Friday, February 29, 2008

Today - Budget Day

High Volality in the market but in

Favour of bulls......

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Higher level strong hurdle 5368....

BSE major hurdle 18250-18500

BSE Major support 17250-17200

Break and trade below severe panic on the card

NIFTY FUTURE :

Today panic catch with consider major support 5000-5050 if hold you will see 5500-5600 mark in coming days.

CNX IT : Real strength show only above 4115 if cross with volume.

We do not just provide a Trading Call ,- BUT - we are also providing how to protect your capital as well as make a profit in volatile market.

Nifty: Today support 5240 break below immediate target 5201, higher level it will face resistance 5316, 5347, 5370, thereafter one side move.

Nifty Monthly : Hold 5314 it will touch 5396, 5481, 5500, down side it will take support 5143 and below it will come down up to 4975, thereafter vertical fall up to 4600-4500 range.

BSE : Today support 17702, higher level it will face resistance 17921, thereafter over all buying in the market.

BSE ( Monthly) 18062 are a good support in the month of Feb. break, trade and close with volume panic can not be ruled out, 15332 in short term, upper side it will face resistance 19000 and 19440. Higher level cautious approach.

Reliance . Trading range of this counter. 2235 to 2650. Higher level crossover 2632-2642 and sustained above think positive only..... It will face resistance 2550, crossover with volume some positive movement, down side strong support exit 2499 or below.

SUZLON ENERGY : Today support 290..... if hold no problem for bulls.. break and trade below real panic will start and exit your long also. (trade in both side according to market mood)

IFCI : Keep a stop loss 60 buy and sell on rally is a best strategy.

TVS MOTORS : Worst is over and buy...........

BAJAJ HINDUSTAN : today support 242, higher level 249 looks good.....

BALRAMPUR CHINNI:Above 90 continue looks good and hold your position. Last and final hurdle exit 102

UNION BANK : Below 180-185 looks bearish and sell..... down side target 165 in short term.

BANK OF INDIA : Above 357 close eye .

SATYAM, WIPRO, HCL TECH : All looks good....

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