DATED :19^thJUNE 2008

Yesterday High are very Crucial

Nifty - 4680, BSE 15790

Remain below bear favour......

Today panic

Nifty support 4490-4500

Break & Close below 4500 will confirm the corrective rally will fizzle out and processing will start of retest of New Lows.

NIFTY FUTURE

Break 4556, down side target 4528, 4490, thereafter

NIFTY Today it will face resistance 4610, down side break 4565, immediate target 4500 or below.

NIFTY (Monthly) Trend Decider 4990, continue close above, positive only, down side remain below, 4681, 4493 and below, higher level above 4990, it will face resistance 5178.

BSE Decisively break yesterday low 14645, short term target 14289. (close above 15825 non stop target 16500 ) Today resistance 15535, down side break 15377, immediate target 15278, 15134 14830 (which is last and final support, thereafter vertical fall can not be ruled out.)

BSE (Monthly) Trend decider 16782, remain below, down side target 15829, 15242, higher level it will face resistance 17368, 18322.

BANK NIFTY : Our target achieved, keep a stop loss 6400, lion heart traders sell.....

RELIANCE Monthly level 2606 Higher level 2350 are major resistance and remain below bear will upper hand, down side break 2280, down side target 2265, 2235 ..On panic watch the support level 2066. Keep a stop loss 2350 for selling.

RNRL : Monthly trend decider 110. Higher level it will face resistance 97, down side break and trade below 90 looks bearish and sell.

IFCI : Below 55 looks hot sell.......

TATA POWER : Below 1324 we are in a selling mode and our down side target........

PRAJ IND. : Keep a stop loss 204 and sell only... Two close below 187, down side target 150.

DABUR Crossover 102 looks good and buy.

ICICI BANK : Monthly trend decider 845. Keep a stop loss yesterday high 835 and play for short sell....down side first target 751, thereafter real weakness will start.

PNB : Below 472 sell only.

IOB : Hold 120 looks good and short term up move continue