South-Bound Week
- I had, last week mentioned that the next resistance could be in the range of 5480-5509. It resisted at 5487 and has shown tendency of dropping. See Chart pattern 2.
- Next week, NIFTY is expected to test the nearest support of 5200, beyond which 4960. Note the previous points NIFTY has tested 5200 and 4960.
- It is to be noted that, the dropping tendency has started before touching the top trend line of the Chart Pattern 2. This, partial rise phenomena could be pointing to a faster drop next week.
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The first signal it gave to the existing subscribers is of MARUTI :- A SHORT signal at 1381. It now stands at 1222. A whopping gain of 189 points in two weeks… With a lot size of 250, they stand to gain Rs. 39750 as of now.
Stocks to watch for upside:
Century Extrusions Ltd, Cyber Media (India) Ltd, Northgate Technologies Ltd, Omax Autos Ltd, Ponni Sugars (Erode) Ltd and Thirumalai Chemicals Ltd
Stocks to watch for downside:
Kaveri Seed Co Ltd, Nahar Spinning Mills Ltd, Reliance Power, Hero Honda Motors and BPCL.
