Nifty Resistance 3140- 3150

Any positive news in

the economy or corporate

earning front may call fresh

Bull Run in the market

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 :

Just check Yestrday.... U Turn from the support level 2950 and test our resistance level 3070... sow now what to do.

Today support 3031... if break, down side target 2989, thereafter free fall.......

Above 3072, first target are 3108, 3140, 3147

Bank Nifty :

As remain 4000.... Buying opportunity.

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 support 3031, 3000, crossover 3070 it will move further up to 3110, thereafter non stop target 3150

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 support 9790, once crossover 9990, and cross with volume fantastic up move and it will test 10165 mark.

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 : Keep a stop loss 2300 and hold your long position.

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 4000, as remain looks good and hold .... Higher level resistance 4350.

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.

HDIL:

SUPER HOT BUY....

Strong move with volume.... Last and final hurdle exit 92, thereafter non stop target 96, 99, 107. Bullish break out with volume, catch it opening level and enjoy coming holiday. Our paid clients are long above 75......

IBREAL:Crossover 102 with volume, it will test without any hurdle 109 thereafter 120 expected. (Excellent fundamental compare to pears like DLF, Unitech, HDIL)   PUNJ LLOYD: .Keep a stop loss 85 and play for long side. Above 95 non stop target 100 mark... thereafter it will show more strength. 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. Today resistance 188 mark
AXIS BANK:Down side support 400.... Watch two resistance 435, 445.....
unable to cross... selling opportunity.
FO Data suggested accumulation in short side.

ICICI BANK:

Again buying force emerged at lower level.... But it must hold 304 level on panic..... higher level resistance exit 350.. thereafter power fur up move and it will test 388 mark.

UNITECH:

Our client long above 28 stop loss 24.

Today close eye 38.. once crossover with volume. Decent run expected.

SUZLON ENERGY:.

Above 47, non stop target 50 mark.. Looks hot...

Close above 47 continue, New bull move and test 60 mark in coming days.

ONGC

Worst is over, with consider

support yesterday low 750.