DATED : 22nd Aug 2008  

Friday, August 22, 2008

Strong support Nifty 4200-4225

If hold dead cate bounce

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

NIFTY FUTURE

Lower level strong

support 4200-4210


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 4315, down side break 4270 more weakness and non stop target 4239, 4200.

BSE : Major support 14000. Keep a stop loss 13727 and play for long target 16343, 17337. Higher level it will face resistance 14363, down side below 14200, target 14100, 14000 or below.

BANK NIFTY : Hold 5610 bull will charge continue. Today resistance 5800, down side strong support 5600, if break and close think more weakness.

CNX IT : Down side major support 3807. Heading towards 4140 +. Our both target achieved.

RELIANCE Trend Decider 2264. Today resistance 2225, down side below 2200, it will take support 2173, 2163 which is a strong support.

REL CAPITAL : Two close above 1400 any thing possible in this counter. Monthly trend decider 1185 Today resistance 1243, down side below 1200, it will come down up to 1191, 1164 expected.

SUZLON ENERGY : Monthly trend decider 209 Today resistance 228, 232, down side break 223, target 217 or below.

TISCO : Monthly trend decider 661. Major support range 550-600 and we prefer to buy. Watch the support level 575-580, break and trade below non stop target 550 or below, higher level it will face resistance 600.



DLF : Monthly trend decider 460 Watch the level of 476 which is 50 dma and below more weakness


BAJAJ HINDUSTAN : Below 169 looks bearish and selling is a best strategy.


ONGC : Today resistance 1020, 1042, down side below 1000, immediate target 991, 973.


SATYAM COMPUTER : Above 360 looks good.... Monthly trend decider 410. Looks selling at higher level..... watch the support level 396, it should not break.

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