ASHU DUTT

ASHU DUTT TECHNICALS

Week beginning November 06, 2013

TRADING TECHNICALS REVIEW

Stock Nifty Indian Bank Dena Bank Central Bank United Bank of India HOV Services Andhra Bank Synidicate Bank Dishman Pharmaceuticals Rolta

Resistance 6310 119 67 62 46 88 79 112 83 82

Support 6190 110 54 55 36 61 60 88 75 70

Stop Loss 6190 110 54 55 36 61 60 88 75 70

Remarks Nifty has held up above the critical support of 6200 Strong immediate term trend backed by 6 times average volumes Stock breaking out of a range on strong volumes Strong immediate term trend backed by 4 times average volumes Strong immediate term rally at 10 times average 3 month volumes Stock in accumulation. When accumulation is over, fall may be equally sharp Stock has begun a steep climb. Next stop 79. Strong volumes to back up rise Stock in accumulation. May head to 112 Stock in short term uptrend backed by volumes Accumulation/Distribution stock. In accumulation

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