Tuesday, March 17, 2009
Strong Hurdel of Rally BSE - 9000-9100 NIFTY ; 2800-2850 CNX MID CAP - 3250 Big move in either 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 : Hold 2750, it will test 2831, 2861 Close Below 2500 Ultimate target 2000 Below NIFTY : NIFTY: BSE: BSE: Today support8865, it will face resistance 9000, 9100,9150. CNX IT CNX IT: BANK NIFTY : BANK NIFTY: DOW : DOW: RELIANCE: Heading towards 1400-1410 mark, thereafter heavy profit booking on the card and buy Put option or play for short sell. HDIL: Above 70 target 75, 76, 80 mark. PUNJ LLOYD: Above 75 target 80 mark then more up side. SBI: Hold 957 target 1021 ultimate...... INFOSYS: Today support 1265, Great Wall of China - 1300, 1320 range, continue close above this level, it will test 1400, 1457 mark. RCOM: Down side support 151, higher level resistance 160, thereafter more up side. AXIS BANK: From 281 to 353.....Rally over...Further up move only above 353 if hold with volume...
Today support 2750, crossover 2783, it will face resistance 2808 and hold this it will test 2830, 2850 mark immediately.
Ready for bullish break out. Strong support 2000, looks resistance 2200, thereafter strong up move can not be ruled out.
Lower level value 3566 3240 then 2722. Only Relief Rally which will face resistance 4000-4100 range, till then intermediate trend are down and buy on dip is a best strategy.
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.
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