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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