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.
Looks very brearish.........

 
 

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.

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