Enter your message hereFurther initial huge panic will be seen.

Watch out for most crucial supports around 9843-9750 (SENSEX) & 2840 (NIFTY)on extreme lowe

BSE index: (10170) Consider 10251 a nearest & 10373 a solid resistance, keep stop loss of 10501 to your sales. Downward side it'll fall down further to 9941, 9843 & 9750 initially. Consider 9843-9750 crucial support area where one should book profit in shorts, from where bounce back not ruled out.
In worst scenario break below 9750 it'll heavily crash down to 9441.
Upward side crossover above 10501 it'll turn positive & surge up to 11055 which is a most crucial hurdle & trend decider.


Nifty Future: (3070) Consider 3123 a nearest & 3149 a crucial resistance, keep stop loss of 3195 to your sales. Downward side it'll fall down further to 3034, 2980 & 2892-2843-2830. Consider 2892-2830 crucial support area where one should book profit in all shorts, from where bounce back not ruled out.
Upward side crossover above 3195 huge short covering will take it up to 3287 & 3350.


STOCKS TO WATCH

SBI: (1392) Looks weak. Expect 1369 & 1333.

BOB: (283) Sell. Expect 275, 263 & 243.

BOI: (270) Sell. Expect 254 & 243

BHARTI AIRTEL: (668) Break below 655 expect huge huge panic. It's a red-hot sell.


RIL: (1316) Expect panic down to 1261 & 1223.

TISCO: (245) Panic to continue. Break below 238 expect 227, 211 & 190. Consider 190 a long term support.

NALCO & JINDAL STEEL: Looks weak.

GAIL, ONGC & BPCL: Looks very weak.

DHARMESH BHATT
The only name in 100% pure technical analysis.
Email: shivaam2003@yahoo.com