STOCTS TO WATCH

PNB, SBI, BOI & BOB: Sell or remain short.

TRIVENI ENGG: (112) Sell.

REL CAP: (1409) Looks weak only. Keep stop loss of 1461 & remain short. Expect 1377 & 1338 in panic. In worst scenario break below 1338 huge panic will start.

RNRL: (104) Break below 98 huge selling will start. 108.50 a solid resistance.


TATA POWER, JINDAL STEEL & ABAN: Sell or remain short.

HDFC Bank, HDFC, and IDBI: Looks weak only.

AXIS & KOTAK Bank: 738 & 673 solid resistances. Now break below 701 & 621 heavy selling will underway.

LITL: (325) Break below 320 heavy selling will be seen.

HDIL & DLF: Looks weak.


DISH TV: (39.75) Buy short term delivery keeping stop loss of 35.

All set to shoot up to 50 & 66 in next very few days.

FSL: (41) Buy short term delivery keeping stop loss of 36.

All set to shoot up to 49 & 65 in next very few days.

14th August 2008.

Break below 15013 expect panic down to 14735.

Heavy selling on higher levels to continue.

Stock specific approach advisable.

BSE index: (15093) Now break below 15013 it'll fall down further to 14977, 14930 & 14888 initially.
Break below 14888 sudden huge panic will drag it down to 14735 which is a crucial support to watch out for.
In worst scenario...Break below 14735 it'll crash down to 14445.
Upward side 15273 & 15368 nearest & 15445 a solid resistance, sell on higher levels keeping stop loss of 15532.


Nifty Future: (4551) Sell or remain short considering 4589 a nearest & 4615 a solid resistance keeping stop loss of 4654.
Downward side it'll fall down to 4500 & 4482 initially. Break below 4482 sudden panic will drag it down to 4448 & 4417. Consider 4417 a crucial support.
In worst scenario...break below 4417 it'll crash down to 4312.