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Monday, December 30, 2013

Reliance Ind - Escorts - Maruti Suzuki - Jet Airways - Crompton Greaves - Near Term Trading Strategy - 30 Dec 2013

Has Reliance Industries Bottomed out @ 838 as per the 30 NOV ALERT ? 
That will be confirmed once we clear the resistance 892 and Break Out Pivot 913.5 Likely to hit 962 - 982 Before achieving our Multibagger Target 1072 buy initiated 838 

Escorts Daily Trend - bearish, But the monthly trend still has room for upside targeting 142.80 before any correction till 122 Current Support @ 136 - My target for Escorts is Rs 143 with a stoploss of Rs 132

MarutiSuzuki Support @ 1756 Resistance @ 1802 above that the stock has potential to test 1905/1950 below 1750 Actual Support @ 1708 Break down level 1654

Jet Airways - Downside Momentum still exists - Bulls cautious - Resis @ 292.80 Break Out Level 306.20 Below 280 Downside capped @ 268

Crompton Greave
 
Is a sell above 130.80 - 134.60 for target 127 stops above 136 - Reversal - Below 126 Crompton Likely to Fill the Gap 112 before heading towards 162 - 177 in the short term. 

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