Monday, May 26, 2008

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 4982, down side below 4940 immediate target 4900, thereafter more fall on the card.

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) It will face resistance 16776, down side break 16600, immediate target 16500, 16348.

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. Today resistance 2590, down side break 2550, immediate target 2525, 2492 (which is major support of this counter.) Far support 2450.

BHARTI TELE : On panic catch, looks worst is over.....(Deal off, stock rise)http://www.bharti.com

GMR INFRA : Monthly support 155. Below 140 no need to buy........likely target 133, 130 in short term. (long term investors, excellent buying opportunity, we are highly bullish in this counter)

BAJAJ HINDUSTAN Monthly support 222 Down side major support zone 202-207 and check whether hold or not.

BALRAMPUR CHINNI : Monthly support 98. Below 99 target 91-90, real strength show only above 102 if close with volume.

NEVY LIGNITE : Break and trade below 138 looks free fall on the card.

EDU COMP : Stop loss for long 3655, close below exit your long position

SUZLON ENERGY : Massive resistance 317-320 and see unable to cross and close and started down ward journey. Break 289 sell,, as remain below 320, down side target 262.

SBI : Major resistance zone 1743... Sell on every rise Today resistance 1590, 1600, down side support 1550..... Sell, Sell..............

HDIL : Keep a stop loss 868 and selling on rise is a best strategy.

UNITECH LTD : Monthly support 297 We are selling mode from the level of 297... Break and close below 260, selling pressure will accelerated in this counter.

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