Thursday, March 27, 2008
Break and Trade below
BSE 16009, Nifty 4008 - selling in the market.
Higher volatility today
Down side Major Support 4450-4500...
Short term bottom established 4450.... Advised to book profit and re enter at lower level only.
Close below 15332, non stop target 14500, 14300 or even 13300 which is aggressive buying zone for smart traders.
NIFTY FUTURE :
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Today break 4815 looks weakness.....
Every decline valuation are attractive and tempting to buying, but until or unless technical cycle will not complete best way to avoid. More server correction in coming days and wait till the buying opportunity emerged.
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.
Please watch monthly level and decided your trading strategy in the month of March... Trade below bearish and trade above bullish.
Nifty: Today resistance 4850, down side break 4800, it will come down up to 4787, 4746, higher level it will face resistance 4900-4910. Higher level 5020 and 5091 are a major hurdle.
Nifty Monthly : On monthly basis strong hurdle 5190, 5368 close above only think trend reversal only, down side remain below 4836, short term target 4450 in the month of March 2008. ( Market may bottom out April, thereafter one side move ) Close below 4450 down side target 4250.4180.
BSE : Broken 16457, now down side target 15332 short term. As remain below 18137 down side target 15876, 14500, 14365, Down side break 16009 selling up to 15835 and below.
BSE ( Monthly) On monthly basis strong resistance 17643, remain below down side target 16392, 15206, higher level it will face resistance 18200-18500.
DOW INDUSTRAI AVERAGE : Higher level strong hurdle 12700......
CNX IT : Today resistance 3845, 3903....
BANK NIFTY : Today resistance 7143, 7208.
SAIL : Cross and sustained above 206 real strength show of this counter......today support 195 if hold no problem for bull ....
TISCO : Today support 650, 632, higher level it will face resistance 676.
ESSAR OIL : Major resistance 225-228 zone... rise up sell only..............however, high beta stocks......
BAJAJ HINDUSTAN : Higher level sell only with consider strong hurdle 198-200 range.... Today break 191, down side target 185 or below...
SUZLON : Consider strong hurdle 240 and sell this stock, last and final support exit 220, thereafter major down side on the card...
ICICI BANK : Monthly resistance 1110.... Down side major support 810-790 Higher level two major hurdle 900-925 range ...close eye... if unable to cross sell only..... today resistance 858, and support 800.
UNION BANK : Higher level sell only with consider resistance zone 167.
Reliance . Monthly resistance 2446, three close above, think trend reversal only. Down side major support weekly and monthly chart looks 2100-2125 and close eye these level, whether hold or not. Higher level strong hurdle 2340-2350.... Today support 2267, 2242... higher level short term resistance 2331. Just check our resistance level and we have gone short Tuesday it self.
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