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Financial Advisor (Free Newsletter) 23rd February 2012 (Thursday)

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NIFTY

Intraday Market looks Weak, Upper side will face resistance at 5570. Downside market will face support at 5400. So keep a stop loss of 5570 and stay short. If market starts trading above 5570 then Nifty can test 5650

STOCK OF THE DAY
RANBAXY LABS

On the verge of breakout Can Sell Below 432
Down side Support at 428,425.... Use Stop Loss 435.

CHART OF THE DAY
HIND UNILEVER

Looks Weak Close watch Below 375....

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CENTURY TEXT

Will have a strong support at 300, Upper side can
sell around 325 with a s.l of 332

ACC

Close Watch looks weak with a s.l of 1350.....

BATA (I)

Moved Down with strong volumes
Further weakness expecting use stop loss 690.

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Disclaimer

Stock Trading involves high risks and you can lose a substantial amount of money. The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip.

Financial Advisor