DATED : 20^thJUNE 2008

On Panic strong support

14677-14700

Yesterday High are very Crucial

Nifty - 4680, BSE 15790

Remain below bear favour......

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

NIFTY FUTURE

First 15 Minutes watch.....and keep a stop loss yesterday low (4488), If break weakness, If hold strong rally.

NIFTY Today resistance 4513, 4532, down side below 4488, immediate target 4450, 4410.

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 ) 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 : Below 6400, bear are upper hand and rise selling is a best strategy.

RCOM : Monthly trend decider 571. Looks positive as remain above 520... panic catch and sell on rally. Close eye and do not dare to short sell at lower level. This is a ADAG stock and any time will spurt like rocket. (We are accumulating this stock)

REL CAPITAL : Monthly trend decider 1320. It will fce resistance 1100, 1117, down side target 1050, break and trade below more panic.

BAJAJ HINDUST Monthly trend decider 201. Today support 184, higher level it will face resistance 190, crossover only move. Only buy....

PRAJ IND. : Looks good but higher level sell only around 203-205 sl 207 target 200 190 and below in short term.

HCL TECH : Below 280 super hot sell......

GMR INFRA Monthly trend decider 145. Trading range 105 to 115.... Some body are buying in small lots.

SATYAM COMPUTER : Monthly trend decider 497. Higher level sell only..........down side support exit 450, thereafter free fall....