Tuesday, May 27, 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 4886, down side it will take support 4815, thereafter more weakness.

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 16382, 16464, down side break and trade below 16300, more weakness up to 16266, 16185 or below. (free fall continue and short term target 15500)

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. Down side key support of 2497, 2477, if hold short term up move, higher level it will face resistance 2524, 2556.

REL CAPITAL : Monthly support 1387 Looks good with consider major support on panic 1237... buy only.......and hold. http://www.bharti.com

SUZLON ENERGY : Trading range 290-320, break and crossover in either side one side move.


IDEA :Close above 114, real show will strength.. consider strong support 103...

JP ASSOCIATES : Monthly support 252 Weakness continue up to 202 in short term... below 242 bear favour and sell.

PRAJ INDUSTRIES: Close eye 190, break and trade below real panic will start.

PFC : Below 140, down side target 131. (Sell ... Sell.....)

NEV LIGNITE Today good opportunity for selling at higher level with consider major resistance 150-155...

INFOSYS Monthly trend decider 1657. Today support 1860, higher level it will face resistance 1895, 1920, thereafter real bull move will start in this counter.

TCS : Consider 900 are a good support and decline to buy for target 980-1000. two close above 1000 more added in your position.

BANK OF INDIA : Close watch, showing strength in falling market.

DIVIS LAB : Stop loss 1360 for long.... Looks good.

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