SRF

Having been on a downward spiral for last two months from its high of 264 on 30th Oct, SRF finally broke above the falling channel today. Close above 201 would see it target 210 for now. 223 seems to be on the cards, provided the support at 194 holds.

Reliance

1305-1315 remains the crucial level for this scrip to overcome. Break above these levels would see it target 1350-1370 in quicktime I would say. 1240 remains the stoploss. Enjoy !

Ranbaxy

As suggested on 2nd Dec, Ranbaxy never broke support except once on 12th Dec when it closed below the stops of 365, only to bounce back the very next day and close above the stops given. Today's move is a breakout I would say, with a target of 450 once it crosses 419. Enjoy !

Pole-vault !

What a rally in Polaris ! 202-210 final resistance ... break above that, it will shine even more ! Enjoy !

Mphasis

Mphasis achieved its target today, crossing 315 level given exactly a month back :-) Above 330, clear, blue sky for Mphasis ! Enjoy !

Maruti

As suggested three days back, Maruti moved perfectly and achieved targets. In doing so, it has also broken above the channel it was stuck in for last three months. Maruti should be headed towards 1010 I would say and it would be a buy on declines to 955, with stops at 936. Enjoy !

ICICI

ICICI has closed today below the rising channel it had been moving in since 12th Dec. Support at 879-874, below which, it would be weak. However, the trendline drawn from the July 2006 lows has held so far except once on 12th Dec, when it was violated with the scrip closing below it. The scrip bounce back the very next day and respected the trendline by closing above it. Break of this trendline again and two closes below it would be bearish for ICICI, I would say. Trade accordingly.

Hindalco Triangle ?

It seems like Hindalco has moved out of the large triangle that it has formed since May 2006. The move today wasnt very convincing though as it wasnt supported by volumes. Still, I would keep a watch on it and a close above 185 should signal an upmove to 193 levels. Close above 195 should target 205-215.

ACC

ACC closed below the rising channel it had been moving in since 13th Dec. 1060 would be the level to watch ... weak below that with support at 1036-1018. Trade acordingly.

Dawn of 2007 !

As we say farewell to 2006 and await the dawn of 2007, I pray that it brings for all of us ....

Divine blessings
Unconditional love,
New oppurtunities,
Peace of mind,
Well-deserved success,
Unfettered happiness,
and ...
Boundless joy !

God bless us all !