06 January 2011

Bank Nifty downtrend resumes: Emkay

Please Share:: Bookmark and Share India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��


Techcheck Daily
Bank Nifty downtrend resumes

n     Chart of the Day: Bank Nifty, breaks down below a consolidation, indicates continuation and resumption of down trend, initial targets pegged around 11000
n     Both hard and soft commodities look weak, Gold, Copper and Sugar important swing tops already in place
n     Nifty prices within short term channels, 6100 remains crucial
n     Nifty monthly momentum rolls over, upsides if any could be a slow grind
n     DXY bullish reversal patterns, targets at 85-88 once breakout happens
n     Stocks with positive short term view
n     HCL Tech, GMR, OMC’s, Apollo Hosp, Praj, Maruti, Infosys, TCS
n     Stocks with negative short term view
n     SBI, HDFC, HDFC Bank,  Bajaj Auto, Yes Bank, Coromandel, GAIL,  Bank Nifty, Bharat Forge, ACC, BHEL

No comments:

Post a Comment