PROFIT BOOKING

Crompton doing well.Took profit in F&O. Holding deliveries.
Booked profit in Bhel.
Tata Steel is looking up now.

Bhel

Bhel crossed its 10d EMA yesterday. And today also after a dip, it is again showing strength. SL at todays low.

Maruti Suzuki -

It seems one more down move will complete the correction here.

Crompton update

Crompton is up 5% today morning.
Tata steel SL hit.

MCX is holding the 458 low of Jan20, even in this downturn. If the lows are hold it will show upsides soon.

Tata Steel

Tata Steel correction looks complete. SL 355. Target 380-400.

Crompton seems to have completed its correction

Prices have almost reached  C = A X 2.618.  If it does not break 80 region, can show an upmove towards 150-70 range. Short term it can move another 2-5 points down.

WISH   YOU   ALL  A VERY   HAPPY NEW YEAR   2014

The last week lacked volumes due to holiday mood of FIIs. Nifty has been hovering around 6250-6300 and BN is hovering around its 10D EMA.

Hope soon the volumes will return and the range will be broken.