DATED : 10th Sep 2008  

Wednesday, September 10, 2008

Nifty Above 4400 target 4650

Before Friday..?

On Decline buy only.

ABOVE 4650 BIG UP MOVE

Nifty heading towards 5000 +

NIFTY : Keep a stop loss 4200 and only play for long. Down side major support 4420-4400, higher level it will face resistance 4500, 4550. close above new movement expected.

BSE : Keep a stop loss 14000, target 15855, 16860. Close eye 15110, crossover with volume immediate target 15550-15600, if unable to cross intra day selling opportunity.

BANK NIFTY : Above 5650 target 7727 in coming days. Down side strong support 6150. Higher level some profit booking were seen in this counter. Consider major resistance zone 6600-6650. advise to book profit at higher level and cover at lower level.

CNX IT : Above 3884 bull will charge continue. Buy and hold. Bullish break out.

IFCI : Monthly trend decider 47 Keep a stop loss 44 and play for long target 51, 55 in short term. Volume chart indicate something cooking in this counter. Catch it in early trade.

R POWER : Keep a stop loss 152, ultimate target 180 then more up side. Monthly trend decider 162 FO data indicate something cooking in this counter. Buy and buy only.

JP ASSOCIATE : Monthly trend decider 173 On decline to buy only, higher level resistance 180, thereafter do not remain do not remain short.

BALRAMPUR CHINI : Monthly trend decider 92. Keep a stop loss 85 and play for long , ultimate target 116 and above. Close above 99-100 any quantity buy this stock.

TCS : Monthly trend decider 822. Today support 858, 850, higher level it will face resistance 875, crossover with volume immediate target 905 or above.Bullish break out any time.

BANK OF BARODA : Higher level strong hurdle 300-310-315 two close above think positive bias in the market, otherwise selling is a best strategy on rise.

DCB : Keep a stop loss 50 and play for long.


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