Market are overleverage short position

Consider Support

BSE - 12300 + -- NSE 3737

If hold Dead cat bounce on the card. Otherwise ?

FIIs are not selling in the market, they are killing the Investors.

BSE Remain below 15250, downside target 12700 , 10783, 10000 (before Dec. 2009)

(Just short of our target (12822)

Please trade with Trading Plan like

Entry Level, Stop Loss Level, Profitable Exit & Trailing Stops and save what you have.

NIFTY FUTURE

Today resistance 3850, crossover, some short covering in the market. Down side support 3764, 3712

NIFTY : Today support 3800, break and will volume down side target 3750, 3737, higher level it will face resistance 3750, once cross and stay with volume, over all buying in the market.

NIFTY (Monthly - July ) Monthly resistance 4323, above only positive movement in the market, down side target 3738, 3436 and below

BSE Higher level major resistance 14127, Crossover yesterday high13560 first sign of strength, which indicate that relief rally which was started from 12822 is still hold. Today resistance 12675, 12836, down side below 12500, immediate target 12300 +, thereafter U turn can not be ruled out.

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.

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.

DLF LTD : Monthly trend decider 465, lower level target 324, 252 Our lower lever target are intact, sooner or later.

UNITECH :Monthly trend decider 189. Broken 145 and close below, likely target 120, 113

ICICI BANK : Monthly trend decider 692, lower level target 549, 468. Our lower lever target are intact, sooner or later.

RPL : Monthly trend decider 173. our lower level target 157, 143, 128 in coming days. Below 160 looks very bearish and sell, down side target 140 are intact.

SUZLON ENERGY : Monthly trend decider 238. Lower level target 189, 162. Higher level two resistance 193, 196, if cross some positive, higher level major resistance 210-212.

TCS : Monthly trend decider 913, lower level target 768, 679. Watch the level of 700-710 whether hold or not of initial opening, if hold short term bounce back, today resistance 740, 762.

UNION BANK OF INDIA : On rise super hot sell with consider resistance 105, 109

BHEL : Panic watch the support level 1300, if hold short term bounce back can not be ruled out.

SBI : Monthly trend decider 1236, lower level target 975, 839 Below 1150-1160 free fall......and seen what happened on yesterday. Higher level above 1150-1160 sell this stock with stop loss 1180 target 1100 or below. Two close below 1100, down side first target 1000, thereafter real panic will start.