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


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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