Believe it or not

New Bull Market in 2009

Subject to achieve

Nifty lower target 2200-2000-1800

BSE - 6000-6300 range.

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Consider resistance 2860 mark, and rise selling opportunity and adjust the stop loss progressively. Today down side support 2776, 2750, 2730 if hold these level it will bounce back. Quick profit in either side for Professional Traders only.

As hold 2750-2730

Do not short sell please....

Bank Nifty :

Resistance zone 3750-3800

NIFTY :

NIFTY:
Down side major support area 2700-2730 till that decline to buy only..... Close above 2836, it will show real power and non stop target 2950 which is the last leg of bear.

Today : support 2770, break below further weakness and target 2751, higher level it will face resistance 2820-2831

BSE:

BSE: Strong hurdle 9100-9200 close above non stop target 9900-10000 mark.

Trend Decider of this week are 8553, till then decline to buy.. today support 8910, below it will come down up to 8867, higher level it will face resistance 9100,9151.

CNX IT

. Ready for bullish break out. At present trading range of 2000-2250 which is a area of consolidation. Strong support 2000, looks resistance 2200, thereafter strong up move can not be ruled out.

BANK NIFTY :

Lower level some support were seen. Higher level resistance 3750 then 4000-4050. Trend Decider 3700.

DOW :

DOW Daily stochastic have risen into overbought territory which will end to support reversal action if it occurs Higher level strong resistance 7500-7510 which is a key level of up move. The short term support to watch is at 6800 range, if hold positive bias... otherwise another round of sell off can not be ruled out in the next week.

Today next area of resistance are 7314, 7460, lower level target 7110, 7051.

TELCO:

From 125 to 183 (193)

Big sell off from the resistance level and almost wipe out 25 points in two sessions only..

Today hold 155 -

Play for Nano.....

Below - further weakness.

RELIANCE:

Major resistance 1400-1414 and its not easy task to bear will permit to bull cross this level. Today it will face resistance 1360, once cross and sustained above it will test 1378 mark, down side support 1331, 1321. As remain 1250 bull favour and decline to buy side only.  

RELIANCE CAPITAL

Real strength show only above 330. today decisively break 310, it will test 303 mark and it should not break under any circumstance. Major support exit 274

ONGC:

Bullish break out with volume and close above 740 mark. Which will lead to 800 mark in short term. Today above 761 buying opportunity and target 787 mark.

GMR INFRA:

As remain 80 it will test 90-92 mark. Close above 90 mark first target 112 then 130 may possible... Over all bullish and buy side. No short side please.

INFOSYS :

Real power show only above 1325, down side support 1280, below it will test 1261. Decline to buy.. Close above 1325 more added in your long and target 1400,1457 it will test.

HINDALCO:

Hold 40 it will test 55-60 mark.