18th JULY 2008
Friday, July 18, 2008
Upmove Continue
Higher level resistance
Nifty 4200-4250 - BSE 13500-13550
BSE - 12300 + -- NSE 3737
BSE Remain below 15250, downside target 12700 , 10783, 10000 (before Dec. 2009)
22ND July 2008 are very crushal of Indian Capital Market
Vote of Confidence
Please listen all political parties.
For the interest of our nation
Why not all the major political parties will consensus in the matter and agree to continue support of present government till further election.
IF AND BUT ASSUMPTION
1. If congress win the confidence vote - Then we may see - Reforms will be accelerate, Confidence will regain towards India and more and more funds will deply in the market/project. All are result market will move 1000 to 2000 points on rally.
2. If congress unable to produce confidence vote then - Reorms will be stopped, redemption pressure will be built of domestic mutual fund, more and more selling will be invited in the market and likely FIIs will start quick India movement, till the position clear. Further be prepare for 2000-3000 points fall.
NIFTY : Today support 3913, 3891, higher level crossover 3968 with volume immediate target 4000. Higher level major resistance 4200 . |
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. Today support 13000, higher level crossover 13150 and sustained with volume first target 13250, 13341. Higher level major hurdle 13500-13550. |
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. |
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 support 2010, higher level it will face resistance 2066 crossover think positive only. |
REL CAPITAL : Monthly trend decider 1005. Lower level target 789, 675, 459. Consider 1000 are a good support hold short term bounce back continue, today it will face resistance 1060, crossover more up side on the card. |
SAIL Monthly trend decider 148. lower lever target 127, 115, 93. Highly over sold counter......if not break 115, corrective rally on the card and take advantage. |
DLF LTD : Monthly trend decider 465, lower level target 324, 252 Looks positive only above 400. today it will take support 421, crossover 431 target 440, 449 or above. Major hurdle 465. |
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JP ASSOCIATES : Montly trend decider 170, lower level target 116, 88. Today support 146, crossover 152 and sustained with volume, strong buying force will be emerge in this counter. |
ICICI BANK : Monthly trend decider 692, lower level target 549, 468. Keep a stop loss 535 and time being buy for target 565 or above. |
BANK OF INDIA See what happened below 205.... Monthly trend decider 243, lower level target 179, 142. Today resistance 247, once cross with volume, over all buying in this counter. |
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