Monday, June 9, 2008

Dow Jones -394, Nasdaq -75 All Major mkt in RED.

Dow Jones -394, Nasdaq -75 All Major mkt in RED.
Thursday We told you that this downtrend will continue up to 15300 and Friday you can see mkt bounce back from this level. Nifty Also Bounce back from this level. This bounce back will continues up to 16000-16200 level.
Today as per global mkt You can see gap down opening and mkt will break 15300 level
IN Nifty Today it will break 4540 level and you can see down trend up to 4510 level. In downtrend Also you can see level up to 4400-4450.
Sell NDTV Keep SL 405 tgt 392,387,382
Punj Lloyd you Can see level up to 264,258
Mc Dowell you can see level up to 1489,1466
TITAN Keep SL 1163 And Go short 1129,1111, 1084

ScripName....S1......S2.....RS.......R2......R1...Position
Nifty...........4549..4579..4613..4646..4689..Go long above R2,Go short below S2.
Adlabs.........541.....549....556....566....576...Go long above R2,Go short below S2.
Cent. Text..589.....597....605....621....634...Go long above R2,Go short below S2.
DLF.............499....509....520....531....539...Go long above R2,Go short below S2.
Icici Bank...746....759....771.....781....794....Go short below R2
Infosys.......1949..1976..1973..2005..2029....Go short below S2
J P Asso......196....199.....201....203....206....Go long above R2
Reliance...2181...2211...2239...2272...2300..Go short below S2.
Rel.Cap....1079...1099...1117..1151...1169...Go short below S2.
SBI..........1300...1324...1354...1371...1399.Go short below S2
Tata Steel..801..814...823....836...849..Go long above R2,Go short below S2

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