NIFTY IS TAKING A BLOOD BATH BUT WE ARE ENJOYING AS WE HAVE ALREADY EXITED ALL OUR POSITION ON 10.01.2011 AT 10:30 A.M. WHEN NIFTY WAS AT 5883.10. NOW NIFTY IS AT 5253.55.
HOWEVER, WE THINK THAT EITHER CORRECTION OR RALLY CAN NEVER GO ON IN A SINGLE DIRECTION. IT HAS TO PAUSE AND RETRACE A LITTLE BIT SO THAT IT AGAIN GAIN MOMENTUM IN THE DIRECTION IT WAS ALREADY GOING.
HERE, WE WOULD LIKE TO STATE THAT NIFTY IS LOOKING HUGELY HUGELY OVERSOLD. WE EXPECT A DEAD CAT BOUNCE WHICH CAN TAKE NIFTY TO 5346, 5389 AND 5422 WITH A STOPLOSS OF 5180.
U CAN ALSO LOOK AT INDIVIDUAL STOCKS:
1. IVRCL INFRA - 64 SL 58 T 73, 78, 84
2. UNITY INFRA - 62 SL 59 T 66, 69
3. MAN INFRA - 127 SL 115 T 143, 148
4. ABAN - 525 SL 480 T 588, 623
5. AUTOLINE - 151 SL 144 T 159, 164
6. REL INFRA - 532 SL 490 T 582, 598, 619
7. RCOM - 94 SL 88 T 100, 104, 109
8. DIAPOWER - 145 SL 138 T 154, 159
9. PROVOUGUE - 35 SL 32 T 39, 42
10.SREI INFRA - 72.50 SL 69 T 76, 79
11.DENA BANK - 89 SL 86 T 94, 97
12.CENTRAL BANK - 142.50 SL 138 T 148, 154, 158
HOWEVER, WE THINK THAT EITHER CORRECTION OR RALLY CAN NEVER GO ON IN A SINGLE DIRECTION. IT HAS TO PAUSE AND RETRACE A LITTLE BIT SO THAT IT AGAIN GAIN MOMENTUM IN THE DIRECTION IT WAS ALREADY GOING.
HERE, WE WOULD LIKE TO STATE THAT NIFTY IS LOOKING HUGELY HUGELY OVERSOLD. WE EXPECT A DEAD CAT BOUNCE WHICH CAN TAKE NIFTY TO 5346, 5389 AND 5422 WITH A STOPLOSS OF 5180.
U CAN ALSO LOOK AT INDIVIDUAL STOCKS:
1. IVRCL INFRA - 64 SL 58 T 73, 78, 84
2. UNITY INFRA - 62 SL 59 T 66, 69
3. MAN INFRA - 127 SL 115 T 143, 148
4. ABAN - 525 SL 480 T 588, 623
5. AUTOLINE - 151 SL 144 T 159, 164
6. REL INFRA - 532 SL 490 T 582, 598, 619
7. RCOM - 94 SL 88 T 100, 104, 109
8. DIAPOWER - 145 SL 138 T 154, 159
9. PROVOUGUE - 35 SL 32 T 39, 42
10.SREI INFRA - 72.50 SL 69 T 76, 79
11.DENA BANK - 89 SL 86 T 94, 97
12.CENTRAL BANK - 142.50 SL 138 T 148, 154, 158
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