Corrective Rally will face resistance

BSE - 8610-8650

Nifty - 2680-2700

Selling Likely Intensify

Avoid long positions

and up move to go short

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 :

On rise sell with consider

resistance 2680-2700.

Ultimate target

2000 Below

NIFTY :

NIFTY:
Lower level support 2637, 2511 2345. Today resistance 2641, hold this level, likely it will test 2650, 2670, down side support 2600,below target 2565. This is just the CALM before STORM - bigger picture still negative.

BSE:

Lower level target 7500 in March 2009

Higher level major resistance 8630. today it will face resistance 8400, crossover looks good, lower level support exit 8100. Lower level value 8432 7972 7326.

CNX IT

CNX IT:
Lower level value... 1987, 1881 1750. It will face resistance 2100,2150. Major support 1950 1900 range

BANK NIFTY :

BANK NIFTY:
Lower level value 3566 3240 then 2722. Corrective rally after 1200 points .... Do not trape at higher level. Today resistance 3500, 3555, below 3338 further weakness. Lower level target 3000-3050 mark and it should not break under any circumstance, otherwise you will see unbelievable price of All Banking Stocks.

DOW :

DOW:
New low continue but over sold region. Major resistance 7200-7500, cross and close above, short term trend will be change, lower level below 6350 likely test 5200 mark.

RELIANCE:

Today support 1150, above above 1182, likely test 1200 mark. Higher lvel looks bearish Lower level value are 1081, 960.

RELIANCE CAPITAL .

Lower level value 320 289 230 Will it test 200 mark in coming days. Today resistance 293, 305 and selling opportunity , down side it will take support 280, below likely test 250 mark.. Highly oversold.....from 2924 level...

ONGC:

Lower level target 634, 577 525. It will face resistance 690-700 and selling opportunity. Decisively break 640 sell and downside target 620, 580 mark. Big fall in coming days.... Problem in Corporate Governance.

  STERLITE :Below 252.. target 214 184, 147. Real strength show only above 255-260 zone if decisively close above with volume. Today support 247, 242, 235. Buy out Asarco will bring under pressure.
 

HDFC BANK :

Looks bearish... it will face resistance 817, lower level support exit 780. break below free fall.

ICICI BANK:

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 position. 282 Trend Decider....

AXIS BANK:

Heading towards 287... Just check yesterday low and move .

Today resistance 300, crossover it will move up to 305, Lower level target 300, 268 200