DATED : 4th Sep 2008  

Thursday, September 4, 2008

FIIS STRATEGY :

SELL CRUDE

BUY INDIA STOCKS

(FIIs bought 2nd Sept. Rs. 2247 Crores)

Black Gold

: Crude :

Below US $ 110, first target 100, thereafter heading towards 90 which is last and final support.....

Major Resistance US $ 120-125

Continue close below

90 US $ Target 60 US $

If this happened

BSE Target 20000 +

Up to December 08

NIFTY : Keep a stop loss 4200 and only play for long target 4692, 4880. Above 4403 bull favour and monthly trend decider. Today support 4456, higher level crossover 4522, heading towards 4600, 4650 (100% retrenchment) or above. Decline to best buy.

BSE : Above 14746 looks great and short term target 15500-15600 range. Keep a stop loss 14000, target 15855, 16860. Today support 14890, higher level crossover 15110, immediate target 15256, 15428 or above.

BANK NIFTY : Above 5650 target 7727 in coming days. Down side strong support 6150. Today support 6424, crossover 6624 over all buying in the banking counter and target 6708, 6900 or above. (We are buying mode from the level of 4700 + and already appreciated 2000 points)

CNX IT : Above 3884 bull will charge continue. Heading towards 4198, 4376.

RELIANCE : Keep a stop loss 2050 and play for long, target 2500, then 2682 expected. Today support 2187, higher level it will face resistance 2250, thereafter immediate target 2300 or above. Close eye 2233. (Please do not under estimate of Big Brother)

RCOM: Remain invested as hold 380-383 level. Today support 401, higher level it will face resistance 418-420, close above take position and play for long also. This is first sign of worst is over if close above these level and heading towards 440.

HDIL : Strong come back from the lower level. Today support 312, crossover 331, heading towards 340 which is major resistance, crossover more up side.

UCO BANK : Hold 36 bull will charge continue.


JP ASSOCIATES : On decline to buy only, with consider support 153 and play for long target 200 or above. Above 175 fantastic up move.

UNITECH: Above 165 looks good and crossover 172, thereafter ultimate target 191.


SAIL :Decline to best buy, as remain 142, first target 180 then 197 in coming days.

LT : Stop loss 2476 for long position target 3286 in coming days.

IFCI : Above 48 it will show real strength.

REL CAPITAL : Today support 1400, 1350, higher level it will face resistance 1450, 1500. If hold 1200 , ultimate target 1716 + in coming days.

RPL : Will it touch 200 mark +

AD LAB : Ready to 200 points + but only if cross...........these level, otherwise down side target.

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