DATED : 11th JULY 2008  

Friday, July 11, 2008

Today Inflation Data, IIP Data,

Infosys Results

(positive bull will charge, negative - selling likely)

Above 13750 target 14500-14510

NIFTY - Target 4325


NIFTY : Down side 4100, 4060 are a good support, hold higher level target 4300-4325 are intact. Today support 4119, 4075, higher level it will face resistance 4187, 4200

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) As remain hold 13750 bull favour continue and decline to buy only. Today support 3848, higher level crossover 14050, over all buying 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. (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.

PUNJ LLOYD : Today support 217, 210, higher level it will face resistance 230. Catch it....


IDEA : Monthly trend decider 99. Lower level target 80, 67. Keep a stop loss 85 and buy and hold your position.


SUZLON ENERGY : Monthly trend decider 238. Keep a stop loss 190 and buy, last and final hurdle exit 220, thereafter over all buying in this counter. Today support 203, 196.


TISCO : Monthly trend decider 775. lower level target 633, 538. Hold 636 bull will continue charge...today support 692, 676.


ISPAT LTD Crossover 24 with volume short term target 28 +.

GMR INFRA . Monthly trend decider 98, lower level target 60, 41. Looks good and likely first target 98, 103 in coming days, today support 90 at lower level...

UNITECH Monthly trend decider 189. Keep a stop loss 160 for buying position...........short term target 190-200 in coming days.

INFOSYS Monthly trend decider 1826, lower lever target 1605 Lower level 1700 are a good support , higher level it will face resistance 1900-1950 which is supplying area.

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