Friday, September 26, 2008

NIFTY : Today resistance 4120, 4162, down side support 4070, 4050, below immediate target 4000.

BSE : As remain below 15107 bear will charge continue. Higher level it will face resistance 13600, 13698, down side below 13430 further weakness expected.

CNX IT : Higher level selling opportunity

BANK NIFTY : Major support 5555, close below exit you long position in Banking stocks. Down side support 5986, break with volume, further weakness, higher level it will face resistance 6155,6235

RELIANCE: Positive only above 2151. Today it will face resistance 2060, crossover it can move up to 2100, down side support exit 1980, below further weakness.

NTPC : Major support 160. Today support 177, higher level it will face resistance 182, 185.

RELIANCE POWER : Consider support 150, two close below short term weakness, otherwise buy and sell on rally is a best strategy. Above 165 fantastic up move.


TISCO: Down side support 470, break and close below further weakness only. Higher level resistance 500 520


AXIX BANK: Keep a stop loss 724 for short position. .Close eye 725, whether cross or not, if cross with volume over all buying.

AD LAB : Hold 390 target 425 or above,.


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