DATED : 16thFeb. 2009
Monday, February 16, 2009
Interim Budget to be Decide Market Trend Nifty Above 2950-2960 Bull will charge..... NIFTY FUTURE + BANK NIFTY +CNX IT Today support 2945, 2920, above 2968, it will show more power. NIFTY : NIFTY: WEEKLY: Trend Decider 2917, resistance 2994,3064, down side support 2864,2787. BSE: WEEKLY: Weekly trend decider is 9563, resistance 9797, 9959, down side support 9401, 9167 Today support 9623, 9555, crossover 9700, it will test 9765, thereafter one side move and likely test 10000 mark. CNX IT WEEKLY: Trend decider 2198, resistance 2227, 2264, down side support 2161, 2131. Today : BANK NIFTY : WEEKLY: Trend decider 4505, resistance 4645, 4739 down side support 4411, 4271 BANK NIFTY: DOW : Strong resistance 8500 for smooth bull move, Below 8000 target 7450 ultimate target. RELIANCE: WEEKLY: Consider resistance 1400-1420 decisively crossover non stop target 1500 mark. On reversal play for short sell. Major support range 12800-1300 mark. BHEL : Weekly : Looks good... Today support 1457, ultimate target 1500 1510. RELIANCE POWER WEEKLY: Looks hot... and buy.. above 110 , it will show more power... bullish break out..... DLF: WEEKLY: Today above 168, it will show real strength.... ..decline to buy.... HDIL: WEEKLY: Weekly trend decider is 85, resistance 92 95, support 81 75. If not break 75 mark.. crossover 90 looks buying opportunity. BALRAMPURCHINI: WEEKLY: Weekly trend decider is 60, reisstance 64 66, down side support 57 53. Close eye 62 mark....once decisively cross and sustained, over all buying opportunity. SAIL: WEEKLY: Weekly trend decider is 89, resistance 94 97, support 85 81. Above 90, it will show strength...and it will test 98 mark shortly. SBI, KOTAK, AXIS BANK CENTURY TEXTILE, SKUMAR :Trading Opportunity..
Today it will face resistance 2970, crossover it can move up to 3000, thereafter target 3050, down side major support 2870, decisively break only further weakness. Major resistance 3100-3150.
Higher level resistance 2250, down side support exit 2150.
Decline to buy.....
Trend Decider 1382, resistance 1422 1455, down side support 1350, 1308
Trend Decider 1436, resistance 1512, 1565, down side support 1383 1307
Weekly trend decider is 106, resistance 111 115, down side support 102 97.
Weekly trend decider is 154, resistance 170 179, downside support 145 128.
All are looks good...
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