Monday, May 12, 2008
NIFTY . Today resistance 5013, 5048, down side it will take support 4925, 4910 or below. (if hold these reversal, short term bounce back) 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 : It will face resistance 16850 down side break 16678, it will come down up to16568,16400 or below. 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) 7297 are a trend decider of the market, remain above target 8145, 8660, down side it will take support 6778. |
RELIANCE Monthly Support 2525. Broken all support level and advised to avoid this stock time being. Today resistance 2570, 2600, down side break 2510, it will come down up to 2467 or below. Below 2600 selling mode only. |
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RPL : Broken all support level..... Today resistance 185, down side break 180 with volume immediate target 175 or below |
RNRL : Monthly support 115. today resistance108, down side break 105, it will come down up to 100, if weakness continue down side target 93-95. http://www.bharti.com |
ASHOK LEYLAND down side remain below 40, short term target 38, 36. |
JP ASSOCIATES : Monthly support 252 It will face resistance 256, down side break 249, immediate target 242-240. |
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CAIRIN LTD : Below 285 we are in a selling mode. Heavy distribution for the last two trading session.. (volume are increasing trend and price are decreasing which indicate higher level distribution processing smoothly going on) |
DLF LTD : Monthly support 675. Today resistance 640, 650, down side below 625 more weakness. Panic catch this stock with consider support of 580 region and start buying at lower level. |
IDFC LTD Below 167 bear favour..... PRAJ INDUSTRIES Watch the level of 190 if trade and and sustained below looks bearish and exit your long position too. |
IFCI : As remain below 64.50 we are selling in this counter for the last 4 trading session, whereas others are very bullish. Watch the monthly support level 54 whether hold or not... however on panic looks good and buy. VDOCON IND : Time to book profit with consider resistance 392. |
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