16th JULY 2008
Wednesday, July 16, 2008
Nifty decisively break 3850
Short term target 3600
BSE below 12822-
down side target 12500, 12300
BSE Remain below 15250, downside target 12700 , 10783, 10000 (before Dec. 2009)
NIFTY : Today resistance 3900, down side break and trade below 3835, and stay with volume more than 30 minutes real panic will start . |
NIFTY (Monthly - July ) Monthly resistance 4323, above only positive movement in the market, down side target 3738, 3436 and below |
BSE Higher level major resistance 14127, Crossover yesterday high13560 first sign of strength, which indicate that relief rally which was started from 12822 is still hold. It will face resistance 12782, down side it will take support 12500, below likely it will test 12300 which is major support and 100% at that level dead cat bounce in the market. |
BSE (Monthly July ) Monthly resistance 14500, crossover and continue close above, first sign of reversal, down side target 12367, 11372. (short term support 12700) |
BANK NIFTY : Higher level 5567 are major hurdle, down side target 4456, 3886. |
BANK NIFTY : (Monthly) Higher level 5567 are major hurdle, down side target 4456, 3886. |
CNX IT : (Monthly) Higher level 4250 are a strong resistance, down side support 3726, 3454 or below. |
RELIANCE Monthly trend ecider 2165. Lower level target 1886, 1677, 1398. (keep a stop loss 2216 , if weakness continue down side target 1435) Today resistance 2000, down side support 1948, thereafter more weakness. |
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RPL : Monthly trend decider 173. our lower level target 157, 143, 128 in coming days. Trading range 160 to 174.... Break 159 with volume super hot sell..... |
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IDEA : Monthly trend decider 99. Lower level target 80, 67. Below 80 free fall.. today it will face resistance 78, down side support 73, 70. |
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TISCO : Monthly trend decider 775. lower level target 633, 538. Sell this stock at 650-655 with stop loss 680 target 630-625, thereafter major fall on the card. |
DLF LTD : Monthly trend decider 465, lower level target 324, 252 Below 465 sell only. Check last two trading session unable to cross these level. |
UNITECH :Monthly trend decider 189. Last and final support exit 150, 145, thereafter real panic will start. |
RENUKA SUGAR : Monthly trend decider 100, lower level target 85, 72. Keep a stop loss 110 and sell, down side target 100, thereafter more weakness. |
BANK OF INDIA See what happened below 205.... Monthly trend decider 243, lower level target 179, 142. Last and final support exit 235, break and trade below free fall. Sell on rise,. |
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