6th Aug 2008
Wednesday, August 6, 2008
Last and Final Hurdle
Of Nifty 4550 - BSE 15130
Thereafter first target of
Nifty 4750 - BSE 15700-15800
Then...if positive bias in the market like, crude soften, Reforms process by Govt.
Next Target
Nift Target - 4908, 5193
BSE - Target - 16343-17337
CRUDE OIL - Black gold
Below 121 US $
Target - US $ 110, 102
Big Hedge Fund have been trapped and mark to mark losses more than 250 billion US $
Good for Equity market.....
NIFTY : Major support of August 2008 4220. Keep a stop loss 4159 and hold long position Today support 4464, 4450, 4428, higher level it will face resistance 4550, crossover and sustained above target 4603. Keep a stop loss 4160 and play for long target 4908, 5193. |
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BSE : Major support 14000. Today support 14825, 14665, higher level crossover 15000, immediate target 15130, 15400,15500. Keep a stop loss 13727 and play for long target 16343, 17337. |
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BANK NIFTY : Hold 5610 bull will charge continue. Today support 6225, higher level crossover 6415, first target 6587, thereafter more up side in the Banking Index. |
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CNX IT : Down side major support 3807. Hold 3800 bull charge and play for long. Today support 3882, 3850, higher level crossover 3935, over all buying in IT segment and target 3960 +. Heading towards 4140 +. |
WORLD MARKET UP DATED Dow : Still below 50 DMA and 200 DMA with consider strong hurdle 11700. Continue close above, first sign of trend change. Nasdaq : 50 DMA continue remain below 200 DMA and prices seems creating higher lows and higher highs with consider resistance 1850. S&P : Prices have broke above the resistance level of 1270, have unable to cross recent high 1291, once cross these level, bulls have regained control. |
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REL CAPITAL : Two close above 1400 any thing possible in this counter. Bullish break out with volume. Today support 1381, above 1417, target 1435, 1450, thereafter non stop 1570. Ultimate target 1690. Monthly trend decider 1185 |
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UNITECH Today support 177, crossover 184, non stop target 200 in short term. Monthly trend decider 159. |
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JP ASSOCIATE Above 171 bull favour, yesterday close above 180 ultimate target 197, 200 or above. Monthly trend decider 155. |
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IDFC Above 105 without second tought buy and hold.... Monthly trend decider 99. Catch it early trade in quantity. |
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RNRL : Big up move on the card, buy future and call also. |
DISH TV Crossover 34.50 with volume more up side. Monthly Trend Decider 30.50. |
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PARASNATH DEVELOP : Sharp move on the card and catch it..... Trend Decider 113. |
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SATYAM COMPUTER : Above 360 looks good.... Monthly trend decider 410. |
HOTEL LEELA : Catch it.... |
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ICICI BANK : Hold 682 one side move and buy only. |
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