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.
Thursday, August 14, 2008
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.
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.
Wednesday, August 13, 2008
13th August 2008. Technical Analysis.
MARKET TODAY
Selling on higher levels will be seen.
15580 & 4650 looks top for time being.
BSE index: (15212) Sell on every rise considering 15292 & 15368 nearest & 15445 a solid resistance keeping stop loss of 15521.
15120 a crucial support to watch out for break below which it'll fall down further to 15030 & 14977 initially.
Break below 14977 it'll crash down to 14832 & 14735.
Nifty: (4552) Sell on every rise considering 4611 a solid resistance keeping stop loss of 4650.
Downward side break below 4525 it'll fall down further to 4464, 4449 & 4436 initially. Consider 4436 a crucial support.
Break below 4436 it'll crash down to 4401 & 4325.
Tuesday, August 12, 2008
12th August
4647 & 15555 crucial hurdles to watch out for.
Stock specific approach advisable.
BSE index: (15504) Watch out for crucial hurdle at 15555. Crossover above 15555 it'll sustain on higher levels & spurt up heavily to 15848 & 15905. Book profit at around 15905.
Downward side 15444 a crucial support, keep stop loss of 15368 to your buys.
Break below 15368 it'll turn weak & fall down to 15280, 15204 & 15121.
Nifty: (4621) Watch out for most crucial hurdle at 4648 crossover above which only it'll sustain on higher levels & spurt up to 4761, 4773 & 4803.
Keep stop loss of 4580 to your buys.
Break below it'll turn weak & fall down to 4544, 4500 & 4464.
RIL: (2326) 2357 a hurdle & trend decider.
REL INFRA: (1102) Looks good only. Buy. Crossover above 1114 it'll spurt up further.
SBI: (1592) Crossover above 1599 it'll surge up further. 1710 a laxmanrekha in any case.
HDFC Bank: (1309) 1338 a solid resistance & trend decider.
ICICI Bank: (771) Looks good. Crossover above 779 it'll spurt up further.
KOTAK Bank: (661) 680 a hurdle & trend decider.
HCC: (109) Looks good. Expect 115 on higher levels.
JP ASSO: (197.50) Looks good. 206 a minor hurdle to watch out for.
L&T: (2890) Looks good. Crossover above 2899 expect 3009.
BHEL: (1826) Keep stop loss of 1790 to your buys.
TECH MAH: (801) Looks fantastic only.
PTC INDIA: (88) Buy short term delivery keeping stop loss of 80.
All set to shoot up to 110 & 130 in very short span of time.
Both in NSE & BSE: 532524.
Stock specific approach advisable.
BSE index: (15504) Watch out for crucial hurdle at 15555. Crossover above 15555 it'll sustain on higher levels & spurt up heavily to 15848 & 15905. Book profit at around 15905.
Downward side 15444 a crucial support, keep stop loss of 15368 to your buys.
Break below 15368 it'll turn weak & fall down to 15280, 15204 & 15121.
Nifty: (4621) Watch out for most crucial hurdle at 4648 crossover above which only it'll sustain on higher levels & spurt up to 4761, 4773 & 4803.
Keep stop loss of 4580 to your buys.
Break below it'll turn weak & fall down to 4544, 4500 & 4464.
RIL: (2326) 2357 a hurdle & trend decider.
REL INFRA: (1102) Looks good only. Buy. Crossover above 1114 it'll spurt up further.
SBI: (1592) Crossover above 1599 it'll surge up further. 1710 a laxmanrekha in any case.
HDFC Bank: (1309) 1338 a solid resistance & trend decider.
ICICI Bank: (771) Looks good. Crossover above 779 it'll spurt up further.
KOTAK Bank: (661) 680 a hurdle & trend decider.
HCC: (109) Looks good. Expect 115 on higher levels.
JP ASSO: (197.50) Looks good. 206 a minor hurdle to watch out for.
L&T: (2890) Looks good. Crossover above 2899 expect 3009.
BHEL: (1826) Keep stop loss of 1790 to your buys.
TECH MAH: (801) Looks fantastic only.
PTC INDIA: (88) Buy short term delivery keeping stop loss of 80.
All set to shoot up to 110 & 130 in very short span of time.
Both in NSE & BSE: 532524.
Monday, August 11, 2008
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.
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.
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