Wednesday, April 30, 2008
Nifty: . Trend Decider of April -- 4808. Today support 5162, 5129, higher level crossover 5210, it can move up to 5291.
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. Hold 17022 ,looks very promising and short term target 18000 mark or above. Today crossover17531 more up side.
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 : Heading towards 4528… thereafter more up side
CNX IT (Monthly) : Monthly resistance 3945……
BANK NIFTY. Two close above 7850 more up side and short term target likely 8500 mark.
BANK NIFTY ( Monthly) Major Monthly Hurdle 7150…..
DOW INDUSTRAI AVERAGE : 200 DMA 13123. Last four months trading range 1260 to 12900.. Break out in either side looks one side move
S&P 500 : Watch for break out, last and final hurdle exit 1400-1450 range.
RELIANCE : Today support 2638 crossover 2680, it can move up to 2700, 2731, 2750 or above….
RPL : Today support 200, now heading towards 210, thereafter more up side. Bullish breakout with volume. Buy and buy only.
NTPC : Looks good and buy…. For the month of May 2008… Last and final hurdle exit 207 to 210, thereafter non stop target 232. Heavy consolidation continue, ready to big fly….
JP ASSOCIATES : From 240 to 268 our target achieved. Today support 261, crossover 272 immediate target 280 which is major hurdle of this counter and likely corrective
rally will be over at that level.
UNITECH LTD :See our break out level above 280 and 300, 10 % added in a single day……It will face resistance 342.
GMR INFRA : Today support 158, crossover 162, immediate target 165, thereafter it will move up to 173 or above. BIG FLY ANY TIME…. At current dirt cheap…..
LITL : Laxman Rekha 508… crossover real bull will charge in this counter. Yesterday after rise in 350 points, unable to cross 508 level. Once cross and sustained with volume immediate target 560 in a intraday.
INFOSYS Break out with volume now heading towards 1800 + mark in few session….
SATYAM COMPUTER : Higher level major hurdle 495-500 and close eye this counter….
HCL TECH : Higher level major hurdle 295-300 which is reversal area if unable to cross.
RANBAXY : Keep a stop loss 436 and buy……for target 547, 592 in coming days. Above 502 rocket like movement.
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