Monday, August 25, 2008

Strong Opening......

Hold 4250 Nifty target 4400-4500

Nifty Major Support

39 DMA - 4249

50 DMA - 4281

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.

BLACK GOLD

CRUDE OIL US $

Major Hurdle US $ 120-122

Last and final support exit US $ 110, thereafter severe fall on the card.


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 4304, crossover 4337, immediate target 4400 or above


BSE : Major support 14000. Keep a stop loss 13727 and play for long target 16343, 17337. As remain 14100 no problem and buy. Today crossover 14430 looks fantastic up move expected.


BANK NIFTY : Hold 5610 bull will charge continue. Panic catch and sell on rally.


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


RCOM Major resistance 541. Trend change only above 474 if close with volume. Monthly trend decider 474 Keep a stop loss 390 and buy, above 423, non stop target 463. Over sold counter, take advantage.

TISCO : Monthly trend decider 661. Major support range 550-600 and we prefer to buy. Keep a stop loss 575 and play for long . fantastic up move on the card in coming days.


BALRAMPUR CHINI : Monthly trend decider 80 Consider support 87 and buy above 97 target 99-100 and close above more up side.

ICICI BANK : Over sold counter, strong recovery on the card, buy and sell on rally, take advantage.


NIIT TECH : Buy for delivery target 150 mark in coming days.

MARUTI : Keep a stop loss 600 and buy for target 665, thereafter more up side.

TELCO : Keep a stop loss 410 and buy , above 431 more up side.

INFOSYS : Monthly trend decider 1648.Major resistance zone 1737-1750.

AddThis Social Bookmark Button

Email this post


0 comments: to “ ”