Tuesday, September 23, 2008
Bearish opening but
cover from lower level
Nifty Break 4200,
further weakness
Nifty Strong Hurdle -
4302 (50D),4350 (39D)
(yesterday high 4303)
NIFTY : Today resistance 4342, 4380, down side below 4200, immediate target 4182, 4140. Higher level profit booking continue. |
BSE : Today resistance 14050, down side below 13910, down side target 13868 |
CNX IT : Higher level resistance 3700. |
BANK NIFTY : Major resistance 6600-6700, higher level play for short side is a best strategy. |
OPEN INTEREST ANALYSIS Highest OI with prise rise the main scrips are DCHL up by 56.16%, Tulip up by 49.35%, Akruti up by 10.19% & KSK up by 7.53%.In Option Stock tata com up by 900%, DLF up by 237%, ONGC up by 157.14%, Sesagoa up by 125%. In case of option index Nifty pe @ 4850 was up by 250%, Nifty pe @4300 8.75%. The highest OI in all over the scrip was Nifty ce @4500 down by 0.85%, Nifty ce @4600 down by 2.70%, Nifty pe@ 4200 up by 14.86%. |
SUZLON ENERGY: Below 220 just check what happened, now further support 190, break below down isde target 180 or below. |
UNITECH: Higher level massive resistance 135-150. Two close above change the trend of this counter only. Down side support 115-112, close down side target 100 mark. Below more weakness. Today resistance 135. |
PUNJ LLOYD : Today resistance 301, down side break 290, more weakness and target 280, 275 which is a major support area |
BHARTI: Keep a stop loss 780 and buy for target 850 in short term. |
RELICANCE CAPITAL: Short term support 1200, higher level resistance 1350-1365, if reversal play for short side, close below 1200 weakness on the card. |
RCOM: As remain below 380-385 super hot sell.... |
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BANK OF BARODA :Will it touch 290-287 in coming days and start buying. |
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BANK OF INDIA: Buy above 294 with stop loss 280 target 300, 312. |
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