Sensex Technical

05th November 2008.

SENSEX : Crossover above 10800 expect 11055 & 11257.

NIFTY: A close above 3246 NF will move up to 3477.


BSE index: (10631) Consider 10392 a solid support, keep stop loss of 10116 to your buys now.
Upward side it'll rush up to 10700 & 10795 initially. Crossover above 10795 it'll shoot up to 11055 & 11257.
Downward side break below 10116 it'll turn weak & fall down to 9775.


Nifty Future: (3150) Consider 3085 a solid support, keep stop loss of 2993 to your buys.
Upward side it'll rush up to 3182 & 3246 initially. Consider 3246 a crucial hurdle.
A close above 3246 it'll sustain on higher levels & shoot up to 3477.
Downward side break below 2993 it'll turn weak & fall down to 2880 & 2810.

STOCKS TO WATCH

REL PET: (94) Looks fantastic. Expect 97.50 initially crossover above which expect further huge up move.

REL CAP: (739) Grab it at an opening bell.

RCOM, RNRL, ADLABS & REL INFRA: Looks good only. Remain long. Crossover above 562 in REL INFRA expect further huge up move.

REL INFRA: (535) Expect 562 initially which is a crucial hurdle & trend decider for the day.

SBI & BOB: After initial up surges, some profit booking from higher levels will underway.


ICICI Bank: (459) Looks good. 485 a minor hurdle to watch out for.

KOTAK Bank: (422) 455 a hurdle to watch out for.

YES Bank, INDUSIND, KTK & IDFC: Looks good.

SUZLON, JP HYDRO, SIEMENS & L&T: Buy.

DLF: (290) Now crossover above 306 expect 352.

UNITECH: (56) Buy.

JSWSL & TISCO: Buy.