Avoid Long Position .......

Try to short at every rise

No Buyers........

in the Market

Nifty Below 2500

No support .........at all.........

Target 2200, 2000,1800

Believe it or not

New Bull Market in 2009

Subject to achieve this target

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Today resistance 2578, 2600

Down side support 2500, below more weakness

Ultimate target 2200 below

NIFTY :

NIFTY:
Today below 2564, down side target 2500, thereafter it will test 2472. Lower level support 2637, 2511 2345.

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

BSE:

Major resistance zone 8630-8650. Today it will face resistance 8300, 8316, down side break 8165, further weakness up to 8055, 8000, then 7932 expected. Lower level value 8432 7972 7326.

CNX IT

CNX IT:
Lower level value... 1987, 1881 1750. On panic catch and sell on rally.

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

BANK NIFTY :

BANK NIFTY:
Lower level value 3566 3240 then 2722. No support at lower level and sell on rally is a best strategy. Today strong resistance 3865.

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

SAIL:

Do not trape please......

Keep a stop loss 80 and sell.. down side target 70. if break and close below that level more panic up to 62 mark easily. Lower level target 68, 61, 49.

DLF:

Decisively break 140 (cash market) panic selling and non stop target 125 mark. Lower level target 124, 96. 69.

STERLITE :

Today support 235, 232, higher level resistance 244, 250. major resistance 255 and sell. Below 252.. target 214 184, 147.

MARUTI:

Technical looks good...but sell...

Close below 647 bearish view....

PRAJ IND:

Break 50 why you are long and sell... Lower level target 44, 39 30 mark

BANK OF INDIA:

On rise sell with resistance 228. Below 230 target 201 179, 149, 119

Today resistance 200 and selling opportunity. Decisively break 189, more panic and target 175.

ONGC:

Down side support 633-630 break below another round of selling on the card. Lower level target 634, 577 525.