Tuesday, May 6, 2008

NIFTY . Today support 5164, 5140, crossover 5210, target 5260.. Higher level major resistance 5300. Close below 5125, short term weakness in the market.

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 resistance 17750, down side watch the support level 17250 whether hold or not.

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 : Strong support 4140, till then no problem.

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 : Higher level 8000-8100 are a good resistance, if unable to cross these level, selling is a best strategy.

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.


PFC : Higher level it will face resistance 192, thereafter more up side on the card. (Yesterday our clients bought above 172)

SAIL Monthly support 175 Higher level major resistance 188-190 if unable to cross sell this stock..http://www.bharti.com

IFCI : Monthly support 54. Higher level consider major hurdle 64, crossover only positive otherwise sell only.

PEN LAND : Last and final hurdle exit 112, thereafter sharp up move, down side support 100-98 hold up move continue.

HCC : Today panic up to 140-141 are best with stop loss 137 target 150 or above.

NOIDA TOLL : Once cross 55 successfully immediate target 61, buy open quantity (Super Hot Buy)

UNION BANK: Major hurdle 170....once cross and sustained above, it will show real power...

SBI : Higher level major hurdle 1840..if unable to cross these level in coming days, sell only.

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