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 +

Thereafter

Forgot about the Election results,

GDP, Recession in the Industry, Interest Rate, Bearish Trend, Bearish in World Market etc.

AND

Invest in Indian Market Only

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Last and Final support Exit

2600......

Ultimate target 2500......

Thereafter free fall and may test 2200 in short term....

NIFTY :

NIFTY:
. Today resistance 2680, 2702, down side below 2637, it will show panic and down side target 2600,thereafter free fall. 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:
False signal.......on Friday..... Today resistance 2078, 2100, down side it will take support 2000. Lower level value... 1987, 1881 1750.

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

BANK NIFTY :

BANK NIFTY:
Continue over sold.......Today resistance 3750, 3780, down side below 3700 Lower level value 3566 3240 then 2722.

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:

Higher level resistance 1240-1250. Today break 1213 with volume down side target 1201, decisively break this level over all selling in the market. Lower level value 1173, 1081, 960.

REL INFRA:

Below 466, we are in a selling mode. Today decisively break 440, non stop target 414. Lower level target 439, 388, 310.

NTPC:

Keep a stop loss 180 and sell.. down side last and final support exit 171, thereafter it will show real panic. Today watch level 175, 171. Lower level target 163, 155.

JP ASSOCIATES:

Last and final support exit 60, thereafter more down side....
Lower level target below 70......60, 54, 45.

RCOM:

Below 150.. do not think to buy side...... Below 140 non stop target 132 then 100 mark. Lower level target 142, 129, 108.

SAIL:

Bear are ready to kill this stock. Lower level target 68, 61, 49.

PRAJ IND:

Break 49, further weakness. Lower level target 44, 39 30 mark