Tuesday, November 11, 2008

Today all major market looks negative Dowjones(8870) also break 9000 level.

Today all major market looks negative Dowjones(8870) also break 9000 level. Its not good sign. If Dowjones cannot hold above 8800 then you can see more downside.
Our mkt will also open negative. Yesterday nifty take a good support near 3100 level. So we advise you if nifty hold above 3100 then you can buy. Nifty have strong resistance arrount 3250 level.below 3100 tgt 3000
Reliance capital 15 days moving average around 655. So keep SL of this level 650. IF cross 700 then you can see more upside upto 750. below700 650 tgt
IOC look positive KeepSl 360. and buy tgt 375,380.
Sell Lupin SL 700 tgt 675 if break 675 you can see more downside upto 650…600

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