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.


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.


SATYAM COMPUTER : 360 are a bench mark of this counter, if not break and close below with volume, we are positive in this counter.


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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