Report for May 10, 2010

Dabur india ltd (Wrong news operation going on ) go short target 170-165

***Few days back , some News of Dabur Acquiring Paras Pharma came out & Also Actis (Pvt EQ fund) to Quit Holdings in Paras Pharma

***Dabur moved up straight from 180 to 190 when the entire maket weak.

***Now Paras pharma denied that Actis selling their holding !

Now what can happen to this stock ??????

Just sell DABUR around 183-185 sl at 187 . Any panic sell off at open and stock breaks 174 level can crack to kiss 170-167 for the day ,weak closing for a couple of days can take it to 164-162 this week itself.

Good luck


Dabur crashed from 183 to 176 !!! enjoy