DATED : 29th JULY 2008  

Tuesday, July 29, 2008

Hold

Nifty 4250

BSE - 14100 -

Big up move in the Market.

Break - severe weakness.

RBI Credit Policy will be a Trend Decider

NIFTY : corrective rally will face resistance 4723 Down side 4300, 4280 are a good support , higher level it will face resistance 4352 and sustained above immediate target 4400 or above. Break and close below 4250 panic expected.

BSE Down side strong support 14200, 14100, break and close below real panic will start, higher level it will face resistance 14450-14500.

BANK NIFTY : Ready for bullish break out , (see from 5500 to 6369) 869 points move without break.....our all clients buy and sold.

CNX IT : (Monthly) Higher level 4250 are a strong resistance, down side support 3726, 3454 or below. Higher level 3800-3820 are strong resistance, as remain below bear favour.

RELIANCE : Today support 2158, 2126,higher level it will face resistance 2228 . Major resistance 2338.

REL CAPITAL : On lower level watch the support 1292 whether hold or not...if break only weakness otherwise up move continue

TATA POWER : Massive resistance 1150. On down side major support 1000, as remain positive movement continue in this counter.

DLF LTD : Down side strong support 470-475, higher level it will face resistance 510, 525.


TRIVENI SUGAR : Looks good, hold 91 short term target 96, thereafter 100.

BALRAMPUR CHINI :Today support 80, cross and sustained above 84, non stop target 90. Catch it.......

RENUKA SUGAR : Keep a stop loss 120 and buy, short term target 141, thereafter more up side.

INFOSYS :Below 1500 play short sell only. Today resistance 1553, 1575,down side support exit 1500, break below real panic will start.

TCS : Monthly trend decider 913 .Down side 780-790 are a good support, break and trade below only weakness, otherwise ....


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