Weekly Trading Highlights. August 11, 2008

Expect initial up surges to 15526 & 4640.

A close above 15526 & 4640 real further up move will be seen.


BSE index: (15167) Consider for this week...15058 a nearest & 14888 a solid support; keep stop loss of 14888 to your buys.
Upward side 15301 a nearest hurdle crossover above which it'll surge up to 15423 & 15526 initially. Consider 15526 a solid resistance.
A close above 15526 it'll sustain on higher levels & shoot up to 15848 & 16195. Book profit around 16195.
Downward side break below 14888 it'll turn bit weak & fall down to 14726 & 14688. Consider 14688 a most crucial support.
A close below 14688 it'll turn very weak & fall down to 14369, 14162 & 13727. ]


Nifty: (4530) Consider for this week...4505 a nearest & 4464 a crucial support; keep stop loss of 4464 to your buys.
Upward side 4580 a nearest hurdle crossover above which it'll surge up to 4640 initially which is a most crucial hurdle to watch out for.
A close above 4640 it'll sustain on higher levels & shoot up to 4760 & 4802. Consider 4802 a crucial resistance where profit booking not ruled out.
A close above 4802 it'll turn total bullish & shoot up to 4958 & 5003.
Downward side break below 4464 it'll turn bit weak & fall down to 4436, 4413 & there after to 4370 & 4312.