Monday, March 8, 2010

Crossover above 17117 & 5129 fresh buying will underway.

17438 & 5225 crucial resistances to watch out for on extreme higher levels.

BSE index: (16995) 17117 a crucial hurdle crossover above which it'll spurt up further to 17198, 17260 & 17310 initially. Crossover above 17310 it'll surge up to 17382 & 17437 which is a most crucial resistance to watch out for. A close above 17437 it'll turn total positive & flare up to 17700, 17823 & 17939.

Downward side 16888 a nearest support break below which it'll fall down to 16768 & 16674, buy on declines keeping stop loss of 16596.

Nifty Future: (5088) 5129 a nearest crucial hurdle crossover above which it'll spurt up further to 5172-5189 & 5211-5225 initially. Consider 5225 a crucial resistance where heavy profit booking will be seen, keep stop loss of 5234 to your any fresh shorts on higher levels. A close above 5234 it'll turn total positive & spurt up to 5350.
Downward side 5065 a nearest & 5024 a crucial support. Break below 5024 it'll fall down to 5013 & 4982 in any intra day panic, buy on declines keeping stop loss of 4957.

NEYVELI LIGNITE:
(163.50) Just grab current futures at an opening bell considering 159 a solid support keeping stop loss of 155.

All set to shoot up to
183
&
202
in hours only.

APOLLO TYRES:
(64) Keep stop loss of 60 & buy or remain long. Upward side targets are 70.50 & 77.

MARUTI:

(1457) Buy on declines. 1406 & 1372 crucial supports.

M&M:

(1075) Expect 1096 & 1120-1130.

BAJAJ AUTO:
(1902) Looks good for 1976. A close above 1976 decisive huge further up move will be seen.

HERO HONDA:

(1856) A close above 1883 huge huge rocket like up move will start.

MUNDRA PORT & GE SHIP:

Buy on declines.

MCDOWELL:

(1490) Buy or remain long considering.

CAN Bank, UBI & OBC:

Buy on declines.

ICICI Bank:

(902) Crossover above 914 fresh buying will be seen.

TISCO:

(618) 603 a crucial support if it remains intact then expect up surges to 636 which is a solid resistance & trend decider.

BHUSHAN STEEL:

(1743) Buy on declines. Expect 1786 & 1840. A close above 1840 further huge up move will be seen.

BRFL:

(209) Buy.

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