Nifty ends near 4950 IT and capital goods down

Mkts singe in Dubai crisis, end down despite smart recovery

Dubai's debt crisis has put Indian equities as well as global markets on fire since yesterday. The crack across the globe emerged when emirate said two of its flagship firms planned to delay repayment of billions of dollars in debt. The markets feared that this debt default could affect other countries as they are trying to recover from global meltdown.

But the benchmark indices as well as European shares discounted most of the news, due to which Indian equities recovered more than 2/3rd of losses in the last couple of hours, led by buying from insurance companies. The Nifty closed the day above 4,900 level while the Sensex above the 16,600 level.

Also Read See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs RSS feed for news Click here

Dubai's government on Wednesday said it would ask creditors of Dubai World, the conglomerate behind its rapid expansion, and Nakheel, builder of its palm-shaped islands, to agree a standstill on billions of dollars of debt as a first step towards restructuring. Dubai World has USD 59 billion of liabilities, representing a large part of Dubai's total debt of USD 80 billion.

The S&P, rating agency, had placed the ratings of four Dubai-based banks on negative outlook due to their exposure to Dubai World.

The Sensex closed 16,647, down 207 points and the Nifty fell 62 points to 4,943, as per provisional data.

Continued on the next page...

1 2 3

• No exposure: ICICI | $25mn at stake: L&T | Small exposure: BoB

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Next page Nifty ends near 4950; IT, capital goods down

MUMBAI: Equities bounced back from intraday lows but ended in the red Friday on fears of financial crisis in Dubai. The decline was led by losses Tips to pick potential stocks Tips for range-bound markets Risk while investing in midcaps Follow 20-20 rule for better returns in IT, capital goods and metals space. National Stock Exchange’s Nifty ended at 4942.40, down 63.15 points or 1.26 per cent. The index touched an intraday low of 4806.70 and high of 5005.05. Bombay Stock Exchange’s Sensex closed at 16,647, down 207.93 points or 1.23 per cent. The 30-share index hit a low of 16210.44 and high of 16718.80. BSE Midcap Index was down 1.31 per cent and BSE Smallcap Index declined 2.12 per cent. Amongst the sectoral indices, BSE IT Index was down 2.38 per cent, BSE Capital Goods Index fell 1.71 per cent and BSE Metals Index slipped 1.44 per cent. Nifty gainers comprised Suzlon (7.32%), Ranbaxy Laboratories (2.87%), Unitech (2.59%), BPCL (2.22%) and GAIL (1.17%). Among Nifty losers, Siemens (-5.65%), IDFC (-4.06%), Axis Bank (-3.42%), Ambuja Cements (-2.99%) and JP Associates (-2.87%) were the worst hit. Market breadth on BSE was extremely negative with 2003 declines against 740 advances. (All figures are provisional)

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Other Related Stories:

Dubai saga leaves Indian banks, infrastructure, realty cos in limbo
Abu Dhabi likely to bail out Dubai: India Infoline
Dubai small part of overall intn'l exposure of Indian companies: Kotak AMC
Dubai's brief history of mega projects: In Pics

Dubai may face international realty firesale
27 Nov 2009, 1530 hrs IST, AGENCIES

International property advisors are bracing to revalue and sell trophy assets owned by Dubai World. Burj Dubai: The tallest tower | Dubai's metro | Dubai's mega projects

• India Inc comes clean on Dubai exposure, issues statements

Src: Moneycontrol, Economictimes

30 Most Powerful Women - Business Today

The power 30

The recession, downturn or whatever you call it, has dented most kinds of lists—lists of billionaires, lists of most valuable companies, lists of top recruiters and so on.

But there is one list that has grown when others shrank—BT’s list of the Most Powerful Women in Indian Business. As we researched for the seventh edition of our list, we were confronted with an embarrassment of riches.

Successful women leaders are dotting the Indian business landscape in far greater numbers than ever. Result: our list is of 30 jewels. Many “regulars” in our list have added more to their power in the past one year. Two large and rapidly-growing private banks are headed by women today, which wasn’t the case last year.

Though banking and finance still dominate the list, woman power is growing exponentially in the business of Bollywood, consumer goods and public relations. Our list captures this too. Check out the new faces and the new achievements of the old ones.

VINITA BALI, 52, MD, Britannia Industries

Once again in the BT Power List. Does it still enthuse you?
What enthuses is the work that “the list” recognises.

Your definition of power—has it changed over the years?
It evolves... as you reflect on new experiences— but fundamentally for me, power is about creating the context and environment where the right things happen.

New lessons learnt in 2009.
The discretion and judgement to know when to push and when to be patient in a volatile and unpredictable market!

New frontiers conquered in 2009.
Global recognition for the work Britannia is doing in the area of kids nutrition, at the “Clinton Global Initiative,” for example.

What next?
More transformative change.

- Rahul Sachitanand

More @ The power 30

The power to change

The talent catchers

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Src: BusinessToday

Tata Steel consolidated Q2 net loss at Rs 2707 crore

Tata Steel consolidated Q2 net loss at Rs 2,707 crore

Tata Steel consolidated Q2 net loss at Rs 2,707 crore 26 Nov 2009, 1504 hrs IST, REUTERS

Print EMail Discuss Share Save Comment Text:

MUMBAI: Tata Steel Ltd, the world's No. 8 steelmaker by output, reported a consolidated quarterly net loss on Thursday, hurt by the weak More Earnings News How India Inc fared in Q2 of FY10 Six remarkable unknown PSUs performance of its European unit Corus. Tata Steel, which bought No. 2 European steelmaker Corus in 2007, said its consolidated July-September net loss was Rs 2,707 crore ($584.7 million), after minority interest and share of profit of associates, compared with a profit of 47.72 billion rupees a year earlier. Consolidated net sales fell to Rs 25,270 crore from Rs 44,199 crore a year earlier. Last month, the firm said its Indian operations' net profit fell 49.5 percent. Shares in Tata Steel, valued at $10.7 billion, extended losses to 5.2 percent at Rs 533.10 after the results, while the main index was down 1.8 percent. The firm's shares have leapt 150 percent this year, better than a 77 percent jump in the main index.

Tata Steel Q2 cons net loss at Rs 2,707cr, stk down 5%

Tata Steel Q2 cons net loss at Rs 2,707 cr

Published on Thu, Nov 26, 2009 at 14:31 | Updated at Thu, Nov 26, 2009 at 15:56 | Source : Moneycontrol.com

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Tata Steel has announced its second quarter FY10 results. The company's Q2 numbers were below street expectations, its consolidated net loss at Rs 2,707 crore versus loss of Rs 2,208 crore, quarter-on-quarter, QoQ.

Its net sales were up 9% at Rs 25,269 crore versus Rs 23,180 crore, QoQ.

Also Read News and Notices about Tata Steel See interviews with Tata Steel Management See what other Experts & Brokerages are saying about Tata Steel See previous Results of Tata Steel RSS feed for news Click here

Restructuring cost at Rs 911 crore versus Rs 219 crore, QoQ.

Its consolidated input cost at Rs 849 crore versus Rs 1,265 crore.

The company's operating profits was at Rs 246 crore versus loss of Rs 141 crore, QoQ

Q2 FY10 YoY

The company's net sales were down 43% at Rs 25,269 crore versus Rs 44,050 crore, year-on-year, YoY.

Its operating profit at Rs 246 crore versus Rs 8096 crore, YoY.

Its net loss of Rs 2707 crore versus profit of Rs 477 crore, YoY.

Its OPM 1% versus 18%.

Also Read:

• Buy Tata Steel below Rs 500: Dhawan
• Tata Steel top loser on Nifty

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Sensex ends 344 pts down; mkts see highest turnover ever

Sensex plunges by 344 points




Src: Moneycontrol, Economictimes

Heard on the street

Heard on the street

Bonus bonanza drives volumes on RIL counter

A day before Reliance Industries (RIL) becomes ex-bonus (price being adjusted for 1:1 bonus), investors were seen flocking to the counter and, interestingly, many of them preferred to take delivery of shares than squaring off their positions intra-day.

According to brokers, the liberal bonus offers a good tax-planning opportunity for the shareholders. They can buy a certain number of shares cum-bonus (before being adjusted for bonus) and sell them ex-bonus, thus booking a loss that can be set off against short-term capital gains earned on any other transactions. By doing so, they would be entitled to bonus shares and would also save tax.

The RIL counter attracted delivery-based volume of 39.5% of the 13.2 lakh total traded shares on Wednesday, compared to 28.9% (7 lakh shares) and 22.8% (12.6 lakh shares) on the previous two days. The stock closed 0.8% higher at Rs 2,194 on the day.

FM to announce UTI stake sale after regulatory nod

The formal announcement of the 26% equity stake sale of UTI Mutual Fund to US-based investment firm T Rowe Price is expected to be made by finance minister Pranab Mukherjee next month. “There will be formal announcement on the stake sale after receiving all the regulatory approvals... it will be announced by a senior government official,” said an official familiar with the matter.

The NYSE-listed financial services firm would be paying $135 million for a 26% stake in the Mumbai-based fund house. The valuation works out to be 3.6% of assets managed by UTI AMC as on August 31, 2009.

L&T poised to make a grand exit from Satyam

Investors have been buying shares of engineering behemoth Larsen & Toubro (L&T) in large numbers on talks that the company will benefit immensely from a probable sell-off of Satyam Computer shares over the next few months. According to brokers, L&T had been accumulating shares of Satyam Computers since early-December last year.

L&T raised its stake by over 13% in Satyam Computers between December 2008 and February 2009. L&T, along with L&T Capital, holds a 6.9% stake in Satyam Computers as on September 2009. With L&T investment in Satyam nearing one year, the engineering company is expected to exit the stock.

Analysts are expecting Tech Mahindra (which acquired Satyam in April 2009) to buy the L&T stake in Satyam at a high price. This will further improve the cash position of L&T, say brokers. Shares of L&T ended 0.1% higher at Rs 1,650.45 on the BSE. Satyam Computers closed 11% lower at Rs 90.55 on Wednesday.

( Contributed by Vijay Gurav, Reena Zachariah & Shailesh Menon)

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Mid-term picks | Top 5 picks | Infy@all-time high

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Src: Economic Times

Srisai's Instinct Stock Calls for Dt: 25.11.2009

Srisai's Instinct Stock Calls for Dt: 25.11.2009

This(Srisai's Instinct Stock Calls) will be a New Initiative of this blog to Publish Blog Author's Own Investment/Trading Calls for Short-Medium Term perspective. But All these Calls are not given on Purely Technical perspective. Most of these Calls are given by Blog Author from His past Investment/Trading experiences. So Do not expect More depth in Calls. Author has tried his best to give some calls for the benefit of Investors/Traders from his experience and from some media/web/news based call. So author request all the investors/traders to take/try these Calls as RISK CALLS. And Keep Strict Stop Loss Own (or) Keep Resi,Supp levels As Stop Loss for their Trading(or) Trade/Invest @ your Own Financial Risk. All type of Comments are Welcome about this New Initiative. Dont Forget to Keep Stop Loss and Again Author Remembering you that he is giving calls only from his past trading experience...


Nifty Future cmp 5085

NFut is facing stiff resi @ 5114-5122 levels... Unless It broken, We cant make New Year Highs(5181) (Or) Cant touch previous highs.... Supports @ 5056-5030-5012 levels...


Chambal Fertilizer cmp 56.55

After a Long time Stock has breached Resi @ 55-56 levels... If this Holds for 2-3 days then could Go 59.70-62 levels.... Supports at 52.50..



Bharat Forge cmp 278

It seems that Stock has good support at 256-265 levels... Everytime Bounces from there and reaches 275-285 levels... If this breaks 285-288 this Then We can expect Good Upside from there..



GMDC cmp 129

Stock has Good support at 110-114 levels... Buy this Stock with 110-114 as Strict StopLoss.... Stock may give Nice returns in the days ahead.....



NilKamal cmp 163

(From Outside Broking Market Friends)

Stock may reach Rs 214-230, then 277 levels in 3-5 months.... Stock Has support at 144-147 levels... Accumulate this stock.... But Keep Own StopLoss depends on the your own risk......



IPO Listing

Astec Lifescience

Price: Rs 82....



Bye


By Srisai

Morning Views - ET

Top picks of the day |

Top mid-term stock picks


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Dollar still the 'currency of choice' for carry trade

Tata Comm, Infosys & four others in deal with US cos

Govt to review policy on foreign portfolio investments

Nifty to face resistance at 5110

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Ambanis in News
RIL avoids debt route for Lyondell acquisition RIL to fund its LyondellBasell acquisition by selling treasury stock without taking any additional debt. 900 RIL pumps back in biz Anil makes surprise visit at SC | Family MoU sacrosanct: RNRL Gang of 5 behind bid | Full Coverage: RIL's LyondellBasell bid

Heard on the street

Bulls caught off guard in XL Tele as FIs offload

Bulls who have tried bottom-fishing in shares of XL Telecom & Energy recently could be in for trouble as some of the institutional investors have been dumping their holdings. The company’s balance sheet is under strain, and it has already applied to the Corporate Debt Restructurring (CDR) cell to recast its high-cost loans. One of the sub-accounts of Morgan Stanley

& Co International has sold 6.6 lakh shares of the company early this month and pared its stake to 0.87% from 4.05%.

The shares were sold on November 6, and the company was informed on November 17. An earlier filing with the BSE shows that the sub account had come to own 11.19 lakh shares (5.4% of equity) of XL Telecom through conversion of FCCBs on October 23 this year.

Strangely, the company’s shareholding pattern for the quarter ended September 30, shows the Morgan Stanley sub-account as holding 11.19 lakh shares. At the peak of the bull run in 2007, XL Telecom was tipped as an upcoming blue chip, with some of the savviest investors on Dalal Street buying sizeable stakes in the company. The stock, which had touched a peak of Rs 595 sometime in December 2007, closed at Rs 38.55 on Tuesday, down 4% over the previous close.

Dalal Street gets a pedestrian look

NOT been to the Bombay Stock Exchange

(BSE) for some time? Your next visit to the exchange may surprise you with some changes that have just taken place around the iconic Jeejeebhoy Towers and the Rotunda building housing the exchange and broker offices.

Heightened terrorist threat has prompted the police and the exchange authorities to leave no stone unturned to beef up security in the premises. The lanes surrounding the two buildings, including the famous Dalal Street, have been declared as a pedestrian zone and no parking is allowed for any vehicle in those lanes.

Even the exchange’s own underground parking is no longer available for its officials and the members. All this ahead of the forthcoming anniversary of the 26/11 terrorist attacks that had caused tremors globally.

Banks gain on fund infusion talk

Buzz is that government is set to infuse more funds into public sector banks in order to help them boost their capital and to possibly smoothen the consolidation process.

Market sources say Syndicate Bank, Andhra Bank, Union Bank, Dena Bank, Corporation Bank and Bank of Maharashtra are some of the banks that are likely to get capital from the government.

Talks of recapitalisation and merger spurred buying in second-line banking stocks on Tuesday. Union Bank, which was bought in large numbers by domestic mutual funds, ended 2.4% higher at Rs 284 on the BSE.

Dena Bank and Bank of Maharashtra ended 3.3% and 0.1% higher at Rs 83 and Rs 50 respectively.

Contributed by Santosh Nair, Vijay Gurav & Shailesh Menon


Src:Economictimes.Indiatimes.com

Srisai's Instinct Stock Calls for Dt: 24.11.2009

Srisai's Instinct Stock Calls for Dt: 24.11.2009

This(Srisai's Instinct Stock Calls) will be a New Initiative of this blog to Publish Blog Author's Own Investment/Trading Calls for Short-Medium Term perspective. But All these Calls are not given on Purely Technical perspective. Most of these Calls are given by Blog Author from His past Investment/Trading experiences. So Do not expect More depth in Calls. Author has tried his best to give some calls for the benefit of Investors/Traders from his experience and from some media/web/news based call. So author request all the investors/traders to take/try these Calls as RISK CALLS. And Keep Strict Stop Loss Own (or) Keep Resi,Supp levels As Stop Loss for their Trading(or) Trade/Invest @ your Own Financial Risk. All type of Comments are Welcome about this New Initiative. Dont Forget to Keep Stop Loss and Again Author Remembering you that he is giving calls only from his past trading experience...


Nifty Future cmp 5106

NFut resi @ 5122-5144-5181 levels.... Supports at 5080-5056-5030 levels... Risk traders Short Nfut at 5122 levels with 5144-5153 as Strict StopLoss...



Reliance cmp 2197

Reliance Stron resi @ 2240-2270 levels.... Before the Q2 qtrly results Stock was hovering around this 2240-2270 levels.... So 2240-2270 will act as some Resi Zone... But if it cross that level, then may go to 2340 levels Soon.


GSPL: cmp 94.5

Outside Call:

If 96-98 crosses with good volumes then may go upto 115-123 levels... THis is A Investment Call.. Supports at 89-85 levels.... Resi @ 104 levels....



By Srisai

Range-trading may continue this week

Range-trading may continue this week

Look for a close above 5,100.

AA week of very narrow range trading ended with small positive gains. The Nifty closed at 5,052.45 points for a gain of 1.1 per cent. The Sensex closed up 1.02 per cent at 17,021.85 points. The Defty closed up by 0.65 per cent with the rupee losing a little ground.

Breadth was balanced with advances matching declines while volumes dropped in the cash market. Domestic institutions (DII) were net sellers in moderate quantities while foreign institutional investors (FII) were net buyers in modest amounts. The BSE 500 gained around 1 per cent - about the same as the pivotal indices.

Outlook: Settlement week is likely to see a surge in intra-day volatility but we don't have strong directional indicators. The market gained on Friday afternoon on short-covering but it remains stuck inside the range of 4,900-5,100 as it has, for almost three weeks. Any breakout in settlement week would see a likely swing of 150-200 points.

Rationale: The odds are, there will be a breakout. Strong carryover and repeated probing of the resistance at 5,050+ makes it likely that this will be upwards. However, the corrective intermediate trend has now lasted four weeks and that is on the short side. The long-term trend is up, so is the short-term trend though that could fizzle on Monday itself. If you're bullish, get excited only if there's a close above 5,100.

Counter-view: Institutional attitude is not strong. DIIs have been selling relatively small quantities, and the FII volume is also low, though it is positive at the net level. If the institutions remain non-committal or negative, it's difficult to see operators and retail traders pushing the market up far. Trading focus normally narrows to the few top counters in settlement week. Stocks outside the derivative set might see sharp decline in volumes. A close below 4,850 would probably mean 4,700 being tested.

Bulls & bears: The IT sector did better than the market, with the CNXIT up by 1.6 per cent. TCS and Moser Baer were among the more bullish counters. Banks underperformed week-on-week with the Bank Nifty up only 0.7 per cent but there was a big surge on Friday afternoon. Most of the major gainers were the second-string PSUs like Syndicate Bank and Andhra Bank.

Cement saw a lot of bullish action. The Grasim-Ultra Tech Cement deal seems to have focussed attention on the entire sector. Metal stocks such as Tata Steel, Sail and Hindalco also did well. The trend was mixed in real estate though there were high volumes as usual. Losers included power stocks such as Suzlon, Rpower and Bhel. Major telecom counters continued to look weak and sugar stocks are weakening on profit-booking.

MICRO TECHNICALS

ACC
Current Price: Rs 766
Target Price: Rs 800

---

The stock has seen volume expansion driving a price uptrend. It has cleared strong resistance at around Rs 750-755. The target projection would be somewhere between Rs 790-810, though there's significant resistance at Rs 775. Keep a stop at Rs 755 and go long. Increase the position above Rs 775.

DLF
Current Price: Rs 375.5
Target Price: Rs 400

---

The stock has started consolidating around a base of solid support between Rs 355-365. It is likely to range-trade between Rs 370-400. A breakout beyond major resistance at Rs 400 would require a serious volume expansion. Keep a stop at Rs 365 and go long. Book profits above Rs 395.

TCS
Current Price: Rs 693.15
Target Price: Rs 670

---

The stock has been bullish since March and the momentum accelerated after the 1:1 split in June. It is hit resistance just below Rs 700. A reaction would pullback till Rs 670. Keep a stop at Rs 700 and short. Cover at Rs 670. If it closes above Rs 700, reverse the position and go long with a target of Rs 720.

Vijaya Bank
Current Price: Rs 53.5
Target Price: Rs 62

---

The stock has a V-shaped bullish pattern and its testing resistance at Rs 55-56. Volumes are up. If it closes above Rs 56, the next target would be Rs 62. Keep a stop at Rs 50 and go long. Increase the position above Rs 56. Book profits above Rs 61.

Suzlon
Current Price: Rs 73
Target Price: Rs 65

---

The stock has been bearish since June. The long-term trend has seen resistance along a falling trendline at about minus 45 degrees. The reaction last week came along that trendline at Rs 79-80. The minimum downside would be Rs 65-66. Keep a stop at Rs 79 and short. Cover at Rs 66.

Mixed week for Smart Portfolios 23-NOV-09 With the exception of Ajay Parmar, fund managers found it difficult to negotiate the volatile markets.

Analysts' corner 23-NOV-09 Bharat Electronics’ (BEL) order backlog at the end of October 2009 stood at Rs 12,260 crore, up 18 per cent from Rs 10,390 crore as on April 1, 2009.

Gold may advance further says survey 23-NOV-09 Gold may advance as investors seek to hedge against a weakening dollar and possible inflation, a survey showed.

Gold rises on bets that dollar will drop 23-NOV-09 A falling greenback is spurring purchases of the yellow metal.

Markets at a glance 23-NOV-09 Favourable global cues as well as better industrial numbers lifted market sentiment.

High carryover and potential for breakouts 23-NOV-09 Despite bullish undertones, the market is range-bound.

Range-trading may continue this week 23-NOV-09 AA week of very narrow range trading ended with small positive gains.

The inefficient pair 23-NOV-09 A recurring divergent performance on an equity pair could redefine alpha.

Powering ahead 23-NOV-09 Big ticket power investments should ensure that REC grows its loan book rapidly in the future.

Creating value 23-NOV-09 The move by IVRCL Infrastructures to transfer its BOT projects to IVR Prime is positive for the duo.

Racing ahead 23-NOV-09 While robust demand and availability of credit has boosted auto volumes in recent months, higher interest rates and reversal of excise duty cuts may play spoilsport.

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Check out the best banks for investors in India
23 Nov 2009, 0645 hrs IST, ET Bureau

Axis Bank is the best bank in the country followed by Bank of India and HDFC Bank. Most efficient banks | Faster growing banks | Shareholder friendly | Strong banks

• Moody's retains its negative view on India's banking sector

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Aegis Logistics

Phillips Carbon Black

Bharti Airtel

Purvankara Projects

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India Strategy - Nov 23 2009

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ICICI Bank, JSW Steel, Suzlon Energy

Thermax

Indian Hotels

Weekly Newsletter - Nov 23 2009

Weekly Support and Resistance Levels - Nov 22 2009

Src: Economictimes, Business Standard, DP Blog...

Srisai's Instinct Stock Calls for Dt: 23.11.2009

Srisai's Instinct Stock Calls for Dt: 23.11.2009

This(Srisai's Instinct Stock Calls) will be a New Initiative of this blog to Publish Blog Author's Own Investment/Trading Calls for Short-Medium Term perspective. But All these Calls are not given on Purely Technical perspective. Most of these Calls are given by Blog Author from His past Investment/Trading experiences. So Do not expect More depth in Calls. Author has tried his best to give some calls for the benefit of Investors/Traders from his experience and from some media/web/news based call. So author request all the investors/traders to take/try these Calls as RISK CALLS. And Keep Strict Stop Loss Own (or) Keep Resi,Supp levels As Stop Loss for their Trading(or) Trade/Invest @ your Own Financial Risk. All type of Comments are Welcome about this New Initiative. Dont Forget to Keep Stop Loss and Again Author Remembering you that he is giving calls only from his past trading experience...


Nifty Future cmp 5066

Premium of +13 pts over spot price... Nifty Future Previous recent highs(last week) are at 5073-5074-5079... So NFut may face stiff resi @ this zone.... Further resi @ 5105-5114-5122 levels.... Supports are at 5030-5012-4978 levels...

As long As NFut holds 5010-5030 level, then Nifty will be in uptrend....



Allahabad Bank: cmp 140

Stock has hit year high on Friday... THis stoks has potential to go upto 156-170 levels in Medium term.... Buy With Strict StopLoss at 126 levels....



ICICIBank: cmp 897

ICICI Bank struggles to cross 920-927 levelss.... Until this level crosses, ICICI Stock may be in weaker Side.... Supports are at 874-855 levels....


HDIL cmp 338

Stock down nearly 10 percent from recent high... Supports at 331-326-315 levels... Keep 315-318 as Strict StopLoss and Go LONG... Resi @ 383-390 levels....



UCO Bank: cmp 59.60

Stock has good supp @ 53-50 levels... Go LONG this Stock with 53 as Strict StopLoss...



MaxIndia cmp 209

Stock has breached Stiff resi @ 205 levels after a long time.... Next supprts are at 190-185 levels... Keep 190-185 as StopLoss and Go LONG... Its for a Mediumterm Recommendation.




Keep Strict StopLoss in All trades.... This willl be a Good Practice to All....