5th Aug 2008  

Tuesday, August 5, 2008

Hold Nifty 4250

Bull Favour Continue.

NIFTY : . Major support of August 2008 4220. Keep a stop loss 4159 and hold long position. Today support 4360, 4340,higher level it will face resistance 4433,4450.

BSE : Major support 14000. Today resistance 14602, 14700, down side support exit 14500, break below some weakness in the market.

BANK NIFTY : Hold 5610 bull will charge continue. Today resistance 6000, 6100, down side support 5905, 5812.

CNX IT : Down side major support 3807. Today resistance 3850, 3900, down side support 3811, 3781.


RELIANCE : Trend Decider 2264. Today resistance 2275, 2300, down side support exit 2200, break below some weakness expected.

IDEA : Real strength show only above 94, if cross with volume, down side support 88.

RNRL : On every decline to best buy......looks good for intra day traders. Today support 103, 100.

RPL : Looks good and above 174 bull favour. Hold 165 it will touch 187 +.

NEVY. LIGNITE : Today support 120, higher level it will face resistance 125, crossover 10 to 20% will move non stop.


RENUKA SUGAR : If unable to cross and sustained above 141, looks reversal up to 120, 115.

DCB : Lower level support 50, higher level crossover 56, immediate target 60 +.

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