Thursday, April 24, 2008

Nifty: . Trend Decider of April -- 4808. Major hurdle 5135. Today resistance 5090, down side break 5000 only weakness up to 4980 and below.

Nifty (Monthly – April) Consider support 4808, 4600,4450, higher level it will face resistance 5000, 5148, 5562.

BSE : Trading range 15300 to 16500. Monthly trend decider 15849.. sustained above target 17022, 18400, down side support 14471. Higher level major resistance 16900, 17022, crossover and sustained above more up side, down side support exit 16589, below selling pressure
in the market.

BSE (Monthly – April) : Monthly trend decider 15849.. sustained above target 17022, 18400, down side support 14471.

BSE (Quarterly) : Higher level quarterly resistance 17176.. above looks good

CNX IT : If break 3968 and close below weakness only, otherwise short term up side.

CNX IT (Monthly) : Monthly resistance 3945……

BANK NIFTY Today resistance 7403, 7500, down side support 7273.

BANK NIFTY ( Monthly) Major Monthly Hurdle 7150…..

DOW INDUSTRAI AVERAGE : 200 DMA 13123. Last four months trading range 11500 to 12850.. Break out in either side looks one side move..

RELIANCE : Monthly Trend Decider 2271. Avoid any trading, wait for consolidation. It will face resistance 2592, 2617, down side break 2565 weakness persisting.

BHARTI TELE : Monthly trend decider 793. Today resistance 854, 870, down side break 837, free fall up to 828, 821 or below.

REL: Monthly trend decider 1310 : Next up move only if close above 1400, Higher level it will face resistance 1352, 1368, down side strong support exit 1300, thereafter more weakness. Higher level avoid buying and keep a small stop loss of 1400 and play for short sell.

UNITECH LTD : Ready for bullish break out if hold 293 with volume , thereafter 10 to 20% up move immediately. Ready to bullish breakout and buy open quantity.

ASHOK LEYLAND : Bullish break out above 40….. Target 44…. (Yesterday our all client bought heavily above 40)

HCC : Today support 136, upper side crossover 141 and sustained with volume solid up move on the card…. (please visit www.lavasa.com and invest in this counter)

GDL LTD : 100 to 118, our first target achieved. Trade and sustained above 118-120 one side move….

HOTEL LEELA We have recommended 40 and our target 50 + achieved yesterday…. Higher level major resistance 55.

ARVIND MILLS Today support 54, higher level major resistance 57 of 200 DMA.

ALOK IND Keep a stop loss 64 for long position.

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