Monday, May 5, 2008
NIFTY . Today support 5184, 5141, higher level crossover 5250 looks promising and target 5300 mark.
NIFTY (Monthly May 2008 ) Consider 5000-5008 are a good support and remain above first target 5388, thereafter 5688, down side trade and sustained below (5000-5008) 4786, 4406. Your stop loss for long position 5000 mark.
BSE : Today support 17556, crossover 17621, it can move up to 17665, 17731.
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 : Down side support 4400 crossover 4500 one side move.
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 : Today support 7848, crossover 7900, it can move up to 79cc 7974 or above.
BANK NIFTY (Monthly) 7297 are a trend decider of the market, remain above target 8145, 8660, down side it will take support 6778.
DOW INDUSTRAI AVERAGE Hold 13000 target 13250. S&P 500 : Watch for break out, last and final hurdle exit 1400-1450.
RELIANCE : Monthly Support 2525. Today support 2664, 2640, higher level strong hurdle 2700, cross and sustained above looks good and one side move.
IDEA : Monthly support 105…and decline to best buy. Volume chart indicate that something cooking in this counter. Last and final hurdle exit 113, thereafter…… Our target 150 mark in coming months
REL: Monthly support 1342 Today support 1503, crossover 1538, it can move up to 1552 and sustained above more up side in this counter. Continue close above 1552, it will touch 1675 +.
UNITECH LTD : Monthly support 297 On decline to buy only, short term target 342 +.
HDIL : Monthly trend decider 718. Today support 827, 799, crossover 851 and sustained above more up side.
M&M : Monthly support 660. Down side 688, 671 are a good support, higher level crossover 700, immediate target 710. Massive resistance zone 710-720.
EVERON SYSTEM LTD Heading towards 812, 864… buy and buy
DCB Today support 114, once cross and sustained above 120 heading towards 139.
INDUS BANK : Keep a stop loss 94 for long position…. Target 119.
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