DATED : 19th Aug 2008
Tuesday, August 19, 2008
Nifty break decisively
4380 - selling pressure in the market
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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 support 4380, break and trade below more down side and first target 4350 and 4301, higher level it will face resistance 4450. |
BSE : Major support 14000. Keep a stop loss 13727 and play for long target 16343, 17337. Down side strong support 14000-14100 and close eye on panic....Today crossover 14681, over all buying in the market. |
BANK NIFTY : Hold 5610 bull will charge continue. Panic catch and sell on rally. |
CNX IT : Down side major support 3807. Heading towards 4140 +. Already achieved. |
RELIANCE : Trend Decider 2264. Below 2300, weakness continue, today break 2200 more down side. |
RCOM Major resistance 541. Trend change only above 474 if close with volume. Monthly trend decider 474 Today resistance 421, down side break 409, immediate target 400, thereafter 399 on the card. |
REL CAPITAL : Two close above 1400 any thing possible in this counter. Monthly trend decider 1185 Below 1300 looks bearish and sell and likely downside target 1200 in short term. |
RPL Monthly trend decider 163 Sell and Sell, below 160 looks bearish and target 150 or below, down side major support 147, 140. |
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INFOSYS :Monthly trend decider 1648. Looks good and decline to best buy... higher level resistance 1737-1750 hold more up side |
SATYAM COMPUTER : Above 360 looks good.... Monthly trend decider 410. Down side are very strong support 390 as remain bull move continue. Higher level resistance 430-434. |
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ICICI BANK : Higher level resistance 690-700, remain below weakness continue |
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