Break Down of Trading Range

Nifty below 2660, first target 2600, 2500

Below 2500 - there is no support

Last and Final Sell Big off

in Bear market Expected in

March 2009

which will take the

Nifty 2000 +

BSE 6000 +

Wait and watch for

excellent opportunity for investment

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Today resistance 2613, 2645

Break 2575 further

weakness and target 2520

Ultimate target 2200 below

NIFTY :

NIFTY:
. Today resistance 2640, 2670,down side below 2611, 2591, 2555 expected. Lower level support 2637, 2511 2345.

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

BSE:

BSE:  Below 8550, down side target 8280, 7900 Lower level value 8432 7972 7326.

CNX IT

CNX IT:
Lower level value... 1987, 1881 1750. Sell on rise is a best strategy.. below 2050, remain bearish and sell.

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

BANK NIFTY :

BANK NIFTY:
Lower level value 3566 3240 then 2722. Today resistance 3700, downside below 3600 further weakness.... 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

TATA POWER:

Big fall in coming days............

On every rise selling opportunity... below 681 weakness continue and it will test 596 mark. Lower level target 683, 640, 572.

REL INFRA:

On rise sell... higher level resistance 450-461....down side below 430 first target 414. Lower level target 439, 388, 310. Real panic if close below 414.

STERLITE:

Higher level resistance 250-260 and sell.... Last and final support exit 235, then it will test 222 thereafter free fall..... Below 252.. target 214 184, 147.

BANK OF INDIA:

On rise sell with resistance 228. Below 230 target 201 179, 149.
Today resistance 212, 215.

TISCO:

.Lower level target 151, 129, 103
Lower level target 146.. thereafter non stop it will test 100 mark. Keep a stop loss 175 and hold short position.

RELIANCE CAPITAL .

Lower level value 320 289 230 On rise sell..... today resistance 324 331... downside below 317 target 300 mark...

MARUTI:

Rally over and sell with stop loss 700 above...... Major support 647.. below further weakness.

IDFC

Break 50 another round of panic selling.