DATED : 10th JULY 2008
Thursday, July 10, 2008
Above 13750 target 14500-14510 NIFTY - Target 4325 | |
Dow may ready to bottom out and appreciate likely 30 to 40% (16000)(time period 6 to 12 months) 1. Crude oil bubble ready to burst any time will result a rebounding dollar will dampen inflation and reduce pressure on the Federal Reserve to rise interest rates and will create a confidence of economy. 2. In USA Obama/McCain near to President Chair of most respectable and powerful nation of the World. But there is no matter who takes the Presidential Chair in November, the market will react the same consumer confidence will soar. 3. The step decline in home price that likely to end soon and with it the overall market will gradually improve. |
NIFTY : Today support 4105, higher level crossover 4170, it can move up to 4220, 4251. |
NIFTY (Monthly - July ) Monthly resistance 4323, above only positive movement in the market, down side target 3738, 3436 and below |
BSE Monthly resistance 14500, crossover and continue close above, first sign of reversal, down side target 12367, 11372. (short term support 12700) Consider support 13750, today crossover 14000 and sustained above short term target 14250, 14500 |
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. Today support 5300, break below only weakness up to 5201. (we are buying mode from the level of 4600-4700) (500 points gain in few trading session) |
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. Higher level strong hurdle 2140-2150, down side support exit 2060. |
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IDEA : Monthly trend decider 99. Lower level target 80, 67. Short term bottom established in this counter, now today above 90 looks good and buy, down side support 85-86 and hold up move continue. |
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REL CAPITAL : Monthly trend decider 1005. Lower level target 789, 675, 459. Down side support 1123, 1104, higher level massive resistance 1200-1210. |
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SAIL : Above 130 short term target 145-148. |
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NTPC : Once cross and sustained above 173, it will show real strength and buy...... |
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INFOSYS Monthly trend decider 1826----Hold 1826, short term 1950-1960 in two trading session. Today it will take support 1803........(just check what happened yesterday... ) |
NEV LIGNITE : Once cross and sustained above 107, fantastic up move and catch it...at opening level. |
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DLF LTD : Monthly trend decider 465 --Today support 448, once sustained above 463 -465 range more up side and likely it will move up to 500-525. |
RENUKA SUGAR : Higher level watch the resistance level 120. |
MUNDA PORT : Higher level real strength show only above 586-603 if cross and close above that level. |
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