Nifty Trading Range

2500 to 2800

Break & Crossover -

Big move in either side

Time being avoid short

Further room for up side

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 :

It will face hurdle 2780-2800

Close Below 2500

Ultimate target

2000 Below

NIFTY :

Possible target of this rally 2780-2800. Today support 2700, 2680, it will face resistance 2740, thereafter it will test 2771.

BSE:

Today support 8677, 8600, crossover 8800, it will test 9000 mark. Major resistance 9000-9050.

CNX IT

Ready for bullish break out. Strong support 2000, looks resistance 2200, thereafter strong up move can not be ruled out.

BANK NIFTY :

Lower level target 3000-3050 mark and it should not break under any circumstance, otherwise you will see unbelievable price of All Banking Stocks. Corrective rally continue which will face resistance 3750-3800 range.

DOW :

DOW:
From over sold up move continue and it will face resistance 7500, 7800. Today next area of resistance around 7240 and 7281, down side support 7000 hold positive bias.

RELIANCE:

Hold 1250, ultimate target 1400-1415 mark. Today above 1294 target 1310, thereafter more up side.

LT:

Today support 600, crossover 621 and sustained above non stop target 650.

ONGC:

Resistance zone 730-740 , on reversal selling opportunity

DLF LTD

Today crossover 155, it will test 162, thereafter it may test

175 mark .

GMR INFRA:

Consider support 70, hold this support, it will test 83, 85 mark.

MARUTI: Above 700, it will test 751, 777 mark.

M&M : Looks good and buy.....on decline.

TELCO: Above 156, non stop target 190 mark.

STERLITE :

Profit booking expected. Today resistance 290-300 mark, down side below 280 further weakness.

INFOSYS:

Today support 1280, it will face resistance 1306, 1325, thereafter strong up move and likely test 1400 mark.