21st August 2008 Stock Tips

NAGAFERT: (42.75) Buy. Crossover above 45 huge up move will start.

SBI: (1445) 1478 & 1417 crucial trend deciders.

AXIS Bank: (674) Selling on higher levels will be seen.

ICICI Bank: (678) 690 & 650 crucial trend deciders for the day.

ONGC: (1036) Looks very weak. Sell.

RNRL: (99) 103.25 a solid resistance.

21st August 2008 F&O Watch

ABG SHIPYARD: (395) Buy short to medium term delivery considering 362 a solid support keeping stop loss of 325.

All set to flare up to 543 & 630 in short to medium term.

KSOIL: (68.75) Buy very short term delivery keeping stop loss of 63.

All set to shoot up to 98-101 in hours only.

21st August 2008 Market Today

Sideways moves to continue in frontlines.

Stock specific approach advisable.

New FO entrants look hot.


BSE index: (14678) Consider 14665 a nearest & 14584 a crucial support; keep stop loss of 14557 to your buys.
Upward side 14825 a crucial hurdle to watch out for crossover above which it'll surge up to 14888 & there after to 15013 & 15143. Sell on higher levels keeping stop loss of 15143.
Downward side break below 14557 it'll turn weak & fall down to 14483, 14421 & 14321.


Nifty Future: (4435) 4459 a nearest hurdle to watch out for crossover above which it'll surge up further to 4490, 4505 & 4548. Sell on higher levels keeping stop loss of 4548.
Downward side 4425 a nearest & 4392 a crucial support.
Break below 4392 it'll turn weak & fall down to 4360, 4338 & 4302.