Friday, August 28, 2009

NIFTY :

NSE :
Weekly trend decider 4487, resistance 4620-4713, down side support are 4394, 4261.

Stop loss for long 4353 target 5077-5518. Consider support 4660-4650, decisively break and stay with volume, down side target 4600-4580, higher level resistance 4730-4750

Short Term Trend : Up
Next Target :
4350
Trend Reversal :
4700-4750
 

 
 

BSE:

BSE:
Weekly trend decider 15070, resistance 15455, 15669, down side support are 14854, 14469.

Stop loss for long 14684 target 18104-19960.
Today support are 15700, break below it will test 15630-15500, higher level resistance exit 15840.

Short Term Trend : Up
Next Target :
16000-16200
Trend Reversal :
14200

 

CNX IT

CNX IT: Weekly trend decider 4320. Stop loss for long 3900 target 4603. Our target achieved, yesterday high 4600.
More stems left and buy side
. From 3900 to 4762.. decent move.........

Short Term Trend : Up
Next Target :
4500

Trend Reversal : 4000

 
 

BANK NIFTY:
.

BANK NIFTY:
Weekly trend decider 7250, down side major support 7000-6950. Decline to buying opportunity. Today resistance 7500, down side support exit 7380, below further weakness.

Short Term Trend : Natural.
Next Target :
7800
Trend Reversal :
7000

 
 

BSE REALITY (3963)

Stop loss 3564 for long target 5537 6635.

 
 

GLOBAL MARKET

Dow
:
Dow a continue trading above the resistance level 9000 consecutive of few weeks which is a strong bullish sign. Over all higher level first target near to 9600 could be test. As remain hold 9000-9300 zone likely test 10000-10300.

The Shanghai Composite Index :
are a culprit in the world market, but likely pull back rally in the short term. Lower level consider key support near to 2700-2800, in case it close and break below, serious correction, otherwise it will test 3200 in short term.

The other Asian Index
also did well like Hang Seng, KLSE Composite, Nikkei, Jakarta Composite, Taiwan Weighted Index, Lower level over all buying opportunity
.

 
 

RELIANCE:

Weekly trend decider 1935, resistance 2003=2078, support 1861-1793.

Today
support 2010-2000 and decline to buy opportunity, higher level it will face resistance 2080-2090.

 
 

RNRL :

Weekly trend decider 81.50, resistance 85-88.50, down side support 78, 74.

Strong support 78.... Crossover 83 and close above, it will show real move and play for long side stop loss 78. (see what happened yesterday) Now play for 94-96...... likely test 125 for smart investors. (Last three days we were writing this stock to buy only above 83)

 
 

RELIANCE CAPITAL

Weekly trend decider 808, resistance 836-866, down side support 778-750 . strong support 790..... Higher level resistance 840-845, one side move, it will test 880 mark.

 
 

DLF :

Weekly trend decider 377 resistance 394-405, support 3366-349.

Lower level 350 support ...Watch out resistance level 407 and buying opportunity only above that level, thereafter non stop target 435.

 
 

SBI:

Weekly trend decider 1743 resistance 1816-1856, support are 1703-1630. Today resistance 1760 down side support are 1710-1715 and decline to buying opportunity

 
 

ALOK IND.

Super hot buy for delivery target 25 +

Strong move accompanied by volumes.

 
 

FSL LTD :

Time to profit booking and re enter at lower level only. Stop loss 28 for long position, Ultimate target 44-45

 
 

VIJAYA BANK

Time to close watch out this counter. We may consider support 41-42, above 44, bull will come into the field and bear will take steps for defensive.

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