Monday, October 6, 2008
Trading Range of Nifty
3800 to 4200
Below 3800 -
Target 3500 +
in the month of Oct. 2008
BSE Below 12558
Nifty Below 3799
CNX Mid Cap below 4800
Another round of Bear Market.
NIFTY : Today resistance 3865, 3905, down side support exit 3800 below further weakness 3758 or below.Monthly trend decider 4065 |
BSE : Today resistance 12666, 12860, down side below 12472, further weakness up to 12270, thereafter more weakness. Down side first target 11773. Monthly trend decider 13373. |
| CNX IT : On rise sell only......below 3085 more weakness. |
BANK NIFTY : Higher level sell only....down side support 5500. |
RELIANCE: Keep a stop loss 2110 and sell only. Broken all support level and rise sell only.. today resistance 1800, 1825, down side below 1750 further weakness. Monthly trend decider 1987 Heavy short position built up in FO segment. |
ONGC : Two close below 1000, short term weakness only.. For long position stop loss 923. Hold 1000 bull favour and charge continue. Decisively break major weakness on the card. Monthly trend decider 1030 |
RELIANCE POWER : Major resistance 160-162 and higher level selling opportunity. Decisively break 150 real panic will start. Monthly trend decider 153 |
GMR INFRA: Below 92 do not think buy........today resistance 84, break 80 with volume further weakness can not be ruled out. Monthly trend decider 84 |
PUNJ LLOYD : Today resistance 275, down side below 265 free fall on the card, keep a stop loss 285 and sell.Monthly trend decider 300 |
INFOSYS: Today resistance 1400, 1410, down side support exit 1380, below further weakness. Monthly trend decider 1514 Keep a stop loss 1500 and sell likely target 1350. |
RPL: Keep a stop loss 150 and play for short sell... Yesterday closed below 140 (one years low) target 120, then 100 mark in coming days. Monthly trend decider 147 |
AXIS BANK : Trading range 700 to 750, break and crossover in either side one side move. |
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