12TH JUNE 2013

DAILY CHARTIST VIEW

HIGHLIGHTS
A

Highlights

Nifty traded LOWER and ended in RED on TUESDAY Nifty Future 91.70 points DOWN at 5801.65 Sell ADANI PORTS below 147.50 targets 146.25/144.75 sl 148.75 Sell ALLAHABAD BANK below 108.50 targets 107.25/105.75 sl 109.75

Past Performance:
YES BANK HIT 1ST & 2ND TGTS ADANI ENT HIT 1ST TGT and almost HIT 2ND TGT DLF hit 1st tgt RANBAXY LAB hit 1st tgt385. TATA MOTORS DVR hit 1st tgt171.5 Kotak Mahindra hit both tgts. HCL tech hit both targets Apollo Tyre hit both targets. Bajaj Auto future hits 1st tgt 1805. Bharti Airtel hit both targets FIANANCIAL technologies hit both targets.

ADANI PORTS AND SPECIAL ECONOMIC ZONE

SELL BELOW 147.50 TARGETS 146.25/144.75 SL 148.75

BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235

The chart shown is DAILY. Two PARALLEL LINES shows a support zone. In circle THREE CANDLE is shown. First is DOJI, second is SHOOTING STAR. Both candles close below 20-DAY EMA. The last candle is SPINNING TOP, the open and close of this candle below the shooting star close. Last candle close also below the support zone. The DOWNTERN is expected, if GAP DOWN opening ia take place.

ALLAHABAD BANK
SELL BELOW 108.50 TARGETS 107.25/105.75 SL 109.75

The chart shown is DAILY. In circle GREEN CANDLE followed by RED CANDLE formed near SUPPORT, which is strong support. The support is BREAK DOWN by strong RED CANDLES. There is NO any support and overall trend is BEARISH. IN 15-min. chart a minor support is formed near 108.55. If this support is break the stock is FREE FALL. The BANK NIFTY was also in downside.

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