NIFTY Consider yesterday low of major support 4835, break and trade below another round of panic. Today it will take support 4893, 4860, higher level crossover 4926, immediate target 4951, 4984. Higher level major resistance 5094.

BSE : Today support 16435,, crossover 16563, immediate target 16653, 16751, 16900,17000 expected in short term.

BSE (Monthly May 2008) 16688 are a trend decider of the May 2008, remain above upper side target 18079, 18871, down side trade and sustained below (16688) 15896. (May month are very crucial of the Indian Market , if hold 15000 first sign of worst is over)

CNX IT (Monthly May 2008) 4140 are a trend decider of the May 2008, higher level sustained above target 4652, 4947, down side below target 3844.

BANK NIFTY (Monthly) Watch the support level of 6300 and 6030 on panic and start buying in small lots.

RCOM : Monthly support 552 Higher level it will face resistance 562, down side support exit 539, 527 for long position.

RPL : Consider support 171 for long position. Today support 179, 178, higher level it will face resistance 184, sustained above more up side on the card. http://www.bharti.com

TISCO : Monthly support 760. Keep a stop loss 853 and remain invested in this counter.

DLF LTD : Monthly support 675. Down side support 590, 580, if hold in coming days, short term target 656 (for corrective rally only)

JP ASSOCIATES, UNITECH, GMR INFRA, HDIL : Corrective rally and try to exit at higher level.

CHAMBAL FERT : Higher level it will face resistance 93.50 and likely reversal up to 87.50.

NTPC : Higher level it will face resistance 180... once cross and sustained looks good and sharp up move on the card.

TCS Hold 970 up move continue.

INFOSYS Monthly trend decider 1657. Keep a stop loss 1850 and buy, likely target 1950. 2000.

ICICI BANK : Hold 800 target 862.

BANK OF INDIA : Short term rally up to 307, 321.

AXIX BANK Higher level it will face resistance 820, 831, 840.