The positive US and Asia….

The Nasdaq moved up above 50 points and our ADRs are in green.
The US stocks moved up and recoverd all the losses it made in the earlier session. The Indian ADR’s gained much value, especially the tech pack. The Infy up by 4.2%, Satyam up by 6.09% and Wipro up by more than 4%. The ICICI up by 3.2%, HDFC bank up by 1.7%, Tata Motors up by 5.4%,
Now the Asian markets-Hang Seng up by 380 points, Nikkie up by 155 points, Straits Times up by 30 points.

The Infra stocks like LT, Rel Infra, Punj Lloyd, ABB will find buyers. The LT is good above 2620, Rel Infra is good above 920, likely to touch and trade above 960 Punj Lloyd is good above 250.
The Reliance is strong above 2115 and weak below 2085. The support is expected at 2050 level.
The ONGC stock will become strong above 9890 level and will be very good above 1015 level, weak below 965 and the support at 940 level.
The RPL will cross 163 and may touch and trade above 158-59 resistance level.
The RCOM will be good above 501-498 and weak below 491, likely to cross 518.
The banking sector was under the Repo & CRR pressure. So the banking stocks may get seller at higher levels.
The SBI has support at 1282-85 levels and next best at 1262-65 level.
The Relcap is weak 1240 and good above 1265.
The DLF is weak below 473 and good above 481, resistance at 495 level.
The Tata steel is good above 591 and weak below 576.

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