DATED : 12th Aug 2008  

Tuesday, August 12, 2008

NIFTY ABOVE 4630 -

BSE ABOVE 15550 -

Crossover one side move.

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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

Nifty - 4908, 5193

BSE - 16343-17337

NIFTY : Major support of August 2008 4220. Keep a stop loss 4159 and hold long position. Keep a stop loss 4160 and play for long target 4908, 5193. Close above 4650 target 4800 +. Today support 4600, crossover 4630 non stop target 4700 +.

BSE : Major support 14000. Keep a stop loss 13727 and play for long target 16343, 17337. Today support 15454, higher level resistance 15550, 15600-15650.

BANK NIFTY : Hold 5610 bull will charge continue. On dip buy, another round of bullish break out on the card, thereafter huge up move expected. Today support 6680, 6600, crossover 6750 target 6800, 7000 +.

CNX IT : Down side major support 3807. Heading towards 4140 +. Higher level resistance 4000-4020.

RCOM Major resistance 541. Trend change only above 474 if close with volume. Monthly trend decider 474 Today support 450, above 460 target 477, thereafter more up side. Heavy short position in this counter.

REL CAPITAL : Two close above 1400 any thing possible in this counter. Monthly trend decider 1185 Hold 1400 looks good and up move continue and likely target 1600 + in short term.

SUZLON ENERGY : Monthly trend decider 209. Consider support 233, above 250 target 257, thereafter one side move. Close above 250 another round of movement on the card.

JP ASSOCIATE Monthly trend decider 155. Today support 194, crossover 200 more up side. Above 200 target 210.

GMR INFRA ; Monthly trend decider 89 Keep a stop loss 99 buy, first target 110, thereafter do not remain short.

LANCO : Major support 320-330, higher level major resistance 360, if cross with volume over all buying on the card.

SBI : Today support 1578, higher level crossover 1605, immediate target 1640 above

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