The knock-down ADRs………

The ADRs traded deep in red and the SGX is trading at 4493 level down by 75 points.
The ADRs like ICICI was down by 8.2%, HFDC bank down by 5.26 %, INFY down by 3.3 %, WIPRO down by 3.2%, SATYAM down by 4.45% AND Tata Motors by 3.7%.

The sole bullish support to Nifty came from RIL, now the challenge is to stay above 2300 level.
The RIL is strong above 2320 level weak below 2305. The ONGC is good above 1100 and weak below 1085 level.
The Bharti is likely to get bull support at 795-793 level and good above 805-803 level.
The RCOM is weak below 444-45 and may get support at 421-23 level.
The DLF and JP may ease to Bears, DLF is weak below 561-63 level and the support can be at 530-32 level. JP is good above 183 level as it was in bull grip likely to find support at 178-76 level.
The under performer RPL has to be observed, good above 169 and weak below 163, neither of it happening for 4 trading sessions, volumes dried up.
The metals are in bear grip, Tata steel may go below the recent low at 580 level. The Sail is attacting buyers at lower levels.
The capital goods sector though showing signs of weakness but can be considered as consolidation.
The Banking lot corrected yesterday and will today also. The SBI is weak below 1525-23 level. The Relcap will become weak below 1393 level. Both counters are trading in the earlier posted levels.

The STOCK-TRADING is a “Skill-FULL Job”. NEVER blame others for the LOSS/DEALS.
Never Forget: I may be wrong, You may be wrong but markets always RIGHT.

For Nifty levels, Visit: www.stocksdoctor.blogspot.com