DATED : 19TH Sep 2008  

Thursday, September 18, 2008

SELL ON RALLY.........

Higher level Major resistance

Nifty - 4080-4100

BSE - 13500-13600

Bank Nifty - 6150-6200

Cross + Trade + close - short term positive only

(short term bottom established 3800 ?

BSE Close eye 13000 to 13100

(Close below blood bath........)

Trade below further weakness

BSE below 14000

Target 13727, 13520 12535

(JUST CEHCK YESTERDAY LOW 12558 AND MARKET WAS u TURN AND DAYS HIGH WAS 13346)

NIFTY : Today support 4000, 3962, higher level it will face resistance 4050, 4085-4100, crossover over all momentum in the market.


BSE : Today crossover 13346, upper side target 13588-13650.


BANK NIFTY : Catch it on panic and sell on rally.


REL CAPITAL : Strong reversal from the lower level. Today support 1077, higher level it will face resistance 1140-1150, once cross, immediate target 1200 mark. (short term bottom established yesterday 974)


SUZLON ENERGY : Monthly trend decider 225. Today support 205, higher level massive resistance 218-220, if unable to cross these level, selling opportunity. Massive resistance 246-250.


REL INFRA : Today support 810-803, higher level if sustained above 860, catch it and sell on rally.


ONGC : Monthly trend decider 1040. Today support 982, hold target 1050 +. Keep a stop low (923) yesterday low and buy......


UNITECH Monthly trend decider 165. Hold yesterday low 111, short term target 130, 138 expected. Exit opportunity on rise.


R POWER : Monthly trend decider 162 Today support 153, crossover 158, immediate target 160-163 which is a major resistance zone.


BHARTI TELE : Looks good, today support 750, 741, higher level crossover 770, immediate target 792-800.


PNB : Hold 468 and strong move were seen in this counter. Today support 503, higher level it will face resistance 534, two close looks good and fantastic up move expected. Keep a stop loss 468 and play for long in this counter.

AXIX BANK : Today support 661, higher level it will face resistance 695, if crossover with volume , positive movement on the card. Exit on rise....

KOTAK BANK LTD Today support 555, higher level it will face resistance 695.

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