Monday, June 23, 2008
DATED : 23rd JUNE 2008 | |
Technically market are over sold zone, and likely continue Today Watch Nifty 4182 on panic Nifty / BSE Sensex - Broken all support level and there is no support level in far side. - Be prepare for severe fall in coming days. What is the priority of Govt. ? 1. Control of Inflation to save common people. Or 2. Clear a Indo - USA Nuclear Deal, so uncertainty in the country/market. | |
Break & Close below 4500 will confirm the corrective rally will fizzle out and processing will start of retest of New Lows. It was did it on 20th June 2008 | |
Please trade with Trading Plan like Entry Level, Stop Loss Level, Profitable Exit & Trailing Stops and save what you have. | |
NIFTY FUTURE Keep a stop loss 4500 and hold short position Down side target 4200, thereafter.......? What's FO Data say... 1. Most os the short positions have been squared up and rolled over in July series and players are not willing to cover their entire position. 2. It looks that 4200 in coming days are imminent due to heavy Open Interest Position built up and presently around 53.78 lacs shares. | |
NIFTY Today resistance 4405, down side break 4333, non stop target 4276, 4205 and 4182. | |
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.) Today resistance 14764, down side target 14326, 14200, 14081. | |
BSE (Monthly) Trend decider 16782, remain below, down side target 15829, 15242, higher level it will face resistance 17368, 18322. | |
BANK NIFTY : Keep a stop loss 6455 and sell, downside target 4850-5000. | |
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RELIANCE Monthly level 2606 Higher level it will face resistance 2145, down side break 2066, immediate target 2029, 2001. | |
RPL :Today resistance 174, down side below 169, down side target 165, 160 which shall not be break otherwise more panic. | |
SUZLON ENERGY : Monthly trend decider 286 Keep a stop loss 250 and sell, short term target 225, 220. | |
TATA POWER : Below 1324 sell only.........down side break 1225-1200 more panic can not be ruled out.... | |
GMR INFRA Monthly trend decider 145. Higher level it will face resistance 105, down side below 100, it will come down up to 96 . Below 100 target 75-80 range........ | |
BAJAJ HINDUST Below 191 do not think to buy. | |
LT : Higher level sell only ... Keep a stop loss 2870 and sell down side target 2100 or below..... | |
ASHOK LEYLAND : Below 34.50 sell down side target 24 +. | |
INDIA INFOLINE : Will it touch 3 + in coming days... (we are recommending sell from the level of 1900) (Actual price 11 to 15% from the life time high of 1974 which works out 250-300 range. ) | |
EDUCOM COMPUTER Sell and Sell only..... Keep a stop loss 3748 and sell downside our first target 2778, thereafter likely touch 2177. (for lion heart traders only) | |
CAN BANK : Keep a stop loss 212 and sell, Break and trade below 189, real panic will start... ANDHRA BANK Keep a stop loss 71 and sell down side target 55, thereafter 35 expected. ALL BANK Below 73 super hot sell........ SYN BANK : Keep a stop loss 75 and sell...... | |
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