 155 / 147 & 140.

(09/Aug/2012 13:33:09): *****N4A-STOCK-ALERT***** PANTALOON - 150.45. Sell given on 03rd Aug at 164. Profit so far 2000 X 14 = Rs.28000

>>>SBIN<<<

As given Last Week

Happened this week

See the Performance

(08/Aug/2012 14:38:33): *****N4A-STOCK-ALERT***** :-
Sell SBIN between 2080-90. SL above 2130. Target 2000 & 1930. (all Cash Levels Only)


10-08-12, 12-46-18 pm *****N4A-STOCK-UPDATE***** SBIN - All target achieved. Made a Low of 1922. Our Target 1930. Sell given on SBIN at 08th Aug - 2080. Book Full Profit. Profit 125 X 150 = Rs.18750. Hope all enjoy.

See the other stock performance :-

>>>RCOM<<<

8-08-12, 03-05-10 pm *****N4A-STOCK-ALERT***** :- Sell & Hold RCOM below 55.50. SL above 59. Target 52 / 47 & 42.

9-08-12, 09-56-26 am ****N4A-STOCK-UPDATE***** :- RCOM - Sell call Triggered. cmp:55.35.

9-08-12, 01-35-06 pm *****N4A-STOCK-ALERT***** Rcom Gone - 54.55. Sell given AT 55.50. Profit 1 X 8000 = Rs.8000 Only So far. Hold Rest for Target.

>>>>>Bank Nifty<<<<

9-08-12, 02-24-36 pm *****N4A-BANK NIFTY ALERT***** Sell BANK NIFTY near 10460-470. SL above 10510. Target 10420 / 10350 & 10280.

10-08-12, 12-49-37 pm*****N4A-BANK - NIFTY - UPDATE*****
Sell given on Bank Nifty at 10460 Yesterday. Achieved 2nd Target at 10350. Cmp:10335. Profit so Far. 25 X 110 = Rs.2750. Book 50% Profit.

>>>Chambal & Axis Bank<<<

9-08-12, 02-38-29 pm *****N4A-STOCK- ALERT***** Sell CHAMBAL FERT below 70. SL 71.5 (closing basis). Target 66 / 63 & 60 (all cash levels)

10-08-12, 09-46-01 am*****N4A-STOCK-ALERT***** Sell AXIS-BANK below 1080. SL above 1098. Target 1040 & 1000.

10-08-12, 01-07-29 pm*****N4A- STOCK-UPDATE***** Chambal Fert 69.20. Sell @ 70. Profit 8000 X 0.07 = 6400 AXIS BANK 1072. Sell at 1080. 8 X 250 = 2000

10-08-12, 01-15-59 pm *****N4A- STOCK-UPDATE***** AXIS BANK approaching first target 1040. cmp: 1048. profit 32 X 250 = Rs.8000. Enjoy

Potential Charts for Next Week :-

Possible Head Shoulder on IFCI - a break below the Trend line means - Free Fall.

IIP Vs RBI's Policy Action

Dear All,

IIP data as published today fell by 1.8 per cent versus 2.5 per cent in the month of May. Point here to watch is capital goods sector fell by 27.9% which looks very bad. Now RBI is under Pressure from India Inc to Cut Rates.

RBI is very clear that a Rate Cut at this Point of time is dangerous which may stoke Inflation, as controlling Inflation is the first Priority for it. As Monsoon also remaining as a threat, which may impact our GDP data along with inflation.

So what Mr. Chidhambaram need to tackle the situation - Is he ready to Kick start the Reforms Process -

Will he Reduce the Fuel Subsidy on Diesel and more on Petrol to reduce the fiscal deficit.

Will he pass the bill for FDI retail in Single Brand with the support of their Rebel coalition partner - Mamthaji and Mulayam ji.

What and when will be the GAAR be finalized - Dont forget that Same Mr. Chidhambaram when he was the FM in 2008 - made a Policy in sub Account - when Market had a 2 down circuit.

So the world Analyst and Economist keep on downgrading our Indian Outlook. Who ever it may be S&P or Moody or Fitch - no difference in them.

Moody's Investors Service becomes the latest to cut India's growth forecasts this week.

As already CLSA and Citigroup cut their outlooks for India to 5.4 percent and 5.5 percent respectively.

An Lack of Policy decision, RBI's non-ability to react, Poor Monsoon, Slow Growth and wide range of Corruption every where are the said reason behind these.

>>>> NIFTY <<<<<

>>>Click the chart to see in full screen<<<

As shown in the Chart - looks like a Reverse H&S - But I feel that when ever a IHS formed on the Upper side may not get succeed.

If Nifty keeps falling it must breach 5300 and 5270 to make this pattern invalid. But if gets support from here - then a rally of another 300 points not ruled out.

EW suggest that a fall is inevitable as I have posed on tuesday. Refer that for clarity. As per my count nifty should breach 5032 and should make a low upto 4900 to 4800.

Lets see tomorrow as friday is an week end closing. Cheers!!!

Bulls are Tiered ???

Dear All,

Now its time for Telecom Stocks to get battered. Vodafone already had a tussle with Tax issue, Reliance communication is in deep trouble for Credit crunch. After failure in Rcom's IPO for Flag Telecom in Singapore, it knocked the doors of SBI for 3000 Crore Loan. Now Airtel Results shows that its suffering to sustain on both top line and Bottom line.

During the time of 3G action telecom operators across india has bid for it to boost their Revenue - as they faced a neck to neck competition in the sector. It seems Private Operators had paid 51,000 Crores for bidding 3G - hopping that may increasing their profit. Many got license and started their service - now realized that they can't do nothing as Revenues are not increasing.

Result shows that the Interest shoot up more than the Revenue.

Rcom had a Debt of 28 times more than their Revenue.

Tata Tele too in trouble as it lost almost 10% of its customer in last 1 Year after it ties with

Airtel now paying a Interest of 4.2% which was 2% previous Year. Now Bharti Airtel is planning for a IPO - Bharti Infratel - its tower Unit.

Govt. had a Major role in Destroying this Telecom sector via - 2G Scam.

>>>>>Nifty<<<<<

>Click the Chart to see on Full Screen<

As wrote on Monday - Nifty today touched 5376 and fell down to 5331. As per Channels marked on Chart - every time when the channel end,Nifty retraced atleast 38.2% or 50% once a sub wave is completed. A fall below 5270 may confirm further weakness.

Cheers!!!

Time to be CAUTIOUS !!!

Dear All,

Every Day different types of Bad News - seems like Entire world market including Indian markets are not listening to it, kept moving up. But the real ticking bomb is major Blue chips around the world are showing some or to say it first time slow down. Example like Microsoft the IT Giant in US showed Negative Result after it came into Public. It shows that the victims are every where and all around the world. Standard Chartered is now on the lime light and facing trouble for its Iranian Transaction, earlier we know HSBC also in trouble.

In India Vodafone case is running with out an end. Many Indian Banks witnessing a raising in NPA and even may increase further - if drought get declared due to their larger exposure in Agri Loan. Liquidity also in trouble due to RBI's right control and uncontrollable Inflation & worst GDP Figures.

All these shows that the Storm is getting ready to blow, So every one should understand it and get yourself ready for it.

So what does Technical Says :-

It seems like Nifty forming a Flat Correction. As per theory - a 3-3-5 correction is in formation. If that is the Case - may be Nifty should move like as shown below

Pattern 1:-

Above pattern is a Flat Correction A-B-C - which means wave B wont move above Wave A top and the down fall for Wave C should touch the bottom of Wave A.

That means Nifty may touch 5032 for wave C.

Pattern 2 :-

In this pattern wave B should exceed top of Wave A and should fall for Wave C. In this Case Wave C should break the low of Wave A. Means Nifty may fall below 5032. Possible Target can be 4900 or even 4800 in worst case.

>>>Click the Chart to see it on Full Screen<<

Now lets try to understand whats here in Nifty. As shown on the above chart, Nifty today made a high of 5350, previous high is 5348. If we take this as similar to pattern 1, then a Fall for Wave C should start form here to touch 5032.

As I said Yesterday (Please refer yesterday Post in case you have not read that) Nifty should move near to 5378-80 level, in chart marked as Key Resistance in Green colored, then Nifty fall for Wave C could be aggressive - Possibly may break 5032 for a Target of 4800 or even 4900 in worst case.

So Interesting days ahead - Lets wait for it. Cheers

Good Start

Dear All,

Today Nifty Started the Week with a Gap up. After a Massive run up of world market last friday, Nifty reacted positively today. Problems are always there and keep continuing - Only Optimistic words from Mario Draghi or Angela Morkel or even our FM Chidhambaram in India running the Market to High every day.

>>>Click the Chart to see it on Full Screen<<<

Is there any thing changed fundamentally - the answer is NO. Fiscal Deficit / Inflation / Drought or even Prices or Petrol keeps on Increasing day by day. No concrete action from Govt., Only words, words, words - there is no differences between these leaders.

But Trade is different form all these Blaw Blaw Blaw...

As per chart today - Nifty is riding for a sub wave C.

So as per theory if A = C then A = 214 Points & C should Rally for 214 Point from 5164 which means we have a Target of 5378. Today almost completed 61.8% retrace of sub wave A means Nifty still have another 100 Point rally pending from today's close of 5274. So lets wait to see some more Green. Cheers

Weekly Update

Dear All,

On 31st July, have told you Nifty has to do sw(b) and the possible target upto 5107 or near to it.

Attached above is Updated chart as B wave is again divided as a-b-c, as I see there is a Head and Shoulder formation on chart, break below the trend line as marked may see 5107 as given earlier.

Attached is 5 min chart - shows clear picture of Head and Shoulder as MACD gives a Negative sign and support my view for 5107.

So is there any Alternative View, Yes

>>ALTERNATIVES FOR NIFTY<<<

Attached above is the Eod chart - As 50 & 200 dma took support at 5164 and the Trend line support suggest a possible upmove from here upto 5300 or more to fill the gap left above.

Hourly Chart also suggest a Reverse Head and Shoulder Plus a Bullish Pole Flag formation - which should give a Break out next week may target 5300+.

>>> Stock <<<>>>ICICI BANK <<

On 30th July Sell given on ICICI Bank as follows - have updated the chart also - Refer Our Earlier Post as given above chart...

(03/Aug/2012 09:35:10): *****STOCK-UPDATE***** ICICI BANK made a low of 945, below our first target 950. Sell given on 30th July at 970. Hold for second target 930 & 900 soon

Peformed as per below chart

>>>>Stock<<<>>>SBIN<<<

Earlier I have Posed SBIN on 20th July when it was at 2134 - SBIN made a Low of 1931

As per the above chart - SBIN may move up for sw(4) upto 2074 and may fall further for making a fresh low.

>>Stock<<<>>TATA MOTORS<<

Sell given on Tata Motor as on 20th July - near 223. Made a Low of 203 on 26th and still more to go on coming days as per given below

>>>Stock<<<>>>>PANTALOON<<<

We had an Excellent Profit on Pantaloon - As I not posted the Chart earlier - Posting the chart for the first time.

23 Jul, 2012 9:51:16 AM *****STOCK-ALERT***** Sell & Hold PANTALOON RETAIL below 177 for a Target of 169 & 162. SL above 184. (all cash levels)

26 Jul, 2012 10:59:49 AM*****STOCK-update***** PANTALOON all target achieved. Sell given on 23rd July @ 177. Cmp:162.50. Book Full Profit & Exit. Profit 14.50 X 2000 = Rs.29000/- Hope All enjoy the Call

>>>>Stock<<<<>>>>>CHAMBAL FERTILIZER<<<

Chambal Fertilizer - Not posed earlier - So attaching the chart for the first time - But send calls to clients..

23 Jul, 2012 1:21:24 PM *****STOCK-ALERT***** Sell CHAMBAL FERTILIZER Futures if breaks on cash below 73 for a Target of 70.40 / 67.30 & 63.30. SL above 75.

26 Jul, 2012 12:07:48 PM *****STOCK-UPDATE***** CHAMBAL FERTILIZER cmp: 70.50. Sell given on 23rd July @ 73. First Target achieved. Book 50% Profit. Profit So Far 2.50 X 4000 = Rs. 10,000/-

Also stock made a Low of 68 on 30th July (near 2nd Target) and also informed clients to Book More Profit, which I dont have that message now.

At Present Stock closed above 70 and even now the stock is a Sell on Rise Only.


Disclaimer :- All the above Charts on Nifty and Stocks are Purely baed on Technical's Only. I may change my views as per market conditions also. Readers of this Blog should understand the Risk before taking any position.

Happy Week end and Cheers!!!

Nifty - What Can be Next ?

Dear All,

Nifty not moving and stuck in a small range ??

So many got confused - What can be Next ???

Possibility 1 as per Hourly Chart :-

>>>Click the chart to See it on full screen<<<

From Feb to March, 2012 Nifty fell from 5629 to 5171 in just 13 Candles and Retraced upto 61.8% in just 4 Candles.

Same happened now as marked with a Box and Circle.

So Is Nifty going for a Fall Next as happened in Previous Session ???

If that is the Case then a Fall upto 5 to 6% may happen in Just 12 Trading Session ???

Possibility 2 as per Hourly Chart :-

>>>Click the chart to See it on full screen<<<

As per Attached Hourly Chart - Looks like a Inverted Head And Shoulder.

If that is the case - then a fall upto 5150 to complete sw(b) and may shoot up above 5240 and may complete sw(c) - for a rally for another 200 Points may not ruled out.


>>> Axis Bank <<<

>>>Click the chart to See it on full screen<<<

If Axis Bank has given a Break out - Get ready for a Rally- But wait for a day or two since volume is not supporting and Indicators are still silent.

Nifty Confused ?

Nifty to face a Key Resistance at 5257.75.

Above 5 Min chart shows that Nifty is passing on the Trend Line. But todays Negative divergence suggest that the trend line may get broken tomorrow.

The course of further movement on Nifty is explained on Yesterday's Post. Refer

http://niftyforall.blogspot.in/2012/07/no-crr-cut-then-where-is-bear.html

No CRR Cut - then Where is the Bear ?

>>>NIFTY<<<

>>>> Click the chart to see it on full screen <<<<

Todays upmove looks like a 1-5 pattern, in such a case - the On going B wave is again forming a A-B-C. As marked on chart sw(a) got completed near 5233 and may fall upto 5107 to fill the first gap and to complete sw(b) and may raise upto 5280 or 5302 to complete B wave.

>>>ICICI BANK<<<

(30/Jul/2012 11:43:08): *****STOCK-ALERT***** Sell & Hold ICICI BANK near 970. Cmp:968. Target 950 & 930. SL above 983.(all cash levels)

31-07-12, 11-40-31 am ****STOCK-UPDATE***** Sell ICICI BANK given Yesterday on 968. Low made 952.70 - almost near our first Target 950. Hold for Next Target. Profit so far 16 X 250 = Rs.4000. Enjoy

RBI Rate Cut Buzz - Nifty Jumps 100 Pts

Nifty Jumped 100 Point on hope of RBI may cut Interest Rate tomorrow. along with European Markets ran high on Hopes from FED & ECB may do some thing positively for Sinking Euro nations like Greece & Spain.

As a Result Nifty breached 5169 and invalid the Previous count of 1-5. So now ABC come into effect as given on chart above. As such the On going wave should be B.

5217-19 seems to be a strong resistance, if breaks then may see an upmove upto 5228 & 5280.

Unable to cross may test support levels like 5190, 5150, 5077 & 5032.

Cheers!!!

Bear Domination

Even after Presidential Election Govt maintain its Silence - hence Stock market becomes nervous + 51 Securities removed from FnO - Resulted in Yesterday News of Margin Triggered - resulted in heavy sell off in Mid Cap stocks

Today rumour about drought declaration on Monday by Govt. and followed by Panic in PSU Bank Stocks as rumours of Agri Loans may get waved and fear of NPA may raise - as result SBI / Andhra Bank / PNB and Vijaya Bank got hammered. Bank Nifty lost all the gain in the Second part of the trade.

The above chart I have marked the two possibilites in next Week.

As marked on White Color :- Raise upto 5190 for 3(2), may be can break the channel and fill the gap left as marked on chart. In this Case sw(3) can once again Extend as it violate the sw(1).

As marked on Yellow Color:- Can come down to fill the gap left on the bottom (todays gap up) and may raise upto 5160 to complete sw4. This move is a Possible one.

Third Possibility may be sw(4) is completed and moving now for sw(5) as shown on chart.

Hence the conclusion is still more pain left next week also. As I have warned for last 1 month, Nifty is now really making a fall faster than expected.

Wish you all a very Happy week End. Cheers!!!

On the Line of Support - 5040

>>> Click the above thumbnail to see in full screen<<<

Attached above is Eod Chart. Today Important 50 & 200 dma broken decisively, means the Entire Picture turning slowly in favour of Bear. Also the Channel Pattern shows that Nifty may test 4900 or below.

>>> Click the above thumbnail to see in full screen<<<

Attached above is the 15 Mins Chart and marked all Extension waves, as Nifty has fallen with lot of extension waves. I feel this may help some beginners to learn also.

As per I feel that 3rd wave is not yet finished, and so 3(5) is still on. 5040 is the previous low made on 18th June, hence today Nifty able to close above 5040 means a Minor bounce back for tomorrow is not ruled out.

So our Readers of this blog who are in short should maintain intraday sl of 5093 and hold the Shorts.

As the Overall trend looks weak in favour of Bear, the Ultimate fall may be up to 4860 or near.

Hope all find usefull by reading this Blog.

Performance :-

krish_venkatesh (25/Jul/2012 12:14:17): *****STOCK-ALERT***** Sell & Hold if TATA STEEL breaks below 388 with a SL of 398 on closing basis. Target 377 & 366. (all cash Levels)


krish_venkatesh (26/Jul/2012 10:19:29): *****STOCK-ALERT***** ORIENTAL BANK (OBC) Sell if trades below 231 for a Target of 228 / 225 & 220. SL 237.


krish_venkatesh (26/Jul/2012 10:56:27): *****STOCK-update***** PANTALOON all target achieved. Sell given on 23rd July @ 177. Cmp:162.50. Book Full Profit & Exit. Profit 14.50 X 2000 = Rs.29000/- Hope All enjoy the Call

krish_venkatesh (25/Jul/2012 10:17:14): *****Stock Update***** NIFTY Sell given on 20th July @ 5210. Cmp:5100. Profit 50 X 120 = Rs.6000. Book atleast 50% Profit here and Enjoy

krish_venkatesh (26/Jul/2012 10:59:49): *****STOCK-update*****
SBIN cmp: 2060. Sell given on 20th July @ 2140. Book Full Profit & Exit. Call Closed. PRofit 125 X 80 = Rs.10,000.Hope All enjoy the Call

krish_venkatesh (26/Jul/2012 11:41:52): *****STOCK-UPDATE***** CHAMBAL FERTILIZER cmp: 70.50. Sell given on 23rd July @ 73. First Target achieved. Book 50% Profit. Profit So Far 2.50 X 4000 = Rs. 10,000/-

26-07-12, 01-43-44 pm *****Update****:- ORIENTAL BANK now 225. Achieved Second Target. Start Booking Profit. Profit So far 6X1000 = Rs.6000. Enjoy

26-07-12, 03-19-38 pm*****Update****:-Book Full Profit in Tata Steel 382 & Oreintal Bank (OBC) at 225 and Exit. Hope Enjoyed the Profit

Relief Rally ??

As said Yesterday, there is not change in today trade also as the Break out from the falling wedge still persist. If this is going to be the sw(4) then Nifty is moving towards 5167-69 as marked on chart as its the 50% retrace of the previous fall. As I feel the gaps are going to be left unfilled and may fall once it completes sw(4).

So if any readers of this Blog are in Short Position in Nifty then 5169 should be the Stop Loss. Break above this level may trigger a further rally to fill the above 2 gaps. Hence this wave counts become invalid and may change to ABC instead of 123.

Lets wait and see. Cheers!!!

Todays Performance :-

krish_venkatesh (23/Jul/2012 09:51:16): *****STOCK-ALERT***** Sell & Hold PANTALOON RETAIL below 177 for a Target of 169 & 162. SL above 184. (all cash levels)

krish_venkatesh (23/Jul/2012 10:38:28): *****STOCK-ALERT***** Sell & Hold TATA MOTORS Only Below 217 for a Target of 212 / 200 & 190. SL above 222 (all Cash levels)

krish_venkatesh (23/Jul/2012 13:21:24): *****STOCK-ALERT***** Sell CHAMBAL FERTILIZER Futures if breaks on cash below 73 for a Target of 70.40 / 67.30 & 63.30. SL above 75.

krish_venkatesh (25/Jul/2012 10:07:24): *****Stock Update***** TATA MOTORS Sell given on 23rd July @ 217. Cmp:212.50. First Target Achieved. Book atleast 50% Profit & Enjoy. Profit 5 X 1000 = Rs.5000

krish_venkatesh (25/Jul/2012 12:40:33): *****STOCK-UPDATE***** PANTALOON made a low of 168.80. First Target of 169 got achieved. Hold for Next Target 162. Others Book Profit. Sell given @ 177. Profit 8 X 2000 = Rs.16000. Enjoy

Chambal Fertlizer made a Low of 70.7 - Lot Size 4000. Sell given at 73. Profit so far 2.3 X 4000 = Rs.9,200.