DHARMESH BHATT
The only name in 100% pure technical analysis.
Email: shivaam2003@yahoo.com
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11th March 2010.
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17188 & 17027 crucial trend deciders.
5145 & 5092 crucial trend deciders for NF.
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BSE index: (17098) 17188 a solid resistance if it remains intact then expect heavy selling. Downward side break below 17027 it'll fall down to 16931 & there after to 16888-16872. Break below 16872 it'll heavily crash down to 16777.
Upward side crossover above 17188 it'll turn positive & surge up to 17280 & there after to 17340 & 17436.
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Nifty Future: (5120) 5145 a solid resistance if it remains intact then expect heavy selling. Downward side break below 5092 it'll fall down to 5059 & 5039. Break below 5039 further panic down to 5006 will be seen.
Upward side crossover above 5145 it'll turn positive & spurt up to 5167, 5184 & 5211.
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TULIP TELE: (904) Go short current futures considering 915 a solid resistance keeping stop loss of 926.
Expect it to fall down to 860 & 827 in hours only.
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ACC & AMBUJA: Looks good only. Expect 1029-1044 & 120.50-126.50.
L&T: (1576) Looks weak only. Remain short.
ONGC: (1090) Break below 1076 huge selling will underway.
CAN Bank & LIC HSG FIN: Buying on lower levels will be seen.
BRFL: (215) Crossover above 218 rocket like up move will be seen.
STERLITE: Looks weak.
GT OFF: (435) 429 a solid support if it remains intact then buying will be seen.
HP, BP & IOC: Sell.
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SMS sent yesterday:
At 09:26 am...Buy AMBUJA CEM fut. @ 116 sl 113 tgt 120.50 & 126.50. (The stock fut. then moved up to 117.50.)
At 09:27 am...Sell or remain short in L&T fut. @ 1594 sl 1619 tgt 1515-1496. (The stock fut. then fell down to 1568.)
At 12:49 pm...Sell NIFTY fut. @ 5111 sl 5145 tgt 5040. (NF then fell down to 5100 & remained range bound.)
At 12:55 pm...Sell STERLITE fut. @ 802 sl 810 tgt 779. (The stock fut. then fell 789.)
At 13:00 pm...Sell PTC fut. @ 113.25 sl 116.50 tgt 107. (The stock fut. then fell down to 112 & remained range bound.)
At 13:06 pm...Sell WEL GUJ fut. @ 264.50 sl 270 tgt 251 & 246. (The stock fut. then remained range bound.)
At 15:19 pm...Remain long in AMBUJA fut. Rest keep stop loss of 17188 & 5145 & remain short.
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IMP DISCLOSURE: As an investment & trading consultant, my clients may be having positions in above mentioned stocks. I personally, my family, relatives & friends also may have positions in above mentioned stocks.
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IMP DISCLAIMER: Above matter is technical analysis based on & conceived from charts, which are believed to be authentic over long long time. One should think of own risk first before implementing on above analysis. The author won't be liable or responsible for any legal or financial losses made by anybody.
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