Pull back rally continue (2-3 days ) thereafter retested new low possible

Maximum up side

Nifty 3800, BSE 12300-500, thereafter..?

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 Journey

From 2003,

920 to 6357

(Jan 08)

Total Gain = 5437 Points

Expected Correction :

61.8% ---4257 (3337 +920) Already achieved

50%---3638 (2718+920) Already achieved

31.8%---2649(1729+920) Likely achieved,

Ultimate Target 2649

This was written by us on 2^nd

April 2008 in this column.

NIFTY FUTURE

Above 3556 target 3650, 3680, 3700

At that level be cautious

: BANK NIFTY :

ABOVE 5600 MORE UP SIDE................

NIFTY : Monthly trend decider 4065. Weekly Resistance 3404, down side support 3078, 2877. Today support 3450, crossover 3510, it can move up to 3548, 3600.

BSE : Down side first target 11773. Monthly trend decider 13373. Today it will take support 11162, higher level it will face resistance 11361, crossover target 11700, 11800

CNX IT : Higher level major resistance 2700. Today support 2658, 2601, it will face resistance 2758, 2800.

BANK NIFTY : Higher level resistance 5500-5600. Today support 5432, it will face resistance 5670, thereafter target 5900.

RELIANCE: Monthly trend decider 1987 Weekly resistance 1598, down side target 1447, 1358. Today support 1571, higher level resistance 1613, crossover one side move.

RELICANCE CAPITAL: . Major support 972. TMonthly trend decider 1180 Weekly resistance 862, down side target 688, 600. . Keep a stop loss 772, Friday low and buy target 900 in few session.

SUZLON ENERGY: Weekly resistance 110, down side target 75, 58. Today support 104, crossover 110, fantastic up move.

RNRL: Monthly trend decider 79. Weekly resistance 57.50, Corrective rally target 67, thereafter it will slide again

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, Above 181 target 91 +

DLF: Monthly trend decider 410 Weekly resistance 298, down side target 264, 245 Higher level resistance 310-315, close eye this stock.

LANCO : Weekly resistance 162, down side target 146, 134. Bullish break out......

SBI: Monthly trend decider 1481 Weekly resistance 1364, down side target 1222, 1097. Hold 1400, first target 1600 +.

BANK OF INDIA: . Monthly trend decider 282 Weekly resistance 266, down side target 246, 230. Today support 274, higher level it will face resistance 287, 295-300.

BANK OF BARODA:. Monthly trend decider 303 : Weekly resistance 285, down side target 260, 241 Today support 300, crossover 310 target 315, thereafter do not remain nshort.