Wednesday, October 1, 2008

NIFTY : Today support 3867, 3841, higher level it will face resistance 4000.

BSE : Today support 12670, crossover 13000 and sustained with volume target 13185, 13511,13625, thereafter heavy sell off can not be ruled out.

CNX IT : Today support 3050, higher level it will face resistance 3150, 3185 or above.

BANK NIFTY : Corrective rally continue…..

RELICANCE CAPITAL: . Major support 972. When market expected turning, only buy this stock… just seen from the lower level 150 point move. Today support 1112, higher level resistance 1180. Looks good.

AXIS BANK: Above 725, over all buying on the card.

GMR INFRA: Today support 85, crossover 90 target 94, thereafter profit booking on the card.

SUZLON ENERGY: Below 225, target 125 +. Over sold counter and ready to up move. Above 150 looks good and target 160 or above…

UNITECH: Today support 112, Higher level it will face resistance 120, 127. Major support 95-100, trade below, further weakness, otherwise short term rally on the card. Take contra call and buy.

CHAMBAL FERT : Buy and sell on rally… looks good.

BHARTI: Below 820 sell only. Higher level resistance 810 and 840.

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