Yesterday Mkt Breach All major Support. Its negative for Bulls. Sensex Breach 16000 level & Nifty break 4600 level. After yesterday’s close above the upper line of the bearish channel , nifty again came inside that channel and gave a negative close, which is a sign of worry for the bulls ALso Today all major mkt in RED. Dowjones -132, Nasdaq -28 Will also negative for india mkt. We belive that In indian mkt 150-200 point gap down opening possible. If nifty breach 4550 level then NIfty can take a support near 4500 level
Sell Drready SL 700 tgt 675,660 / Technology Stocks Also in panic MOOD.
Sell Re cap Sl 1166 tgt 1120,1105
Buy Wockhard above 245 tgt 250,255
Scrip Name Support Levels Close Resistance Levels Action
--------------------S1---- S2--- (Rs)---- R2---- R1
NIFTY Futures --4500--4540--4566--4590--4630--Sell below S2.
Adlabs Film-------545----561---567---574----583--Sell on rise to R2/Sell below S2.
DLF-----------------472----487---492---504----513--Sell below S2.
ICICI Bank---------751----778---785---797---817--Sell below S2.
Infosys------------1820--1839--1866---1881--1902--Sell on rise to R2.
Reliance-----------2200--2260--2283--2301--2330--Sell below S2.
Reliance Capital--1070--1110--1144--1152---1171---Sell below S2.
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