DATED : 18th Aug 2008
Monday, August 18, 2008
Nifty Below 4400
More down side
CLOSE ABOVE 4600 - new bull run 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 FUTURE
Today resistance 4461,
Down side support 4400
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 4400, 4391, below weakness persisting, higher level it will face resistance 4500-4520 range. |
BSE : Major support 14000. Keep a stop loss 13727 and play for long target 16343, 17337. Today it will face resistance 14815, crossover target 14950, down side support 14600, below more down side. |
BANK NIFTY : Hold 5610 bull will charge continue. Panic catch and sell on rally. |
CNX IT : Down side major support 3807. Heading towards 4140 +. |
REL CAPITAL : Two close above 1400 any thing possible in this counter. Monthly trend decider 1185 Today resistance 1355, down side support 1300 and stay below with volume more down side. 1200 are a good support. |
SUZLON ENERGY : Monthly trend decider 209. Sell on rise and real strength show only above if close above 250, today resistance 246, 252, down side support 233, thereafter more weakness. |
TISCO : Highly over sold and expected technical recovery in short term |
UNITECH: Monthly trend decider 159. Today resistance 173, 178, down side support 167, |
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BALRAMPUR CHINI : Monthly trend decider 80 Stop loss 89 for short term position, down side break below looks bearish and selling. |
INFOSYS Monthly trend decider 1648. Looks good and decline to best buy... today support 1672, 1650, higher level major resistance 1735, crossover another round of movement on the card. |
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TCS : Above 842 target 868, 926, 943 in coming days. Monthly trend decider 831. Hold 800 strong bull favour. |
SATYAM COMPUTER : Above 360 looks good.... Monthly trend decider 410. Down side 390 are a major support and hold, looks good |
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