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1. 4TH October 2012
DAILY CHARTIST
VIEW

2. HIGHLIGHTS
 Market showed a positive trend on Wednesday
 Nifty futures up 14.10 points at 5768.25
 We recommend to hold position in BGR Energy sell call
and take position in the additional call provided below
 Sell BGR Energy below 273.20 for targets of 270/265
 Stop Loss is recommended at 275.55
 Sell JSW Steel below 733.20 for targets of 727/719
 Stop loss is recommended at 741
 Past Performance:
Sterlite made it all in one shot
Our target was 103, and it made a high of 103.25
Tata Motors hit final target 285
We said 285, high of 288
Enjoy full profits

3. BGR ENERGY- HEAD AND SHOULDER
SELL BELOW 273.20 FOR TARGET OF 270/265
BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235
Sell BGR Energy below 273.20
This is an Intraday call as BGR energy is listed in cash
Target is expected of 265 but Investors can book profit at
270
It is making Head & Shoulder on Hourly chart
Break out will come below 273.50. SL 275.55

4. JSW STEEL-DOUBLE TOP
SELL BELOW 733 TARGETS 727/719 SL 741
Sell JSW Steel below 733.20
JSW Steel is making Double Top on hourly chart
Break out will come below 733.50 and expect rally to
continue till 715
Stop loss is recommended at 741
Century Textile sell call was not executed; Investors’ are
advised to exit from that call.

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