DATED : 13th April 2009  

Monday, April 13, 2009

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Decline to best buy... as Remain

3250 bull favour continue......

Today resistance 3405, 3441.

Weekly Trend Decider 3307

Bank Nifty :

As hold 4262.... Do not think to Short sell

Resistance 4653, 4880.

NIFTY :

Continue close above 3250.... Celebrating time..over all buying + Fresh Long + Short Covering + Bear will change their mind towards Bull. Today support 3310, 3285.. crossover and sustained above 3352, non stop target 3390, 3410, 3437 expected

 
 

BSE:

Strong support 10100.....and decline to buy....Today support 10564, crossover 10780, target 10900, 10945, thereafter more up side.10945-11390 will also be the important resistance of this rally.

CNX IT

Today resistance 2600, 2626, down side support 2551, 2550.

BANK NIFTY:
.

Presently it will heading a major resistance zone 4600... cross and close non stop target 5000 mark.

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.......

Major resistance 8100-8124, penetration of the level will take the journey in the new zone and it will test 8800, 9500.

 
 

RELIANCE:

Today support 1700, crossover and sustained above 1765 non stop target 1825. thereafter for more up side. Keep a stop loss 1600 for long position. Some negative divergence on the chart.. so strictly stop loss of your long position.

ONGC:

Major support 833, 820....... And decline to best buy.....crossover 830, nonstop target 900 920. ... thereafter it will test 1000 mark.

 
 

TISCO:

Now presently at major resistance zone 260 mark... wait and watch.. above 260 another round of break out will take journey up to 350 mark. Keep a stop loss 245 for long position

 
 

ICICI BANK:

Now consider support 380 mark.. crossover 400... short term target 440-450 mark. Down side support 365-350.

SUZLON

Broken resistance level with strong volume indicate over all bullish sign... as remain 55 no need to sell......above 60 more rally on the card.

 
 

PUNJ LLOYD

As remain 110 bull move continue....and next target 125, then 150 mark.

 
 

UNITECH

Above 40 looks hot and buying opportunity.

GTL INFRA

Accumulation going on.. last and final hurdle exit 33, thereafter see the power of chart in screen.

HDIL, IRBL

Looks hot..... and decline to best buy

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