Monday, October 13, 2008

NIFTY : Monthly trend decider 4065. Weekly Resistance 3404, down side support 3078, 2877. Today it will face resistance 3293, 3350, 3381, down side below 3198, further weakness up to 3078. Heading towards 2900 +.


BSE : Down side first target 11773. Monthly trend decider 13373. Higher level resistance 10557, 10700, once cross and sustained, buying will emerge, down side support exit 10240, break and trade below free fall on the card. Short term target 9500-9600. or 8888.


CNX IT : Almost our all target achieved. Today it will face resistance 2500, 2583, down side support exit 2337, thereafter more weakness. Higher level major resistance 2700.

BANK NIFTY : Our all lower target achieved. Today resistance 5112, crossover it can move up to 5300, down side support 4740. Higher level resistance 5500-5600.

RELIANCE: Monthly trend decider 1987 Weekly resistance 1598, down side target 1447, 1358. Today resistance 1590, 1631, down side support 1469, below further weakness. It will touch 1435 then 867 in next 3 months.

ONGC : Two close below 1000, short term weakness only. . Monthly trend decider 1030 Today resistance 974, higher level sell only.......


REL INFRA : Monthly trend decider 966 Weekly resistance 581, down side target 433, 353. Today resistance 541, 550, down side below 500, more weakness. Below 440 free fall on the card.


NTPC : Major support 160. Higher level major resistance 175-181. Weekly resistance 167, down side target 156, 148. Close above 175-181 think positive only, otherwise sell this stock. Below 160 real panic will start in this counter.


TISCO: Today resistance 295, 300, 311, down side support exit 280, below further weakness. Continue close below 275, it will touch 150 Mark.


SBI: Monthly trend decider 1481 Weekly resistance 1364, down side target 1222, 1097. Today support 1300, higher level resistance 1400, 1421. Sell at higher level, please do not trap .


BANK OF INDIA: . Monthly trend decider 282 Weekly resistance 266, down side target 246, 230. Higher level resistance 275, 278 and selling opportunity. Free fall on the card in coming days.


ICICI BANK : Monthly trend decider 590 Weekly resistance 406, down side target 291, 212. Break 350, only weakness, higher level resistance 400-406. Panic continue in this counter.


HEROHONDA : Below 807 free fall on the card.

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