DATED : 14th Aug 2008  

Thursday, August 14, 2008

Nifty Below 4500 -

Short term weakness in the market.

Fresh long above 4650 only.

____________________

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 - 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 resistance 4568, down side below 4490, short term weakness and target 4457 or below.

BSE : Major support 14000. Keep a stop loss 13727 and play for long target 16343, 17337. It will face resistance 15130, below 15000, down side target 14865, thereafter more weakness.

BANK NIFTY : Hold 5610 bull will charge continue. On panic looks buying opportunity.

CNX IT : Down side major support 3807. Heading towards 4140 +.

RCOM Major resistance 541. Trend change only above 474 if close with volume. Monthly trend decider 474 It will face resistance 450, down side below 440, looks bearish and sell.

REL CAPITAL : Two close above 1400 any thing possible in this counter. Monthly trend decider 1185 Below 1384 sell stop loss 1410 target 1350 in short term.

SUZLON ENERGY : Monthly trend decider 209. Keep a stop loss 250 and sell, below 239 more weakness on the card.

JP ASSOCIATE Monthly trend decider 155 Below 181 looks selling opportunity.


TRIVENI SUGAR : Major resistance 135-136. On rise sell with consider resistance 120-123, next up move only above 123.

GTL INFRA Buy and hold first target 44, 47, thereafter one side move. Super Hot buy for delivery....


ICICI BANK : Below 728 sell.......

NOIDA TOLL BRIDGE Hold 45 target 52, thereafter more up side.

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