Trading Range

Nifty 2500 to 2600

Above 2600 - Buying Opportunity

Below 2500 - Selling Opportunity

Will Big Up move or

Big Down Move ?

Thursday/Friday

Positive bias likely....

and higher level selling opportunity

Believe it or not

New Bull Market in 2009

Subject to achieve

Nifty lower target 2200-2000-1800

BSE - 6000-6300 range.

Nifty future :

Hold 2500 buying opportunity...above 2550, target 2585, 2630-2640.

Close Below 2500

Ultimate target

2000 Below

NIFTY :

NIFTY:
Lower level support 2637, 2511 2345. This is just the CALM before STORM - bigger picture still negative.

Today resistance 2600, 2608, crossover think short term positive, down side below 2555, it will test 2530-2520... trade and sustained below further weakness.

Close below 2500 non stop target 2250, 1900 mark.

BSE:

Lower level target 7500 in March 2009

Higher level major resistance 8630. Lower level value 8432 7972 7326

CNX IT

Lower level value... 1987, 1881 1750. Buying opportunity on panic. Today support 2000,below further weakness and likely test 1951, 1900 mark.

BANK NIFTY :

Lower level value 3566 3240 then 2722. Lower level target 3000-3050 mark and it should not break under any circumstance, otherwise you will see unbelievable price of All Banking Stocks. Weakness continue.....

Rupee V/S US DOLLAR

The depreciation of the rupee continue on account of shrinking of FIIs portfolio forcing them to sell at higher levels. It ended of 51.70. Likely test 55 in next few months.

RELIANCE CAPITAL

Lower level value 320 289 230 Will it test 200 mark in coming days. Highly oversold.....from 2924 level... Hold Friday low 274 avoid short sell. today resistance 286, 291 and 303.

DLF:

Lower level target 124, 96. 69.
On rise super hot sell..... with consider resistance 130 in future.Wide difference in cash/future mark.

STERLITE :

Below 252.. target 214 184, 147. Real strength show only above 255-260 zone if decisively close above with volume. Today support 240, break with volume target 235, higher level it will face resistance 249-250.

HDFC BANK :

Consider resistance 815. 821, 835 down side last and final

support exit 774, thereafter free fall.

ICICI BANK:

Below 360 target 278, 229, 147. Our target 250 achieved. Now good time ahead. Stock has fallen from 1455 to 252 and very near to long support. Buy on dips and avoid short positions.

HIND UNILEVER :

On rise sell with consider resistance 231, likely test 188 mark. On rise sell only....

ITC

Below 162 target 145 and 117. On rise sell only