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.

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.

The threats & blasts impact…..

The heavy weights are at their verge of their support levels.

The RIL has support at 2085-90 level and resistance at 2245-50.
The important level for RPL to cross that energizes the Nifty also is 174. For today RPL has to trade above 163 and weak below 159.
The ICICI has support at 645level and resistance at 685, the scrip is very weak below 660 levels and to negate the negative view it has to trade above 678-79.
The ONGC has support at 944-45 level and resistance at 1005-1006.
The SBI has support at 1389-91 level and resistance at 1495-90. The SBI will become weak below 1453-55 level.
The Relcap has support at 1241-45 level and resistance at 1335-1339.
The Infy will become strong above 1585 and weak below 1550.
The satyam will find buyers above 379-81 and become weak below 365.
The Wipro is relative strong among the tech pack will run-up above 431 and may become weak below 396-98 level.
The DLF is good above 506 and weak below 393 and may touch 460-455 before it resume it’s upward move.

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