Friday, March 14, 2008
Nifty Below 4620- down side target
4450- thereafter 4094.
BSE Likely Test - 14700-14500-14300
Higher level strong hurdle Nifty 5190...5368.
Close below 15332, non stop target 14500, 14300 which is aggressive buying zone and deat cat bounce area.
NIFTY FUTURE :
Will it touch 4450, 4420.......?
Today resistance 4634, down side support exit
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... be prepare please.
Please watch monthly level and decided your trading strategy in the month of March... Trade below bearish and trade above bullish.
Nifty: Today it will face resistance 4691, down side break 4580, immediate target 4500, 4450 which is a major support.
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 )
BSE : Broken 16457, now down side target 15332 short term. As remain below 18137 down side target 15876, 14365. . Today resistance 15485, down side break 15228, immediate target 15099,14841, 14500 +.
BSE ( Monthly) On monthly basis strong resistance 17643, remain below down side target 16392, 15206, higher level it will face resistance 18200-18500.
CNX IT Now heading towards 3288.
BANK NIFTY : Remain below 7100, down side target 6000 +. Today resistance 7000, down side break 6840 free fall up to 6607 or below
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. Today it will face resistance 2260, break 2200, down side target 2125 which must hold and it should close below, otherwise....
RCOM : Consider 490 are a strong support. It will face resistance 508, down side break 495, immediate target 485 and sustained below 10 minutes it will come down up to 462, 455, 450.
RNRL : Monthly resistance 138. Below 106, down side target 92, 76 in coming days.
REL CAPITAL : Below 1300 bear favour and likely it will touch 960 + in coming days.
TATA POWER : Below 1170, down side target 1124, 1080. Break, trade, close below 1075 vertical fall on the card
SUZLON : On lower level watch the support level...220, whether hold or not.
JP ASSOCIATES : Monthly resistance 300 Watch the last and final support zone 198-202, hold start buying in small lots...
DLF LTD : Sell on rise only It will face resistance 637, down side break 590, it will come down up to 564, thereafter 525... At lower level buy this reality major and forgot about the market. (Yesterday heavy short selling were seen in this counter in the last hrs of trading.)
PFC : Below 154, down side target 144, 140 which is last and final support zone. Hold start buying in small lots...
BAJAJ HINDUSTAN : Strong support 195-200 zone.
BALRAMPUR CHINNI Strong support 76-80 zone.
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