Short Term Future Trade Recommendation, for 01.09.2010 [Stop loss must maintain.]

Hindustan Petroleum Corp. Ltd. [HPCL] Future Sell Below: 514, Target: 497/486. Stop Loss: 530. http://www.google.com/finance?q=nse%3Ahindpetro

Short Term Future Trade Recommendation, for 31.08.2010 [Stop loss must maintain.]

Punjab National Bank [PNB] Future Sell Below 1181, Target: 1135/1111/1095, Stop Loss: 1200. http://www.google.com/finance?q=nse%3Apnb

 

Performance of Recommended Stock

Recommendation on 19.08.2010

JK Lakshmi Cement - Achieved Target in the 1^st  Trading Day

Short Term Rcommendation, for 19.08.2010 [Stop loss must maintain.]

JK Lakshmi Cement Ltd [JKLAKSHMI] Buy CMP: 60, Target: 63, Stop Loss: 58.20. http://www.google.com/finance?q=jklakshmi

Performance of Recommended Stock

Recommendation on 30.07.2010

Gujarat State Petro Ltd - Achieved 1^st Target between 14rd Trading Days

Short Term Future Trade Recommendation, for 18.08.2010 [Stop loss must maintain.]

GMR Infrastructure Ltd. [GMRINFRA] Future Sell below 59.75, Target: 59.10/58.65/58.20. Stop Loss. 60.25.  http://www.google.com/finance?q=GMRINFRA

STOCK RESEARCH REPORT For Mediam to Long term

HERITAGE FOODS LTD. On 14.08.2010      

CMP: 173                                                                                            Target: 330 

 This South Indian based Dairy, Agricultural product and Retail outlet related company did not break the primary trend line ‘TL1’ since it had been listed in the chart-1. The price has strongly moved by the support line of ‘TL4’ from point ‘0’ after a big down fall. The price pulled back from point ‘2’ after 50 % retraced of length of ‘0-1’ with huge volume. This indicates the buyers are much active to buy at this level. It is the psychological support level of Fibonacci Retracement. The ‘S1’horizontal & TL4 lines also are supported at this level. I am discounting point ‘2’ as Wave 2. Now project the target of Wave 3, I get minimum 100% length of Wave 1 (0-1), the value of Rs. 351. (Blue Fibonacci scale)

  The major short term support level is the ‘TL4’ & 200 Weeks EMA. Those are plotted on similar level at around Rs.160. Incase the price will break this level then next strength level will be around Rs.130. which is 61.8% Fibonacci Retracement level of Wave 1 (0-1).  Here the price also gets support from Horizontal line ‘S2’ & ‘TL2’ line (parallel of TL1). If the price comes here, then Wave 3 Target is minimum 100% of wave 1 around   Rs.335. (Green Fibonacci scale)

  The 50 weeks EMA line golden cross with the 200 Weeks EMA and those line are moved upward. This indicates, intact has strength. The weekly RSI has broken out its downtrend line. This indicates the RSI should be moved an uptrend. The Market Strength Indicator [(Mov(OBV(CLOSE),5,E)-Mov(OBV(CLOSE),35,E)] has moved  sharply upward. This indicates the buyers are very much active at this level for buying.

In the chart, TL4 & TL5 are forming a Triangular shape. It can take a major part for coming day’s price movement.  

Now discussing According the Fractal Rule in the Chart -2. Here indicates two patterns, named as ‘1’ & ‘2’. Those are looking almost similar. Pattern 1 has formed by points ‘a’ to ‘l’. It is the smaller size. But pattern 2 is the larger. This has formed points ‘A’ to ‘K’. According Fractal

Rule, the point ‘L’ should be formed as like as point ‘l’ of pattern 1. The point ‘l’ of pattern 1 formed 261.8% of ‘h’ to ‘i’ length. The possibility of the point ‘L’ of pattern 2 formed after price movement of 261.8% of the points ‘H’ to ‘I’. It will be valued around Rs.330.

CMP: 173.

Resistance Level: (207), R2 (240), R3 (258), R4 (313)

Support Level: S1 (146), S2 (130)

____________________________________________________

Reported by DEBABRATA BHATTACHARJEE

Email ID: imdb1@ymail.com

Mobile No. 09883388754  ____________________________________________________

Performance of Recommended Stock Future

Recommendation on 13.08.2010

MphasiS Limited - Achieved 1^st Target between 3rd Trading Days

Recommendation on 12.08.2010

Educomp Solutions - Achieved Final Target in the 4^th Trading Days

Short Term Future Trade Recommendation, for 13.08.2010 [Stop loss must maintain.]

MphasiS Limited [MPHASIS] future Sell Below 595, Target: 579/562, Stop Loss:611. http://www.google.com/finance?q=NSE%3AMPHASIS

Performance of Recommended Stock Future

Recommendation on 12.08.2010

Educomp Solutions - Achieved 2nd Target in the 1^st Trading Days

Performance of Recommended Stock Future

Recommendation on 08.08.2010

Oracle Financial Services Software - Achieved  Target between 3rd Trading Days

Recommendation on 11.08.2010

BAJAJ-AUTO - Achieved 1^st Target in the 1^st Trading Days

Short Term Future Trade Recommendation, for 12.08.2010 [Stop loss must maintain.]

Educomp Solutions Ltd. [EDUCOMP] Future Sell Below 603, Target: 593/584/569. Stop Loss: 618. http://www.google.com/finance?q=EDUCOMP

Short Term Future Trade Recommendation, for 11.08.2010 [Stop loss must maintain.]

Bajaj Auto Ltd [BAJAJ-AUTO] Future Sell Below 2657< Target:2565/2518, Stop Loss: 2726. http://www.google.com/finance?q=NSE:BAJAJ-AUTO

Performance of Recommended Stock

Recommendation on 02.08.2010

AXIS BANK - Achieved the Target between 6^th Trading Days

Short Term Future Trade Recommendation, for 08.08.2010 [Stop loss must maintain.]

Oracle Financial Services Software Limited [OFSS] Future Sell Below 2115, Target: 2085, Stop Loss: 2136. http://www.google.com/finance?q=NSE%3AOFSS

Performance of Recommended Stock

Recommendation on 23.07.2010

Advanta India Ltd - Achieved 1^st Target between 10^th Trading Days

Short Term FUTURE Trade Recommendation, for 06.08.2010.

Neyveli Lignite corp. Ltd. (NEYVELILIG) Future Sell Below 155, Target: 151.50 / 148.50 / 145.50, Stop Loss: 160. http://www.google.com/finance?q=NEYVELILIG
 

FUTURE Trade Recommendation, for 02.08.2010.

AXISBANK Future Sell Below 1343, Target:1307, Stop Loss:1367.