DATED : 18thFeb. 2009  

Wednesday, February 18, 2009

Big Sell Off,

Blood Bath....

In coming days..........

Traders sould avoid long and rise on sell is a best strategy

&

Concentrate Put

Option of March series

Always Remember :

 
 

1.   The World did not stop lending, servicing & consuming, it moved on.

2.   Turmoil in stock market excellent buying opportunity for long term investors. (Expected return 100 to 300-500 percent in 12 to 36 months)

NIFTY FUTURE + BANK NIFTY +CNX IT

Down side target 2726, 2701, thereafter likely test 2662

Today resistance 2766-2781

 
 

NIFTY :


NIFTY:
Today support exit 2750, decisively break and hold with volume likely test 2720, 2700 mark, higher level resistance 2800-2820. (sell on every rise........)

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 9100, 9170, down side below 8994, further weakness and likely test 8800.Close below 9300 bear favour. (Likely test previous low )

CNX IT

WEEKLY: Trend decider 2198, resistance 2227, 2264, down side support 2161, 2131.

Looks very bearish and rise selling opportunity. Today support exit 2050, thereafter free fall.... (Infosys + TCS, looks very bearish)

BANK NIFTY :

WEEKLY:
Trend decider 4505, resistance 4645, 4739 down side support 4411, 4271

BANK NIFTY:
Today it will face resistance 4205,4250, decisively break 4150, another round of panic.

 
 

DOW :


Strong resistance 8500 for smooth bull move, Below 8000 target 7450 ultimate target.

 
 

:RELIANCE:

In two session 1414 to 1258 indicate some big problem...in this counter.... Higher level selling opportunity. Consider major resistance 1410-1420, if not close above that level, short term target 1000 mark in coming days. Today it will face resistance 1297, down side last and final support exit 1250, thereafter severe fall or bad news expected.

WEEKLY:
Trend Decider 1382, resistance 1422 1455, down side support 1350, 1308.

RELIANCE CAPITAL: Decisively break 375 with volume and stay 5 minutes, ready to touch 350 mark.

WEEKLY:
Trend Decider 415, resistance 455, 478, down side support 393, 353. Higher level major resistance 450.

:SUZLON ENERGY:.

Broken support level 42..... sell only........

WEEKLY:
Trend decider 46, downside support 49 50, resistance 44 41.50

:RNRL:

WEEKLY:
Weekly trend decider is 48, resistance 51 53, down side support 47 44.50

Keep a stop loss 50 and sell.... Down side below 45 more panic on the card.

:DLF:

WEEKLY:
Weekly trend decider is 154, resistance 170 179, downside support 145 128.

Break and trade below 150 selling opportunity.......and likely test 140 mark (be cautious in cash and future market... huge difference of price) Likely test 100 mark, thereafter it will test 70.

:SBI:

WEEKLY:
Weekly trend decider is 1170, resistance 1224 1260, support 1134 1080.

Today break 1080 with volume non stop target 1020-1000 mark.

:AXIS BANK:

WEEKLY:
Weekly trend decider is 431, resistance 455 469, support 417 393

Below 400 down side target 380 mark.......

:INFOSYS:

WEEKLY:
Weekly trend decider is 1274, resistance 1305 1355, support 1224 1193.

Broken major support level 1190 and likely test 1100 mark...Super Hot Sell......Sell......Sell....Sell....

:TCS:

WEEKLY: Weekly trend decider is 512, resistance 528 544, support 497 481

Down side support exit 475-480 mark..... so why you are not selling ...... Our paid clients are selling mode from 520 level.

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