DATED : 9th JULY 2008
Wednesday, July 9, 2008
| Time being worst is over If Nifty hold 3850. On Going Rally - Major Resistance BSE 13750-13780 - 14500-14510 NIFTY - 4325 | |
| Last two trading session we were writing concentrate ADAG Stocks and buy on panic and sell on rally. | |
| 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. Written on 7th July 2008 | |
| Please trade with Trading Plan like Entry Level, Stop Loss Level, Profitable Exit & Trailing Stops and save what you have. | |
| NIFTY FUTURE
Consider support 3800-3820 hold do not think any major weakness | |
| Follow our Monthly level and decide your trading strategy Above - Bullish/Resistance Below - Bearish | |
| NIFTY : Today resistance 4000,4028, 4075, down side support 3900, or below (do not panic at lower level) | |
| 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) Today support 13283, 13200, higher level it will face resistance 13450, crossover it can move up to 13550-13600, thereafter more up side. | |
| 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. Strong recover from the lower level, today it will take support 5041, higher level it will face resistance 5200, crossover more up side.... | |
| 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. | |
| RCOM Monthly trend decider 486. Lower level target 390, 337, 241. Higher level it will face resistance 425, sustained above, looks very positive, down side support 411, 400. | |
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| RPL : Trading range 159 to 174, break and crossover in either side one side move expected. | |
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| SUZLON ENERGY : Monthly trend decider 238. Lower level target 189, 162. Keep a stop loss 189 and buy for target 200, 205. | |
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| NTPC : Today support 157, 155, higher level it will face resistance 165 | |
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| HDIL : Monthly trend decider 503. lower lever target 264. Looks good.... Today support 410, higher level it will face resistance 450. | |
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| IFCI :More up side if sustained above 40, down side support 35. | |
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| INFOSYS Monthly trend decider 1826, lower lever target 1605. Buy on decline with consider support 1695 higher level short term target 1900, 1950 + in coming days. | |
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| SBI : Higher level 1236 are a major hurdle, if cross with volume and sustained above that level, over all promising. | |
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