Management is buying at lower level and this stock will now go up and technically it is going strong now.
Weak Positive Candidate -Short term, Sep 2, 2008 Analysis Explanation
AFTEK LTD has broken through the ceiling of a falling trend channel. This indicates a slower falling rate initially, or the start of a more horizontal development. Has reacted back after the break of the double bottom formation. There is support around 39.55, which now indicates good buying opportunities. An established break through this support will neutralize the positive signal. The stock is between the support at 39.30 and the resistance at 42.20. A definitive break through of one of these levels predicts the new direction. Volume tops correspond well with price tops, and volume bottoms correspond well with price bottoms. This strengthens the stock. The stock is overall assessed as technically slightly positive for the short term.

chani...

No hidden profit and don't rely on this. Technically this stock is going to be dumped by the LIC and UTI.

Negative Candidate -Medium term, Sep 2, 2008 Analysis Explanation
HINDALCO shows a weak development within a falling trend channel. A further negative development is indicated, and there is resistance against the ceiling of the trend channel. Gave a negative signal from a rectangle formation by the break down through the support at 161. Further fall to 97.96 or lower is signaled. The stock has resistance at 136. The stock is overall assessed as technically negative for the medium long term.

On Thursday there will be blood bath on hindalco stock because it is going to refinance on double rate of rate of $2bn. further there is no delivery period is going to expire on thursday and this stock will touch 115.85 first.

chani...

Hindalco
25-08 Hindalco has support at Rs 126: Gujral
22-08 Can mkts trend higher ahead of F&O expiry?
22-08 Hindalco leads gainers on Nifty
19-08 Sell Hindalco at higher level: VK Sharma
19-08 Sell Hindalco: Mohoni
19-08 Hindalco looks weak: Bose
19-08 Nifty may breach 4300 levels on selling pressure: Bose
18-08 Mkts to consolidate going ahead: Experts
18-08 Don't hold Hindalco says D Dutta
18-08 Stocks to watch: GSK Consumer, KNR Construction
18-08 What is plaguing the Hindalco stock?
18-08 Hindalco has target of Rs 184: R Arora
18-08 Macquarie sees Hindalco's FY10 EPS growth at 7-8%
18-08 Expect lower level in Hindalco: Sukhani
18-08 Hindalco Industries hits 52-week low
14-08 Hindalco prices rights at Rs 96/share
08-08 Mkts end the week marginally up; consolidation continues
04-08 Holding co mess: Should Press Note 1 stay or go?
30-07 Support for Nifty around 4076-4160: Modern Shrs
29-07 Some downside left in Sterlite Ind: Bose
28-07 Hindalco Industries PAT at Rs 696.8cr was up 16%
28-07 Hindalco Q1 net profit up 15.6% at Rs 697 cr
Well all analysists have given sell signal and all are paid by hindalco management to throw bad news in the market, so that management can buy at lower level. On the one hand everybody says this company is flagship company of Birla group and sound company and now nobody is saying it is worth buying. After the right issue positive news will start coming and then people will rush to buy. This is part of the game played by company. My advise for you that you do whatever your mind and hear says and don't listen to these bloody paid analysists. They don't reveal exact position.

chani...

The company will close its book on 5th September 2008 for the purpose of entitlement of the said Rights Issue. Further please note that Committee of the Board has also fixed same book closure date i.e. 5th September 2008 for the purpose of payment of dividend @ 185% on equity shares and @ 6% on preference shares".The issue price of the Rights Issue shall be Rs. 96 per equity share i.e. face value of Rs. 1 per equity share and at a share premium of Rs. 95 per equity share. 2) The ratio of the Rights entitlement will be three equity shares for every seven equity shares held by the shareholders instead of one share for every three shares announced by the Company earlier as determined in the meeting of the Board of Directors held on June 20, 2008
Corporate Action Information
Record Date - EX - Date 28-AUG-08
BC Start Date 05-SEP-08 BC End Date 05-SEP-08
ND start Date 28AUG2008 ND End Date 4SEP2008
Purpose RHS 3:7@PREM RS95/DIV185%

chani...

downtrend continue up to 108.
Neutral -Short term, Aug 25, 2008 Analysis Explanation
3I INFOTECH is within a falling trend and continued decline within the current trend is indicated. On reactions back, there is resistance against the ceiling of the trend channel. The stock is testing the support at 109, which may give a postive reaction. The stock is assessed as technically neutral for the short term.

chani...

it will not go below 34 now and from here it is buying signal for 45 only.
Neutral -Short term, Aug 25, 2008 Analysis Explanation
Aftek Limited has broken the rising trend and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. Has reacted back after the break of the double bottom formation. There is support around 39.60, which now indicates good buying opportunities. An established break through this support will neutralize the positive signal. The stock is testing the resistance at 40.00. This should give a negative reaction, but an upward breakthough of 40.00 means a positive signal. The stock is overall assessed as technically neutral for the short term.
chani...

impossible. It can touch only 152 and then 110. After one year it will touch 184. Technical also says sell signal.
Negative Candidate -Short term, Aug 25, 2008 Analysis Explanation
Hindalco Industries Ltd. has risen up towards the ceiling of the falling trend channel. A continued decline may be expected and the current price level may be a good exit price. The stock is testing the resistance at 136, which may give a negative reaction. Negative volume balance weakens the stock in the short term. The stock is overall assessed as technically negative for the short term.

chani...

How \\\\`accurate\\\\`! Only difference is that to -day\\\\`s price was around Rs. 126/. All can\\\\`t be Warren Buffet....

Hi chani, thanks for giving right information at right time?...

What od u think about current level? It do not hold to ur technical support levels. Will it reach to 33 -30 again? cheers ... Power-M...

Hi chani, Ratio/record date for Hindalco right issue has been declared oR not? If declared then please intimate? Thanks in advance....

Hi Chani, I am not agree with yours view point. Its 52 weeks low is 38 and has strong support at that level. It is expected market will move upward in near future. Zee News fundamentally is good company & has huge uoside potential. In short term can touch Rs 50 as per my analysis. accumulate it if you can gey below 40....

Thank u sir for your detailed reply.I am honoured...

chani,you are wrong I sold this stok @200+ in the recent past prices of ALUMINIUM have shown a weak trend recently but its one of the bet stocks in the metal space...