After a continous downtrend, the price will go into correction and pullback is expected. We are not taking any postion on this stock. The stock is also under 200DMA
Tatamotors broken major support line, it is near 200 DMA, We will be watching this scrip to give a clear direction in breakout of 200 DMA. Automobile as a sector is in bearish sentiment.
March 23 There are several bad news flowing against Bajaj Auto. The stock fell over Rs400 in the past two months. The stock just crossed 200 DMA and we predict a strong sell with strict stoploss. The inventory level increased high in the last month, this also points a bearish trend to the price.
BAJAJ-AUTO price action indicates that there is a support at 1741.8. A breakout at this level may indicate a drop in the price.
After a long down trend, we seen a pull back, but it looks down trend for a short term
March 21 19:30hrs Bearish on eurusd
March 21: Bank scrips still faces a downturn until we finish this month expiry for F&O
CBI conducts raid at Stalins house on illegal import of cars.
March 21 Since the price 2200, Bajaj-auto is continously falling. There are various factors going negative to this stock. Even thou company says they are comfortable with balance books and hedged for 2014, but this is not stopping the stock to come down every day. Srilankan new tax levy is also one of the reason for stock pulling down.
We are bearish on this stock and we recommend option trader to buy put BAJAJ-AUTO OPTSTK/1,750.00/25 Apr 2013 (PE) at 42 and book profit at 95, with stoploss at 25.
March 21st 14:38 sell eurusd at 1.286, target 1.2835, stoploss 1.295
Producers have invested 550 crores on Sanjay Dutt for the upcoming new movies!