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 :

Today crossover 3051...

it will test 3071, 3086, down side below 2987,

free fall on the card

Bank Nifty :

500 points movement in a one day trading session, but making counter for smart traders..

NIFTY :

NIFTY:
Trend decider of this week are 3013. Currently as Nifty a strong resistance zone of 3200-3250, surpass of this zone it will test 3450-3500, then 3800 mark, however at current juncture are looks market entered in overbought zone and reversal from the 3200 level can drag down ward and short term supports are 2900-2920 . Fresh long should be avoid, on a decline as long as the Nifty hold 2800 level bull favour. (Major support zone) Resistance of this week are 3219, 3240, whereas support are 3013, 2903, 2697. (On correction (may not sharp) and decline to buying opportunity.

Today : Today resistance 3035, 3050, down side support exit 2966, below only further weakness.

BSE:

BSE: The rally from 8047 to 10127 non stop and chart indicate that rally likely arrested under 11000 which is a logical target of current rally. Traders/Investors to be carefully in the week ahead as the prices are overstretched and ripe of correction. The magnitude of this correction if happened are very fast. Over all resistance for the week are 10470, 10825, 11000, support are 9738, 9350, 8651.

Today : Today resistance 9840, 9903, down side support 9562, below further weakness.

CNX IT

In our previous news letter, we were bullish as remain 1950-2000 hold and lower level buying opportunity, already tested 2408. At the current level looks time being exhaustion and this is not a good time to go long, best way buy on dips and wait for correction.

Today : As remain 2200.. remain hold this stock

BANK NIFTY :

Strong rally from the lower level (3290) Over all it will face strong resistance 4550-4600, once close above this level.. more up side. Traders are advise to on correction/dips go long. (Excellent Counter for making a fast money rather than Nifty Future)

Today support 4072 and 4000, higher level resistance 4250, 4291.

DOW :

Strong rally from the lower level 6469. Over all rally likely continue and first target 8000, beyond this may test 8800,9000 mark but it should not break and close below 7000 mark in coming days.

RELIANCE:

Lower level 1495-1500 are a strong support, decisively break and trade below think further weakness.... Higher level resistance zone 1560.. thereafter do not remain short. And likely test 1616, 1637 mark in short term

GTL INFRA :

Keep a stop loss 28 and buy.......non stop
journey - 31, 33 , 36. BUY QUANITY, CHOICE IS YOURS. Smart players already taken a position in FO segment. Risk reward ratio in your favour. (Excellent fundamentals and not participate in current rally till yet)

GVK POWER :

Above 20 target 21 22, then 24, 25 expected. Our target achieved.....decline to buy..... Laxman Rekha 26, thereafter it will not looking back 20 mark.

Our all paid clients on long above 18... and added open quantity when it was close above 20 mark.....

30% Return in Short Term

PUNJ LLOYD:Close eye 85 mark.... Further weakness only below that level, otherwise buying opportunity. Keep a stop loss 85 and play for long side.. above 95 it will show real power.

BHARTI:Hold 599, 591... as remain play for long side only. Today resistance 640.....

RCOM: Looks hot but prefer to buy on dip..... with consider support 160-150 mark...... Patience investors can buy for target 215 in short term

ICICI BANK:

Again buying force emerged at lower level.... But it must hold 304 level on panic..... higher level resistance exit 350.. thereafter powerful move on the card.

MARUTI:

750 are a major trend decider and it should not break.. otherwise selling opportunity. Ultimate target 806, 840......

SUGAR SECTOR

BALRAMPURCHINI
We are bullish above 45 and more bullish above 50 mark.

BAJAJHINDUSTAN:. Above 50, it will come likely in fast track.....

RENUKA SUGAR : We are bullish above 80... above 85 more added in your long position.