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11 November 2010

Techcheck Daily-Hero Honda bearish setups emerge:: Emkay

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Techcheck Daily
Hero Honda bearish setups emerge

n     Chart of the Day: Hero Honda, bearish setups emerging, 1700-1670 is the short term target, once 1670 is broken the stock could under perform further
n     DXY a triangular consolidation looks more or less complete, expect initial targets till 79-80 once broken 83-84 would be next
n     Nifty the medium term uptrend remains intact, target 6500-6600, supports around the 6100-6150 levels
n     Stocks with positive short term view:
n     LIC Housing, Mercator, Canara Bank, RCF,  IIFL, Infosys
n     Stocks with negative short term view:
n     Hero Honda, SBI, Tata Chemical, Yes Bank, BOB
  

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