Thursday, May 15, 2008

NIFTY . Today support 4990, 4951, crossover 5020, immediate target 5047, 5084 and above.

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 16873, crossover 17016, immediate target 17120, 17261. (Higher level strong hurdle 17500, down side strong support 16546, between these trend market in a trading range)

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.

REL: Monthly support 1342 Today support 1400, higher level crossover 1450………………?

ESSAR OIL : Watch the level of 236-240 range on panic…

JP ASSOCIATES : Monthly support 252 Today support 256, crossover 262, immediate target 272.

LITL : Today support 495, higher level massive resistance 540-550, close above fantastic up move on the card.

ONGC : Today resistance 956, down side strong support 900-920.

INFOSYS : Monthly trend decider 1657. Remain above 1657, upper side target 1905, 2057…. Decline to buy only……today support 1800..last and final hurdle exit 1863, thereafter more fire works

HCL TECH : Broken strong resistance 300 and closed above, now ready to touch 335.

RNRL : Monthly support 115. Today support 105, crossover 110, over all buying in the market.

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