MKT NEWS

Opportunity Type CAMB NSE Cambridge Solutions Limited Ascending Continuation Triangle 72.60 79.75 - 81.50 Intermediate-Term Bullish

Alert Name: India, Bearish Alert Criteria: Stocks (Any Indian Exchange); Price at least 50.00 and below the 200-day moving average; Volume at least 10,000; Classic Patterns; Bearish; Pattern Duration at least 25 days; Possible Price Move of at least 10%.

Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type APLH NSE Apollo Hospitals Enterprise Ltd Continuation Diamond (Bearish) 399.00 266.00 - 292.00 Intermediate-Term Bearish AXBK BSE AXIS Bank Ltd Top Triangle 455.75 1.00 - 93.00 Long-Term Bearish AXBK NSE AXIS Bank Ltd Top Triangle 450.90 1.00 - 93.00 Long-Term Bearish SOBH NSE Sobha Developers Ltd Descending Continuation Triangle 91.00 41.00 - 51.00 Intermediate-Term Bearish

Alert Criteria: Stocks (Any Indian Exchange); Price at least 5.00; Classic Patterns; Bearish; Daily Events; Pattern Duration at least 25 days.

Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type APLH NSE Apollo Hospitals Enterprise Ltd Continuation Diamond (Bearish) 399.00 266.00 - 292.00 Intermediate-Term Bearish AXBK BSE AXIS Bank Ltd Top Triangle 455.75 1.00 - 93.00 Long-Term Bearish AXBK NSE AXIS Bank Ltd Top Triangle 450.90 1.00 - 93.00 Long-Term Bearish BHIS BSE Bhilwara Spinning Ltd Descending Continuation Triangle 10.88 7.40 - 8.10 Intermediate-Term Bearish CHVI BSE Cheviot Ltd Downside Breakout 146.15 103.00 - 112.00 Intermediate-Term Bearish EXID NSE Exide Industries Ltd Descending Continuation Triangle 44.60 25.00 - 28.00 Intermediate-Term Bearish IHME BSE Indian Hume Pipe Co Ltd Downside Breakout 265.70 216.00 - 225.00 Intermediate-Term Bearish PAGE BSE Page Industries Ltd Symmetrical Continuation Triangle (Bearish) 367.10 257.00 - 278.00 Intermediate-Term Bearish SANJ BSE Sanjivani Paranteral Ltd Descending Continuation Triangle 18.25 6.00 - 8.00 Intermediate-Term Bearish SANJ BSE Sanjivani Paranteral Ltd Downside Breakout 18.25 4.00 - 7.00 Long-Term Bearish SHTE NSE Shiva Texyarn Ltd Downside Breakout 13.85 8.00 - 9.25 Intermediate-Term Bearish SOBH NSE Sobha Developers Ltd Descending Continuation Triangle 91.00 41.00 - 51.00 Intermediate-Term Bearish SUBC BSE Subhkam Capital Ltd Descending Continuation Triangle 163.45 62.00 - 81.00 Intermediate-Term Bearish WESL BSE Webel SL Energy Systems Ltd Downside Breakout 157.70 117.00 - 125.00 Intermediate-Term Bearish WESL NSE Webel SL Energy Systems Ltd Symmetrical Continuation Triangle (Bearish) 164.70 109.00 - 120.00 Intermediate-Term Bearish ZFST BSE ZF Steering Gear (India) Ltd Descending Continuation Triangle 120.30 73.00 - 82.00 Intermediate-Term Bearish

Opportunity Type FIFA BSE Filatex Fashions Ltd Head and Shoulders Bottom 39.10 44.25 - 45.75 Intermediate-Term Bullish

Alert Criteria: Stocks (Any Indian Exchange); Price at least 5.00; Classic Patterns; Bearish; Daily Events; Pattern Duration at least 25 days.

Symbol Exchange Name Event Close at Event Target Price Range Opportunity Type BHAT BSE Bhatinda Chemicals Ltd Top Triangle 13.65 1.00 - 4.00 Long-Term Bearish CALI NSE California Software Co Ltd Descending Continuation Triangle 36.00 15.00 - 19.00 Intermediate-Term Bearish DHOO BSE Dhoot Industrial Finance Ltd Downside Breakout 6.95 3.70 - 4.30 Intermediate-Term Bearish GENS BSE Genesys International Corporation Ltd Head and Shoulders Top 53.00 1.00 - 12.00 Long-Term Bearish GENS NSE Genesys International Corporation Ltd Head and Shoulders Top 53.00 1.00 - 12.00 Long-Term Bearish KMCH BSE Kovai Medical Center & Hos Ltd Symmetrical Continuation Triangle (Bearish) 41.55 29.00 - 32.00 Intermediate-Term Bearish NHIE BSE Nahar Industrial Enterprises Ltd Descending Continuation Triangle 31.25 21.00 - 22.75 Intermediate-Term Bearish NIRL BSE Nirlon Ltd Downside Breakout 22.10 11.00 - 13.00 Intermediate-Term Bearish RILC BSE Rishi Laser Ltd Top Triangle 24.25 1.00 - 6.00 Long-Term Bearish SURS BSE Super Sales India Ltd Descending Continuation Triangle 46.00 33.00 - 36.00 Intermediate-Term Bearish TRIB BSE Tribhuvan Housing Ltd Continuation Diamond (Bearish) 21.55 1.00 - 5.00 Long-Term Bearish WESL NSE Webel SL Energy Systems Ltd Downside Breakout 145.00 103.00 - 113.00 Intermediate-Term Bearish

The Indian market opened on positive note and close in red zone . Market saw good move but not able to cross yesterday high and saw profit booking at higher levels .For coming session 2577 -2523 is crucial support zone on other side 2780 will act resistance zone .If nifty break 2520 it will test the low made on 10 October .

The last support in this set up is at ~2525 before we see lower levels.

The IBM Ad says “STOP TALKING-START DOING”-the only mantra for economy revival.
The govt. is taking advantage of the crisis for the political mileage and asking the industry to go for price cut that can reflect in votes as the public can perceive the difference and can feel the comfort.
The economy is good when compare with the world top economies but our dependence on investment is also high even though our internal consumption is strong and the scope for infrastructure is huge.

The backing sector is crumbling with the bad news of rising bad debts and the MFs are facing the pressure from “the weight of redeem” as the uncertainty is enlarging
The Nifty finally closed at 2635 level, a clear bounce in the world indices can propel our Nifty to scale high other wise it will live like a laggard for next two quarters. The Nifty shall try to bounce back to 2860 level then it may confirm the recent bottom is the low for the rest of the year but the news flow and the govt. attempts are not favouring.

The Nifty now has to cross the immediate resistance at 2800-2810. this can be achieved incase RIL can bounce back to cross the resistance at 1189-93 level and can send positive feelers if it can trade above 1225 level, Bharti above 685-90 level, ONGC above 720 level. The ITC, REL infra, HUL and DLF will add their support. The INFY, TCS, Wipro are now neutral and the banking major SBI is seriously under bear grip, so is the financial sector.

Use it learn & Learn to make money and convey the same to others.

This November settlement started around 3000, made a high at 3240 and trading near 2600 when only 6 trading days to go for the end of the settlement.
All longs are at a loss and they are left with only hopes. Unwinding by the bulls at every rises will keep the nifty under bear grip, unless delivery based buying comes at certain levels which can trigger a short covering..