DHARMESH BHATT The only name in 100% pure technical analysis. Email: shivaam2003@yahoo.com

3rd September 2010

Total stock specific approach advisable 5510 & 18356 crucial hurdles to watch out for

BSE index: (18238) 18191 a nearest support. Upward side 18356 a crucial hurdle crossover above which it'll surge up to 18443-18455 initially. Crossover above 18455 it'll sustain on higher levels & spurt up to 18497 & 18584. Downward side break below 18191 it'll fall down to 18075-18000 on intra day basis, keep stop loss of 17987 to your overall buys.

Nifty future: (5490) 5510 a crucial hurdle crossover above which it'll surge up to 5531, 5543 & 5563. Downward side 5461 a nearest support break below which it'll fall down to 5430-5424, where buying support will be seen, keep stop loss of 5409 to your buys.

APOLLO TYRES: (82.30) Crossover above 84.25 it'll spurt up further to 87.50 & 89.50. 80-79 solid support. EXIDE: (156.60) 153 & 150 solid support, buy. Expect 160.50 & 165. HOTEL LEELA: (52.45) Keep stop loss of 51 & buy. ASHOK LEY: (74.50) Crossover above 75.75 it'll spurt up heavily. M&M: (627) Keep stop loss of 618 & buy. UCO Bank: (118) Keep stop loss of 114 & buy. AXIS Bank: (1388) Crossover above 1399 expect 1431, 1451-1459 & 1481. ITC: (165) Buy. UNITED SPIRIT: (1518) 1490-1468 solid support, buy on declines. SINTEX: (362) Keep stop loss of 356 & buy. BALRAMPUR CHINI: (88) Keep stop loss of 86 & buy. Expect 95. IOC: (423) 4520 & 412 solid support, buy on declines. BHARTI: (334) 330-328 solid support, keep stop loss of 325 & buy. SESAGOA: (323) Keep stop loss of 318 & buy. SUZLON: (52) 56 a resistance to watch out for.

SMS sent yesterday: At 09:18 am...Buy JSWSL fut. @ 1200 sl 1180 tgt 1230 & 1260. (The stock fut. then closed at 1184.) At 09:38 am...Buy TATA MOTORS fut. @ 1025 sl 1015 tgt 1050-1060. (The stock fut. then moved up to 1034 & closed at 1023.) At 10:16 am...Buy BOB fut. @ 820 sl 810 tgt 840 & 860. (The stock fut. then moved up to 828.) At 10:43 am...Buy UCO Bank fut. @ 118 sl 115 tgt 122, 125 & 129. (The stock fut. then moved up to 120.70...A super call.) At 15:16 pm...BTST: BALRAMPUR CHINI @ 88.50. COMMODITY SMS sent yesterday: At 13:49 pm...Buy SILVER @ 30900 sl 30750 tgt 31215, 31345 & 31560. (SILVER then shot up to 31155...A super call.) At 18:46 pm...Raise sl in SILVER to 30888 & remain long.

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.

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.