Saturday, October 30, 2010

Sell Herohonda Nov Futures at or below 1845.00

Sell Herohonda Nov Futures at or below 1845.00
Targets 1836>><< 1829 >><<1796>><<1768>><<<<1736>>><<1721>><<<1706>>><<1680>>
Below each lower Target is new shorting opportunity
stoploss 1858.00
trade according to trend ...

Hero Honda, India's and the world's largest two wheeler maker by volume, posted a 15-per cent drop in net profit in the second quarter ended September, its biggest drop in quarterly profit in three years, due to spiralling input costs.
The promoters, who are said to be close to going their separate ways, said the company expects rising raw material costs to continue impacting future profits.

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