08th April 2009
Wednesday, April 8, 2009
NIFTY FUTURE + BANK NIFTY +CNX IT Nifty future : Today break 3250, further weakness, down side target 3221, 3100, 3186, higher level it will face resistance 3300. Weekly Trend Decider 3134 Bank Nifty : As hold 4262.... Do not think to Short sell Resistance 4653, 4880. NIFTY : Today support 3225... break and sustained below more weakness and likely test 3188.. down side major support 3134.. higher level it will face resistance 3300..3315. Continue close above 3250.... Celebrating time..over all buying + Fresh Long + Short Covering + Bear will change their mind towards Bull. Short term traders can hold their long as remain hold Weekly support 2950, 2910. BSE: Strong support 10100.....and decline to buy.... Today support 10285... crossover 10470 and hold it will test 10664, 10945 (Nov 2008 high), thereafter non stop target 11750 and above in coming days. 10945-11390 will also be the important resistance of this rally. CNX IT Up move continue....Today resistance 2588...2610.. down side strong support 2310. BANK NIFTY : Looks good but higher level some bit of profit booking can not be ruled out after a sharp move from the level of 3200+. Consider major support 4260....and hold bull favour...... DOW : Over all looks good but momentum indicators are entered in overbought levels, but short term trend positive. With the close higher than the pivt number, the market is in a slightly bullish. Consider major support 7500.......Today above 8105 more up side down side support are 7781. Major resistance 8100-8124, penetration of the level will take the journey in the new zone and it will test 8800, 9500. RCOM: Keep a stop loss 190 and play for long side... target 210, 223 mark. Two close above 223 non stop target 280, 292 in short term. SESA GOA : Above 110, it will show real power and it will test 119 mark in hrs only. REL INFRA: Down side major support 550... hold non stop target 694........ Today support 600 and buying opportunity SBI: Major support 1104........higher level resistance 1200-1210.. If break 1100.. looks bearish and selling opportunity AXIS BANK: Higher level selling opportunity. With consider resistance 445-450......... ICICI BANK:Today above 381 target 388....then 400 mark. NOIDA TOLL : Heading towards 29, 31 mark.... HOTEL LEELA : Now play for target 26 mark. IFCI : Looks hot and play for 25.
0 comments: to “ 08th April 2009 ”
Post a Comment