30th JULY 2008  

Wednesday, July 30, 2008

Yesterday low are most important

Consider BSE Suppoort 13500 +

And likely U turn from that level.

Or deat cat bounce

NIFTY : It will face resistance 4227, 4250, 4263, down side break 4150, immediate target 4100, 4080.

BSE Down side break 13725, it will come down up to 13628, 13500, higher level it will face resistance 13900, 14000.

BANK NIFTY : Heading towards 5000, 4700 + in short term. Sell and sell... Higher level 5500-5550 are a good resistance and higher level selling is a best strategy, down side break 5390, immediate target 5300 or below....

CNX IT : (Monthly) Higher level 4250 are a strong resistance, down side support 3726, 3454 or below. Down side 3600 are a good support, higher level it will face resistance 3700. 3750.

RELIANCE : Major resistance 2338. Below 2100 bear favour and sell only. Today sell this stock above 2100 with stop loss 2150 down side target 2050 or below.

REL CAPITAL : Today resistance 1240, break and trade below 1200, looks bearish and sell........

TATA POWER : Down side 1000 are a good support, break and trade below only weakness, higher level it will face resistance 1060, crossover do not play for short sell.

TISCO : Watch the support level 575-580, break and trade below with volume free fall up to 550 or below, higher level it will face resistance 600.


BHEL : Higher level 1610-1620 sell with stop loss 1650, down side target 1580 1550 are below.

TELCO : Below 400 strong bear favour.... Trend change only if continue close above 450.

LT : As remain below 2815, down side target 2050 mark....

SBI : Down side 1260-1270 are a strong support and further weakness only, if close below that level, today resistance 1350.


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