Avoid Long Position .......

Try to short at every rise

Today Nifty Resistance 2680-2700

Nifty below 2660, first target 2600, 2500

Below 2500 - there is no support

Last and Final Sell off

in Bear market Expected in

March 2009

which will take the

Nifty 2000 +

BSE 6000 +

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Corrective Rally continue....

As hold 2585.......

Today resistance 2690-2695 range.

Ultimate target 2200 below

NIFTY :

NIFTY:
. Today support 2611, break below it will test 2590, higher level it will face resistance 2655, crossover it will test 2690-2700, thereafter heavy supply can not be uled out. Lower level support 2637, 2511 2345.

WEEKLY:
Trend Decider 2746, resistance 2814 2865, support 2695 2627.

BSE:

Today above 8501, it will show real strength and it may touch 8600 Lower level value 8432 7972 7326.
Corrective rally will face resistance 8650.... On reversal strong selling opportunity.

CNX IT

CNX IT:
Lower level value... 1987, 1881 1750. Today resistance 2041, 2050.

WEEKLY:
Trend Decider 2056, resistance 2098 2102, support 2053 2011.

BANK NIFTY :

BANK NIFTY:
Lower level value 3566 3240 then 2722. today above 3600 short term positive. On rise sell only...... major resistance zone 4000-4100.

WEEKLY:
Trend Decider 3874, resistance 3990 4087, support 3776 3661

DOW :

DOW:
(7062) Closed below weekly and monthly 2002. Overall momentum studies are indicate still bearish but are now at oversold level. Further down side target 6910-6900, whereas the next area of resistance is 7130 7241

RELIANCE:

Lower level value 1173, 1081, 960. Today support 1190, crossover 1220, it will move up to 1238, 1245.

RENUKA SUGAR :

If cross 85 with volume target 87 and 90. and selling opportunity. Stop loss 80 mark for long position.

SAIL:

Hold 70 and strong come back. Today above 75 target 78, 80 mark thereafter selling opportunity. Lower level target 68, 61, 49

LITIL

Free fall in coming days , on rise sell with consider major resistance 130 mark. Lower level target
109, 92 , 76

GMR INFRA:

On rise sell with consider resistance 74-75 range Lower level target 60, 53. Some problem in this counter.

SBI:

Keep a stop loss 1031... ultimate target 900 mark in coming days. Below 1075... target 945, 866, 735.
Yesterday broken support level Major resistance 1020-1039..... super hot sell on every rise.

BANK OF INDIA:
On Rise sell.

BANK OF BARODA :
On rise sell.

ICICI BANK :
On rise sell.

HDFC BANK :
On rise sell.