DATED : 15th April 2009  

Wednesday, April 15, 2009

Major Resistance

Nifty above 3450

BSE Above 10945

Higher top and higher bottom and continue close above this level

Hope that long term bear market going to end.

Expected Weekly Range 3200 to 3550

Weekly Trend Decider 3295

Hold long position as remain Nifty 3200

 
 

NIFTY FUTURE + BANK NIFTY +CNX IT

Nifty future :

Close above 3450 - two consecutive

Likely test 3600, 3650, 3800 mark.

Weekly Trend Decider 3307

Bank Nifty :

Above 4600... do not think any

weakness and decline to best buy

NIFTY :

Down side major support 3300.. as hold bull move continue. Today support 3350, 3327, higher level it will face resistance 3411, 3425.

 
 

BSE:

Down side strong support 10636 as hold bull move continue. 10945-11390 will also be the important resistance of this rally.
Today it will face resistance 11000, 11070. once crossover more up side and it will test 11200, 11340. down side support 10822.

CNX IT

Today resistance 2610, 2650, down side support 2510.

BANK NIFTY:
.

Major support 4490........above 4600 bull move continue.

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 CAPITAL

Strong support 400-415 range.. above 480 and close one side move in this counter will take up to 550 mark.

BHEL :

Keep a stop loss 1460-1450 for long position. As remain bull will charge continue.

 
 

REL INFRA:

Down side major support 550... hold non stop target 694........ thereafter it will test 750 mark

 
 

HDIL:

Above 135 target 160-165 mark. Today support 132, 125.

RCOM:

Keep a stop loss 190 and play for long side. Two close above 223 non stop target 280, 292 in short term. (Strong Accumulation)

 
 

SESA GOA :

Hold 111 target 131 mark.

 
 

SBI:

Close above 1250 it will show real strength today support 1200 mark.

KOTAK BANK :

Looks hot.....Above 400.....it will show more power

MID CAP(Money Making) STOCKS

1. Apollo Tyres

2. Mukund Ltd

3. Kalyani Steel

4. Walchandnagar Ind

5. KLG Systle

6. Prakash

7. GMDC .......................and many more.

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