Monday, March 22, 2010
NIFTY FUTURE Last week trend was up and almost closed near to resistance level 5150, We may consider this week support are 5090-5080 and resistance are 5180-5200. Over all trend are positive on the chart and further move above 5168 it will test5181-5191-5200, whereas the support are 5101 to be watch out. Trend Decider of this week 5135. Trend is still bullish and decline to buying opportunity with consider support range 5210-5220, today crossover 5275 will move further up to 5300-5310, whereas the profit booking expected. At higher level do not trap and cautious approach adviseable. BHARTI Consider support are 290 and buy-hold 303 non stop target 310-315. Strong accumulation going for the last few days . RCOM: Hold 160 target 170-172 or above. 167 (39 DMA) 170 (50DMA) are likely a next resistance. Decline to buy. TRIVENI ENGG : Continue close and trade above 50 -200 DMA are indicating strong bull zone. Decline to buy... close above 135 target 141-157. Today trend decider 134 and support are 129.55. BAJAJ HIND +BALRAM CHINI Very near to support level....Any short will Be danger......... BHEL : Consider support are 2350 and resistance 2400-2410, on reversal to sell side.... Higher level some supply were saw in this counter. ONGC: Support broken more lower level likely 1030 and 980 in short term, your stop loss 1075. REL INFRA: Looks good and ready to sharp move. Above 1010 target 1033. Down side support are 994 for your stop loss... RELIANCE CAPITAL Today support 800-790, above 805 sharp move up to 818., thereafter more up side.
Looks very brearish.........
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