DATED : 4thAug 2008
Monday, August 4, 2008
Buy and buy only..............
LOGICAL TARGET OF THIS RALlY 4500-4600
Cross + Close above 4392
Bull will charge in the market
(check Friday high was 4291.80 and crossover over all buying in the market.)
Nifty Major support 4250- BSE 14000NIFTY : Today support 4358, crossover 4425, immediate target 4481, 4500. Major support of August 2008 4220. |
BSE : Yesterday closed above 14500 which is very bullish sign, last and final hurdle exit 15130, thereafter 1000 point rally on the card in coming days. |
BANK NIFTY : Hold 5610 bull will charge continue. |
CNX IT : Today support 3811, Higher level it will face resistance 3900. 3920. |
RELIANCE : Today support 2263, higher level it will face resistance 2300, 2338. Rally likely 2600-2700. |
RCOM Major resistance 541. Take a contarian call and buy this stock and hold month of August 2008. Strong volume looks some body bought very heavily with consider support 420, 400. Above 450 one side move. Trend change only above 474 if close with volume. |
RPL : Today support 170, 167, crossover 174 with volume target 178, thereafter do not remain short. |
TATA POWER : Higher level 1192-1210 are two major resistance, once close above more up side, down side with consider support 1000 and decline to best buy. |
DLF LTD : Down side support 470-480, until or unless it will not break and close below do not think any weakness and hold target 525, close above heading towards 600 +, |
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GMR INFRA . Above 97, no if and but and buy for target 103, 105 +. |
BALRAMPUR CHINI Today support 88, 86, hold 90,92 range more up side and bull will charge in this counter. RENUKA SUGAR : Heading towards 141, thereafter..... TRIVENI : Keep a stop loss 95 and buy, above 98 bull favour target 100, 105. |
R POWER : Looks good and decline to buy. |
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