DATED : 10th DECEMBER, 2008  

Wednesday, December 10, 2008

NIFTY : On going Rally Major resistance 2835.
Weekly trend decider is 2706. resistance is 2848 2985 while the major support levels are 2579 2444. Today resistance 2810, 2850, down side support 2750 2710, below looks bearish.

BSE : As remain 8300 bull will charge continue.
Weekly trend decider is 8924 weekly support is 8508 8051 and resistance is 9381 9798. Today resistance 9300, downs side below 9096, immediate target 8900, thereafter strong buying force will be emerged in the market.

CNX IT : Weekly trend decider 2360 resistance is 2459 2642 while support is 2177 2079 Watch the resistance 2400, whether cross or not.

BANK NIFTY . Weekly trend decider is 4296 support is 3980 3603 and resistance is 4673 and 4988. Higher level major resistance 4600, unable to close above these level, selling opportunity.

WORLD MARKET

DOW :
Consider support 8000, hold positive, close above 9000, more up side.

NASDAQ : Hold 1300 positive and corrective rally continue.

S&P 500 : Hold 800, up move continue.


RELIANCE: .Higher level major resistance 1250.
Weekly trend decider is 1108 resistance is 1191 1265 and resistance are 1034 951.
Down side panic strong support 1050. Today resistance 1133, 1150, down side below 1100 and sustained with volume 10 minutes, non stop target 1060 1050 in hrs only. Close above 1200 buy open quantity. Will it touch 1370. ?


TISCO: Weekly trend decider 174 resistance 202 221, support 155 127. Buy and buy on every decline with support 165, 150, last and final resistance exit 215, thereafter ........? FIIS are in buying mode.


SBI:
Weekly trend decider 1113, resistance 1230 1226, support 1017 899. Trading range 1100 to 1225, lower level buying opportunity. On panic buying opportunity with consider support 1100.......... (close above 1225-1250, it will show real power)


BANK OF INDIA: Weekly trend decider 244, resistance 261 275, support 230 213. On rise sell with consider resistance 260, down side target 240, thereafter more weakness


AD LAB : Keep a stop loss 150 and buy, last and final hurdle exit 180, thereafter it will touch 215 mark.


HCL TECH:
Weekly trend decider 125, resistance 134 149, support 110 102. Below 114 sell only.


TATA COMMOUNICATION :
Weekly trend decider is 415 major support levels are 396 365 and resistance will be 144 148. Trading range 400 to 456, break and crossover one side move can not be ruled out. Looks hot and buying opportunity.


NTPC :
Weekly trend decider 159 resistance 168 176, support 152 144. . Massive resistance 165-170. On decline to best buy with consider support 150, crossover 170, one side move. FIIS are very active.


GVK POWER : Looks hot, buy and hold.


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