DBhat-13june2005

Bse index: (6782) Reversal pattern on daily charts & Gravestone doji formation on weekly charts indicates bit correction in front line stocks this week.
Consider 6813 a nearest & 6863 a crucial resistance, keep stop loss of 6863 to your sales.
Downward side expect initial fall down to 6760 & 6732. Consider 6732 crucial support break below which real corrective down fall start to take it down to 6666 & 6579.

Upward side crossover over above 6863 don't remain short & go long again as it'll turn bullish again & spurt up to 6947 & 7031.

Khaitan Chem. & Fert: (42.55) 15% dividend paying this FERTILISER stock on charts heavily accumulated between 49 & 24 in continuous higher top higher bottom formation on 200dma & as on Friday it has upside bullish trend line break out indicates huge non-stop rally on the card.

* Promoters holding: 78.15%
* Icici Bank & other FIs holds: 2.97%
* Indian Public holds: 14.39%

Don't miss the opportunity & grab keeping stop loss of 38 on a closing basis.

Non-stop rally will take it up very smartly to 90.

Stock traded at Bse only: 507794.

Camphor & Allied: (62.90) 30% dividend paying & equity base of Rs 5.13cr this chemical sector stock on charts big bullish break out after heavy accumulation between 72 & 46 on 200dma & big complete saucer pattern has formed during this accumulation indicates fantastic rally on the card.

Just grab keeping stop loss of 58 on a closing basis.

Non-stop rally will take it up to 108. Medium target is 145.


Stock traded at BSE only: 500078.