Indian Stock market (This analysis for educational purpose only not for investment recommendation) (based on chart analysis)
15th June 2011
COMMODITIES
NYMEX-Natural Gas
Support breaks-$4.54- $4.49
Below this panic up to $4.2-$4.27 level
AGRO COMMODITIES
Soya Oil,Rape Seeds –Free fall mode
Potato-Chart looks very weak
Maize –Strong Support level
NIFTY-Today (Long term Target 4700 to 4300 level)
If rallies up to 5600-5700 good for Bears
Below 5520 this level it will break upto5460.
Hot stock-Raj oil Mills
Strong Support level 32
Bullish trend 36 -58
Shorting stocks –Titan, Bata
Long stocks-GAIL,EKC, Mudra port
Good for short term-IFCI ,R. capital , Kotak (Banking Licence on the way)
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