Fwd: BUY NTPC ABOVE 203

BUY NTPC ABOVE 203.

STOP LOSS BELOW 196 ON CLOSING BASIS.
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update as on 19.7.10

ntpc 204

HAVE WE TOPPED AT 18167 OR WE ARE VERY CLOSE TO TOP ?

WE ARE MOVING IN A SIDEWAYS CHANNEL SINCE TOP MADE AROUND 17500 LAST YEAR.LOWS ARE NEAR 15000/15500 

AND HIGHS ARE IN 18000/18167(top so far) RANGE.

GLOBAL MARKETS ARE IN RELATIVELY BAD SHAPE. WE MAY FOLLOW THEM.RESULT SEASON IS GOING TO BE OVER 

SOON.WE MIGHT HAVE TOPPED AT 18167 OR WE ARE VERY CLOSE TO IT.ONLY A DECISIVE CLOSE ABOVE THIS 

CHANNEL   CAN BRING BULLISH OPTIONS TECHNICALLY.

BREAK OUT OR BREAK DOWN FROM THIS CHANNEL MAY BRING TARGETS OF 23K OR 13K IN PLAY IN COMING 

QUARTERS.

I MAY GO TOTALLY WRONG IN MY VIEW ALSO.DO YOUR OWN STUDIES.

VIEWS ARE WELCOME.

PANKAJ SHAH

19.7.2010