DATED : 7th Aug 2008  

Thursday, August 7, 2008

Consider support Nifty 4400 -

If break with volume, short term weakness, otherwise ....?

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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

Nifty - 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.

Today resistance 4545, 4587, down side support exit 4500, break and trade below, short term target 4450, 4437.

BSE : Major support 14000. Keep a stop loss 13727 and play for long target 16343, 17337.

Today resistance 15137, 15300 and real strength show only above 15425 if cross and sustained above that level, down side break and trade below 15000, looks short term weakness, 14790.

BANK NIFTY : Hold 5610 bull will charge continue.

Short term 6725 resistance established, today resistance 6450, down side support 6177, 6000.

CNX IT : Down side major support 3807. Heading towards 4140 +.

Today resistance 3972, 4015, down side support 3884, break and trade below weakness.

WORLD MARKET UP DATED

Dow : Still below 50 DMA and 200 DMA with consider strong hurdle 11700. Continue close above, first sign of trend change.

Nasdaq :50 DMA continue remain below 200 DMA and prices seems creating higher lows and higher highs with consider resistance 1850.

S&P : Prices have broke above the resistance level of 1270, have unable to cross recent high 1291, once cross these level, bulls have regained control.

SUZLON ENERGY : Monthly trend decider 209. Higher level 250 are a strong hurdle , down side break 233 only weakness. Major support 180.

TISCO : Monthly trend decider 661. Today resistance 660, down side watch two support 641-639, decisively break with volume target 629 then 615 expected. Major support range 550-600 and we prefer to buy.


UNITECH Monthly trend decider 159. On decline 166-167 are a good support and buying is a best strategy.


BALRAMPUR CHINI : Monthly trend decider 80 Down side 88 to 90 are a major support and decline to best buy.

TRIVENI SUGAR : Sharp run up from the level of 97 to 121, book profit. Major resistance 135-136. (our paid clients were long from the level of 97 after bullish break out)

TELCO :Consider major support 400, higher level massive resistance 436, if cross non stop target 454.

MARUTI Lower level 600 are a good support, and decline to best buy.

TTML : Buy and buy with consider major support 26, if hold you will see 38 + .


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