DATED : 14th Aug 2008
Thursday, August 14, 2008
Nifty Below 4500 -
Short term weakness in the market.
Fresh long above 4650 only.
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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
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. |
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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.... |
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ICICI BANK : Below 728 sell....... |
NOIDA TOLL BRIDGE Hold 45 target 52, thereafter more up side. |
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