Tuesday, May 20, 2008
NIFTY . (consider on going rally 4916 are a strong support) close below first sign of corrective rally fizzle out.) Today support 5143, crossover 5168, immediate target 5200 or 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 : (Higher level strong hurdle 17500, down side strong support 16546, between these trend market in a trading range) Today support 17334, crossover 17500 and sustained above immediate target 17700 or above. 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. Consider support of 2600, crossover 2650 immediate target 2700 or above |
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RCOM Monthly support 552 Decline to buy only.. with consider strong support 575... last and final hurdle exit 610, thereafter heading towards 650, 700 in coming days. |
TATA POWER : Today support 1430, 1411, higher level it will face resistance 1450-1460 thereafter major up side on the card and likely towards new high. (Bullish break out with volume) http://www.bharti.com |
SUZLON ENERGY : Massive resistance 317-320. |
SAIL : Monthly support 175 Likely target 200 +. |
SESA GOA : Heading towards 5000 mark in coming days. |
RANBAXY : Ultimate target 547, 592 in coming days. Yesterday closed above 502 which is bullish sign. Today support 504, 501, it will face resistance 519, 530. SUPER HOT BUY....... |
AXIS BANK : Solid accumulation, keep a stop loss 875 for 950, then more up side |
IDEA : Last and final hurdle exit 112-113, thereafter see the power of chart in coming days. |
RNRL : For smooth up move it must cross and close above 117 two consecutive days. |
NTPC : Accumulation going on. Above 194 it will move like missile. |
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