Disclaimer: Ours is an advisory role. The final decision and consequences based on our information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned forward-looking statements/predictions and may be subject to change without notice.

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Monday, March 5, 2012

EQUITY PICK OF THE WEEK : 05 MAR 2012

IFCI

BEST BUY & SUPP @ 40 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 42.30 (CURRENT SUPP) A BREAK ABOVE 44.60 UPSIDE TGT IS @ 50.10/52.50 ; HOWEVER A CRACK BELOW 37.70 DOWNSIDE TGT IS @ 32.10/29.70

LTP – 44.90

TREND : BULLISH WITH BEARISH STREAK

HINDALCO

BEST BUY & SUPP @ 145 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 149.30 A BREAK ABOVE 153.50 UPSIDE TGT 162.50/166.60 ; HOWEVER A CRACK BELOW 140.70 DOWNSIDE TARGET IS @ 132/127.90

LTP – 147.80

TREND : FIRM BEARISH ; SELL ON ALL RISES

TATA STEEL

BEST BUY & SUPP @ 454 ACTUAL RESISTANCE & BEST SHORT LEVEL @ 462.90 A BREAK ABOVE 472 UPSIDE TGT 493.05/502.35 ; HOWEVER A CRACK BELOW 445 DOWNSIDE TARGET IS @ 423.60/414.25

LTP – 465.90

TREND : DAILY TREND LOOKS UPSIDE MOMENTUM BUT WEEKLY TREND IS FIRM BEARISH ..SO SELL ON ALL RISES

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