Friday, August 1, 2008

Cross + Close above 4392

Bull will charge in the market.

Concentrate Large Cap &

Index Based Stocks

Nifty Major support 4250- BSE 14000


NIFTY : Today support 4320, 4296, higher level it will face resistance 4350, crossover immediate target 4378-4400.

BSE : Today support 14296, 14220, higher level it will face resistance 14500, once cross and sustained with volume over all buying in the market.

BANK NIFTY : Today support 5614, 5575, higher level it will face resistance 5800.

CNX IT : Down side support 3700, higher level it will face resistance 3800, 3820.

RELIANCE : Today support 2194, 2168, higher level it will face resistance 2233, 2260. Continue hold 2199 looks positive.

RNRL : On every decline buy this stock.... Today support 95. down side strong support 84 (50 dma) higher level it will face resistance 103-104

TISCO : Today support 648, 630, higher level looks profit booking expected at the level of 680-700 level. Decline to buy only.

CAIRIN : On decline to buy with consider support 225, 212. as remain above these level, you will see 300 mark in coming days.


GRASIM : Decisively break 1775 with volume free fall on the card, higher level keep a stop loss 1880 for short position.

GMR INFRA .On decline to best buy with consider support 85-88 level, last and final hurdle exit 97, thereafter one side move

BANK OF BARODA : Looks good and buy Today support 253, crossover 261, immediate target 270 or above. Close above 270 it will roar this counter.

R POWER : On decline to best buy with consider support 150, close above 175, real strength will show.

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