ULTIMATE TARGET

DOW 7200-7500

NASDAQ - 1100 +

S&P 500 - 500-600+

It's still long way to go......

If credit market continue to shut down the US economy.

It's not safe to assume that 7200-7500 will be the ultimate bottom.

BSE Below 12558

Nifty Below 3799

CNX Mid Cap below 4800

Another round of Bear Market.

Bear Market final Target

BSE 8788

At that level any thing buy

Trade in Nifty future +

Bank Nifty +

CNX IT

Accuracy 80-90 %

Charges - 10000 Quarterly.

NIFTY FUTURE

Today support range 3480-3500, Below further weakness, higher level resistance 3580-3600Hold 3400 on closing basis, relief rally target 3800. Ultimate target 3000 or below in coming days.

: BANK NIFTY :

Keep a stop loss 6000- and sell....

More than 1000 points down...

Today resistance 5350-5400

NIFTY : Monthly trend decider 4065. Today support 3460, Crossover 3532, over all buying in the market and target 3600 or above.. (Hold yesterday low likely target 3800-3900 in few session). Corrective rally , thereafter Nifty will test 3000 mark shortly.

BSE : Down side first target 11773. Monthly trend decider 13373. Today support 11158, higher level crossover 11405, it will move up to 11576 or above

CNX IT : Our target 2477 almost achieved (yesterday low 2515) Today resistance 2650, 2700

BANK NIFTY :Today support 5156, higher level resistance 5350.

TATA POWER : . Monthly trend decider 943 Strong recover from the lower level. Today support 770, once cross and sustained above 825, more up side on the card.

NTPC : Major support 160. Higher level resistance 177-178. Monthly trend decider 174 Today resistance 180.

DLF: Monthly trend decider 410 Today support 300, higher level resistance 320, sustained with volume non stop target 333 +.

HDIL: Our target 90-100 are achieved. At current level no short sell, likely sharp up move. Highly over sold counter (HDIL 10/- paid up shares compare to other DLF 2/-, Unitech 2/-)

RCOM: Our target are 183 + in coming days. Monthly trend decider 353 Today support 290, higher level resistance 315-323.

SAIL: Monthly trend decider 136 Consider support 105 (yesterday low) further weakness only below that level, higher level resistance 120 122.

SBI: Monthly trend decider 1481 Decisively break 1300 with volume selling opportunity. Higher level resistance 1350.

HDFC BANK LTD : Higher level massive resistance 1225-1250 , if reversal play for short sell only.

RANBAXY: Monthly trend decider 262 Just check yesterday low and u turn from the level of 236 (240 support) and closed at 280. (our clients bought delivery with stop loss of 240 on closing basis)