Monday, June 9, 2008

NIFTY : Today resistance 4660,, down side break 4600, down side target 4579, 4530.

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 : Consider support 15314, break and close below real panic will start and down side target 15000, 14677. higher level it will face resistance 15700.

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

RELIANCE Monthly level 2606. Higher level 2250, 2287 are a strong resistance, down side below 2200, immediate target 2162, 2120, 2000. Higher level sell only. Below 2350 very bearish.

RPL : Keep a stop loss 180 and sell . Higher level 171, 175 are two major hurdle.....down side support 162, break and trade below more weakness. Down side target 140 + in coming days. (we are writing for the last 10 session) http://www.bharti.com

SUZLON ENERGY : Monthly trend decider 286 Keep a stop loss 286 and sell, down side break 278 immediate target 275, 270 or below..... Major support range 220-225 which is buying area.

TISCO : stop loss 850 Massive resistance 925....if unable to cross in next two session expected reversal in this counter. Close below 800 looks very bearish. And sell.

ONGC : Higher level book profit with consider major resistance 1050. short term resistance 950. Lower level U turn on the card and accumulate...

DLF LTD : Monthly trend decider 636. Avoid bottom finishing and sell.. down side last and final support 490.

ESSAR OIL : Monthly trend decider 245 Higher level 250-260 are major hurdle, Lion heart traders, keep a stop loss and sell, down side target 220.

GE SHIPPING : Big fall in coming days.

RANBAXY : Right time to booking profit and exit long too and play for short sell...... (We were long from the level of 360)

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