DATED : 12thFeb. 2009
Thursday, February 12, 2009
NIFTY : NIFTY: WEEKLY: Trend Decider 2817, resistance 2882 2917, down side support 2782, 2717. BSE: BSE: Keep a stop loss 8950 and remain long over all in the market. Today support 9500, crossover 9650, looks more up side and it will touch 9765. WEEKLY: Weekly trend decider is 9227, resistance 9437 9573, down side support 9091, 8881 CNX IT CNX IT: WEEKLY: Trend decider 2174, resistance 2235 2282, down side support 2127 2065. BANK NIFTY : BANK NIFTY: WEEKLY: Trend decider 4307, resistance 4423 4521 down side support 4209 4093. Consider major support 4111, as hold up move continue. DOW : Strong resistance 8000-8500 for smooth bull move, needs to surpass this level must. Close below 8000 down side target 7500. TCS: WEEKLY: Weekly trend decider is 498, resistance 518, 533, support 484 464. Looks hot... and ready to big break out, thereafter one side move...(last two days... smart players are accumulating this stock) RELIANCE CAPITAL: Buy and buy only....Hold 430,first target 445-450, thereafter more up side. WEEKLY: Trend Decider 384, resistance 412 450, down side support 347, 318. Higher level major resistance 425 UNITECH: WEEKLY: Weekly trend decider is 29.25, resistance 31 33, down side support 27 25. Today support 30, higher level resistance 33 and stay with volume non stop target 35 37 39 ..... Looks hot and buying opportunity. IBREAL: WEEKLY: Weekly trend decider is 100 resistance 112 119, down side support 98 90. Consider down side major support 90 level and hold these level corrective rally on the card..... , today decline to buy this stock. Hold 100 target 112 115.....(One of the best stock, other than reality stocks) IDEA : Weekly trend decider is 45, and target 50 mark RENUKA SUGAR : WEEKLY: Weekly trend decider is 76.50, resistance 80 85, down side support 72 68. Yesterday closed above 80 which is very bullish sign and likely test 95-100 mark in short term SAIL: WEEKLY: Weekly trend decider is 85, resistance 94 99, support 80 70. Hold 72 likely test 99. 110 mark. Higher level resistance 90.. crossover another round of break out. AXIS BANK: WEEKLY: Weekly trend decider is 406, resistance 428 454, support 380 358. Corrective rally will face stiff resistance 450, advise to book profit and play for short sell, incase of reversal. NAG FERT. CHAMBAL FERT : Both with face resistance.
Today support 2880, 2860, crossover 2937, immediate target 2980-3000 mark thereafter profit booking can not be ruled out.
Consider support 2150 and decline to buy, short term rally on the card, take advantage. Today above 2250, it will show strength and broad based buying expected in IT counters.
Today support 4403, it will face resistance 4525, thereafter target 4600 or above
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