BSE Below 12558

(2348 points down 10.10.2008)

Nifty Below 3799

(783 points down 10.10.2008)

CNX Mid Cap below 4800

Another round of Bear  Market.

Bear Market final Target  

BSE 8788

At that level bear market likely hault and strong buying force will emerge in the Indian market.

NIFTY :  Monthly trend decider  4065. Weekly Resistance 3404, down side support 3078, 2877. Today resistance 3554, 3598, down side below 3497, it will touch 3450, 3405.

BSE :       Down side first target 11773.    Monthly trend decider  13373.   Today resistance 11600, crossover short term movement only, down side below 11400, further weakness.

CNX IT :    Higher level resistance 2820-2850.

BANK NIFTY :
   
On rise sell only,.

RELIANCE:    Monthly trend decider 1987   Weekly resistance 1598, down side target 1447, 1358.Today resistance 1631, 1655, down side below 1609, selling pressure will emerged in this counter.

RELICANCE CAPITAL: 
Major support 972.  TMonthly trend decider 1180    Weekly resistance 862, down side target 688, 600. . Today resistance 848, down side below 800, first target 792, 772, thereafter real panic will start and likely target 725.

NTPC :   Major support 160.  Higher level major resistance 175-181. Weekly resistance 167, down side target 156, 148. Keep a stop loss 180 on closing basis and sell.

UNITECH:      Weekly resistance 91, down side target 72, 62. Keep a stop loss 92 and sell down side target 80 or below.

HDIL:   Weekly resistance 113, down side target 68, 44. If hold 130 time being good.....

RCOM:      Our target are 183 + in coming days.  Monthly trend decider 353.Weekly resistance 265, down side target 200, 165. Keep a stop loss 280 and sell this stock, likely target 250.

SAIL:         Monthly trend decider 136 Weekly resistance 110, down side target 102, 97. Below 102 looks sell only........

CHAMBAL FERT. Below 44 sell only

IFCI :       Monthly trend decider 35     Weekly resistance 28.30, down side target 20.70, 17. Today resistance 32 and on rise sell only.