DATED : 31st JULY 2008
Thursday, July 31, 2008
Nifty Above 4300 - BSE 14000
Bull favour...............
NIFTY : Today support 4293 4260, higher level crossover 4327, it can move up to 4372-4380 which is major resistance |
BSE : It will take support 14204, higher level it will face resistance14325, crossover immediate target 14524 or above. |
BANK NIFTY : Heading towards 5000, 4700 + in short term. Sell and sell... Higher level cautious approach. |
CNX IT : (Monthly) Higher level 4250 are a strong resistance, down side support 3726, 3454 or below. Today resistance 3820, crossover with volume over all buying in the market in tech counters.... Shwoing strength rather than Nifty. |
RELIANCE : Major resistance 2338. Yesterday hold 2100 and showing some recover. Today support 2147, higher level it will face resistance 2200-2210, crossover with volume looks positive only. |
RNRL : Today support 97, higher level it will face resistance 104, 107. |
REL CAPITAL : Looks good. On decline to buy with consider major support 1200, today above 1288 target 1300, 1338, thereafter one side move up to 1400. Two close above 1400 any thing possible in this counter. |
TISCO : Looks positive and time being worst is over, as remain above 575. Today support 619, 611, higher level crossover 638, over all buying in this counter. |
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NTPC : Down side 167-168 are a strong support, as remain above hold sharp up move. Today above 172 target 175 or above. |
PUNJ LLOYD Today support 264, Higher level 280-284 are strong support, if cross with volume another up move. |
TCS : Below 780 only weakness, higher level resistance 820. Yesterday close above 820 which is buying sign. Today crossover 850 immediate target 878 or above. |
MTNL : Keep a stop loss 101 and buy for target 115 above. |
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