07-07-2014 BAMMIDI ---DEEP….
THE MARKETS ARE IN BULLS GRIP BUT THE UNWINDING IS ALSO
HAPPING AT THE BUYERS SIDE AND NEW SELLERS ARE CROPPING EVEN BEFORE THE BUDGET
MEANS, THE SHORTS ARE BUILDING UP AT THESE LEVELS.
THE GLOBAL BOUYANCY IN THE MARKETS ARE HELPING OUR MARKETS
TO FLOAT ABOVE THE CRITICAL SUPPORT AT 7480-7520LEVELS. THE SINCERE EFFORTS OF
THE BULLS FOR TWO DAYS HAS THROWN THE NIFTY INTO SAFE ORBIT. NOW THE HNIs START
SELLING THEIR BOTTOM FISHED BEST BARGAIN COUNTERS FOR A DECENT PRICE.
THE BANKS ARE IN CRITICAL LEVELS OF SUPPPORT,
AXIS IS GOOD ABOVE 1942 AND A SURE SHORT CANDIDATE BELOW
1924 LEVEL.
ICICI BANK PULLED DECENTLY FROM A LOW OF 1376 TO 1467 LEVEL.
IF IT FAILS TO CROSS THE 1474-76 RESISTANCE THEN WILL FALL BELOW YESTERDAY’S
LOW OF 1435 VERY SOON.
SBI IS ALSO SIMILAR TO ICICI, IF FAILS TO TRADE ABOVE 2714
AND CROSS A HIGH OF 2720 THEN WILL FALL BELOW 2560 LEVELS.
THE PFC IS GOOD FOR “SHORT-SELL” IF HIGH IS BELOW 324.8
LEVEL AND TRADES BELOW 220 AND SO IS REC GOOD TO SHORT BELOW 372, HIGH IS BELOW
376.8 LEVEL.
AURO PHARMA IS UNWINDING AT HIGHER LEVEL NOW MAY SEEK MORE
LOWER LEVELS IF IT TRADES BELOW 772.9 (STOP LOSS LEVEL), HAS RESISTANCE AT
766-68 LEVEL, MAY FALL TO 731-29 SOON.
ABOVE ALL MOTOR COMPANIES MAY CORRECT TODAY/TOMORROW...WATCH OUT.!!
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