Friday, May 30, 2008

NIFTY Higher level major resistance 5094. Today resistance 4864, down side it will take support 4800, break and trade below more weakness on the card

BSE : Today it will resistance 16392, 16450, down side below 16195, down side target 16100.

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.

RPL : Consider support 171 for long position. Today resistance 178, 180, down side support 171, break below more panic on the card.

SUZLON ENERGY : Below 280, free fall continue......Today resistance 285 290.http://www.bharti.com

TISCO : Monthly support 760. Buy this stock on panic with consider stop loss level 853.


ESSAR OIL : Today resistance 232, 236, down side break and trade below 228, free fall up to 220, thereafter major weakness expected.

LT : Consider stop loss 2662 for long position, trade and sustained above 2885 short term target 3350 +, Decline to buy only.

NEV LIGNITE Keep a stop loss 155 and maintained short position, below 137, more selling pressure in the market.

IFCI : Decline to best buy.... Trading range 54 to 67.....(RIL likely prominent bidder)

DLF : BELOW 580 looks bearish.

UNITECH : Below 237 sell,,,

SATYAM HIGHLY OVERBOUGHT...SELL...

JP HYDRO Two close below 60 free fall,,,

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