Monday, December 1, 2008

Today asian mkt mix
Mkt consolidate near 2700 level in Nifty & 9000 in Sensex. Nifty have good support level arround 2700 and resistance near 2810.
Nifty is forming an inverted head-and-shoulders pattern, whose neckline breakout will occur above 2,790, after which Nifty will move up to 2,850 possible. Further Nifty has also closed above 20- and 40-hourly moving averages, one more sign for the bulls to cheer. 15 day moving average 2810 hurdle for nifty.
Volatility continues in today trading session.
DLF have major resistance 200 if cross & trade above then next tgt 210-215.
Axis bank take a support near 400 keep SL tgt 415,420 Below 400 tgt 390.
Glaxo Sell on rise Keep SSL 1200.
BEML currently trading near low Keep your eyes bounce back possible upto 320 sl 280.
Yesterday SBI not break 1028 & closing above 1100 level further move up to 1150-1170 possible.
LT Sell Below 720
Sbi buy ABOVE 1100 TGT 1150 SELL BELOW 1050 tgt 1000
Bharti Buy above 675 tgt 695 Sell below 655 tgt 635…

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