Wednesday, April 16, 2008
Nifty: . Trend Decider of April -- 4808. . Break out in trading range…. Today it will take support 4835, 4800, crossover 4920 one side move up to 4961, 5000.
BSE : Trading range 15300 to 16500. Monthly trend decider 15849.. sustained above target 17022, 18400, down side support 14471. If up move continue likely
target 16450. Today support 15992, crossover 16250 non stop target 16450-16500.
CNX IT : Today support 3968, crossover 4075, it can move up to 4138 or above…
BANK NIFTY Today support 6858, higher level it will face resistance 7000.
RELIANCE : Monthly Trend Decider 2271. Ready to bullish break out, thereafter one side move…. Today support 2580, higher level crossover 2637, it can move up to 2655 and sustained with volume and close…real bull run will start in this counter….thereafter you will see
3000 mark in coming days.
RNRL : Monthly Trend Decider 107. Trading range 94 to 107 , wait for crossover range, thereafter open qty. buy ……(some smart operators taken a big position on
yesterday)
REL : Monthly trend decider 1310 . Higher level it will face resistance 1300-1310. Today support 1286, crossover 1310, and stay with volume….real bull will show
power and immediate target 1400 or above.
JP ASSOCIATES : Today support 215, crossover 221 immediate target 226-228, thereafter more up side.
GMR INFRA : Monthly trend decider 150. Buy on panic…..stop loss 130 and buy for 170 + mark in coming days.
INFOSYS : Monthly trend decider 1428. Today support 1485, higher level massive resistance zone 1530-1550 if cross successfully and sustained above immediate 100 +, (yesterday heavy short covering were seen)
TCS : Monthly trend decider 834. Today support 946, higher level massive resistance 990-999…. (yesterday heavy short covering were seen)
UNION BANK : Close eye 158 crossover and sustained
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