The global sell off…….

The US stocks plunged; the ADR’s lost much value. The ICICI down by 8.5%, HDFC bank down by 2.7%, Tata Motors down by 6.6%,Infy down by 1.3%, Satyam down by 2.7% and Wipro down by more than 2%. The Tata Communications down by more than 9%.
Now the Asian markets-Hang Seng down by 560 points, Nikkie down by 285 points, Straits Times down by 40 points.

The bleak scenario will erode our bottom supports.

The RIL is strong above 2185 and weak below 2150. The support is expected at 2085 next one at 2040-45 level. The RPL is to cross the first hurdle at 163 and weak below 159.
The ONGC stellar results will give some relief but the stock run up from 780 to 1040. The stock will become weak below 1005 and the support at 940 level.
The RCOM will be good above 509 and weak below 498.
The SBI has support at 1335-25 levels weak below 1440-45 level.
The Relcap is weak 1320 and the first support at 1260-56and the second support at 1215-20 level.
The DLF is weak below 493 and good above 503.
The Tata steel is good above 615 and weak below 608 and the support may come at 571-568.
The positive news is developing for Cairn and good above 230 and weak below 218-19 level.

For Nifty levels, Visit: www.stocksdoctor.blogspot.com
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.