NIFTY . (consider on going rally 4916 are a strong support) close below first sign of corrective rally fizzle out.) 5172 are a major hurdle. Today resistance 5051, 5092, down side it will take support 5000, break and trade below with volume more weakness up to 4984, 4943, 4915. (U Turn from the lower level)

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 resistance 16958, 17013, down side break 16863, immediate target 16717, 16570, thereafter U turn on the card.

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. keep a stop loss 2590 and buy, sustained above 2610 looks positive and more up side on the card.

REL CAPITAL : Monthly support 1387 Down side support on panic 1300-1330 range, higher level it will face resistance 1400, 1420. Above 1236 great gun...http://www.bharti.com

ISPAT INDS : Just check, yesterday what we had written about this stock. Decline to buy only, above 36 target 38, 40......

BALRAMPUR CHINNI : Monthly support 98. Below 99 more selling in this counter, higher level it will face resistance 102.. cross and sustained, fantastic up move.

CAIRIN On rise sell with consider resistance 325, 331, down side break 317 and trade below, looks bearish up to 310 or below.

ONGC : Massive support range 900-915, it should not break under any circumstances, otherwise, real panic will start.

PFC : Watch the support level of 140, break, trade and close below, free fall on the card.

MTNL : Below 106 bear favour.

ASHOK LEYLAND : Next up move only above 40.50 if close, otherwise selling is a best strategy.