Monday, July 28, 2008
On Weakness - Cath it
Sell on Rally
Hold 4300- bull favour
RBI Credit Policy will be a Trend Decider
NIFTY : corrective rally will face resistance 4723 Today support 4300, break and trade below down side target 4250, it will face resistance 4350, 4391. |
NIFTY (Monthly - July ) Monthly resistance 4323, above only positive movement in the market, down side target 3738, 3436 and below |
BSE Today support 14201, 14130, higher level it will face resistance 14350, crossover immediate target 14500. If support hold 1400-14100 strong up move and likely 1000-1500 point rally in the market once again. |
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 : Ready for bullish break out , (see from 5500 to 6369) 869 points move without break.....our all clients buy and sold. Down side strong support 5500-5600 and decline to best buy. |
BANK NIFTY : (Monthly) Higher level 5567 are major hurdle. |
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 Monthly trend ecider 2165. Higher level 2230-2250 are a major resistance and remain below bear favour. Today it will face resistance 2180, 2207, down side break 2135, short term target 2100 or below. Watch the support level 1950. |
RCOM : Monthly trend decider 486. Profit booking continue at higher level. Today it will face resistance 515 520, down side support exit 490. Major resistance 542. |
SUZLON ENERGY : Monthly trend decider 238. Looks good and every decline to best buy with consider major support level of 180-185 range. Today it will take support 205,200 level and buy this stock and sell on rally. |
NEVY. LIGNITE : Above 110 target 117-120 or above. Super hot buy on every decline with consider support 105-110 range. |
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ESSAR OIL : On rise sell, with consider strong resistance 200, down side support exit 180. |
PRAJ : Monthly trend decider 170 Today buy above 202 with stop loss 195 target 205, 211. |
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SATYAM COMPUTER : 360 are a bench mark of this counter, if not break and close below with volume, we are positive in this counter. |
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BANK OF INDIA : Monthly trend decider 243, Higher level 300-305, if not cross and close, best strategy to sell this stock. |
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