Wednesday, September 17, 2008

Put Call Ratio - RSI

Indicate Market are over sold

Corrective Rally Continue.....

Nifty Major Resistance 4180-4200

BSE Close eye 13000 to 13100

(yesterday unable to break and started upward journey)

Trade below further weakness

BSE below 14000

Target 13727, 13520 12535

NIFTY : Today support 4028, 4000, higher level it will face resistance 4100, crossover target 4137, sustained above heading towards 4180-4200 range which is a major resistance.

BSE : Lower level strong support 13000-13050, today crossover 13556, immediate target 13700-13800.

BANK NIFTY : Above 5650 target 7727 in coming days. Down side strong support 6150. (Yesterday low was 5754 and touch high 6011)

RCOM : Monthly trend decider 420. Below 380 sell only. Hold 350 target 380 or above.

REL CAPITAL : Strong reversal from the lower level. Today support 1075, hold, it will touch 1200 mark in near term.

POWER : Monthly trend decider 162 Hold 150 target 165, thereafter more up side in near term.

UNITECH :Monthly trend decider 165. Buy for target 150 or above

BANK OF INDIA On decline to best buy.Monthly trend decider 295. Buy for 312 immediately.

GMR INFRA ; Monthly trend decider 10 Keep a stop loss 90 and buy for target 95-97, thereafter.

RPL : .Time being consider 140 are a strong support, hold target 153-155 in short term.


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