Techncial Calls:PFC,Chambal and Pantaloon Retail

By | September 27, 2012 8:03 am

In any particular trade you never really know how far prices will travel from any given point. If you never really know where the market may stop, it is very easy to believe there are no limits to how much you can make on any given trade. From a psychological perspective this characteristic will allow you to indulge yourself in the illusion that each trade has the potential of fulfilling your wildest dream of financial independence. Based on the consistency of market participants and their potential to act as a force great enough to move prices in your direction, the possibility of having your dreams fulfilled may not even remotely exist. However, if you believe it does, then you will have the tendency to gather only the kind of market information that will confirm and reinforce your belief, all the while denying vital information that may be telling you the best opportunity may be in the opposite direction.

Pantaloon Retail

Pantaloon has rallied 17% in current week on back of FDI in multi brand retail but comments coming from BJP senior Leader and Walmart Asia CEO seems it will be difficult to invest in India so stock can see a pullback .

Sell below 210 Tgt 204.8,202 and 197



PFC has rallied from 152-204 in 10 trading sessions, stock is seeing a pullback from past 2 sessions and is approaching near crucial support of 186.

Buy in range of 186-187 Tgt 191,194 and 196


Chambal Fertlizer


Chambal at trendline support

Buy above 72.3 TGt 73.3 ,73.9 and 74.4


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