Friday, August 8, 2008

The weakness may widen….

The RIL may face resistance at 2303-05 level and good above 2325-28 level then it can touch 2365-70 level.
The RPL levels are same and will become weaker below 163 level.
The Bharti is good above 825-28 level, may face first resistance at 859-64 level and likely to get support at 809-806.
The RCOM faces resistance at 445-46 level good above 451 level.
The DLF,UNITECH, JP in bull grip.
The Tata Steel is good above 653-51, SAIL good above 151.
The Essar oil may correct further and bounce back from 216-18 level.

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Never Forget: I may be wrong, You may be wrong but markets always RIGHT.
15495/7825

Thursday, August 7, 2008

The bears have advantage....

The ADRs are in green but both sides momentum buying and selling expected at this juncture.
The RIL has resistance at 2315 and will become strong above 2325. The weakness will put
pressure below 2285 and can see a steep fall below 2271-2270 level.

The RPL is strong above 171 and weak below 169. The RCOM is strong above 451-53 level, can touch 475 level if it can trade above 456 level and will become weak below 441 level.
The JP is good above 189 and weak below 181 level. The DLF is getting resistance at 556-559 level.
The Rel cap is weak below 1393 and good above 1420 level. The SBI is good above 1575 level. The ICICI is good above 721 and weak below 708 level.

Wednesday, August 6, 2008

The Asian green….

The Asian markets are green and are moving up

The RIL good above 2250 and may touch 2315 and can advance to 2350 level.
The Tata Steel is good above 691 and weak below 678-79.
The Essar oil may correct further in case it trades below 236-34 level, the high shall be restricted at 245 level
The DLF, Unitech, JP are in good momentum.
The RPL is strong above 175 and weak below 169.
The JP may face higher level selling at 193 level.
The Relcap may find resistance at 1471-75 level, SBI at 1621-23 level. The ICICI bank likely to retrace from 713-15 level and it will become strong above 728 level.
The RCOM is good above 446-48 and weak below 436-38 level.

Monday, August 4, 2008

The consolidation in volatile move……..

The Nifty moved in a narrow margin with volatility wiping the traders on both sides but the investors gained as many stocks made stellar moves, especially the Essar oil gaining more than 16%. The Nifty took the much needed support but could not cross the resistance at 4445-40 level is a big concern for tomorrow.
The market pulse check by STOCKOMETER:
The NIFTY has immediate support at 4358-61 level, the low registered at 4362.90.

As suggested in the stock specific action: The RIL is strong so long it trades above 2250 and will become weak if it trades below 2230 level. The beaten down RCOM may put its neck out above the trouble if it could trade above 455 level and will be weak below 439. It was traded in very narrow band.
The RPL could cut the resistance at 169 on Friday but the major resistance at 174-175 level, for today it will be weak below 166. The RPL high at 175.1 and low at 167.40 . The DLF and Unitech may find buyers if they can form foreign alliances for 3G. The DLF is good above 503 and weak below 493. The DLF high at 524.1 and low at 501. The Unitech is good above 173 and weak below 166-65 level. The Unitech high at 175.0 and low at 167.00. The JP good above 166 and weak below 163. The JP high at 171.90 and low was registered at 152.15 but did not trade below 166 level. The SBI has support above 1445-50 level, The high at 1547.0 and low at 1479.00. Relcap is good above 1293-96 level. The high touched at 1373.0 and low at 1310.00

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Never Forget: I may be wrong, You may be wrong but markets always RIGHT.

The weak Global cues…..

The RIL is strong so long it trades above 2250 and will become weak if it trades below 2230 level.
The beaten down RCOM may put its neck out above the trouble if it could trade above 455 level and will be weak below 439.
The RPL could cut the resistance at 169 on Friday but the major resistance at 174-175 level, for today it will be weak below 166.
The DLF and Unitech may find buyers if they can form foreign alliances for 3G. The DLF is good above 503 and weak below 493. The Unitech is good above 173 and weak below 166-65 level. The JP made good move on yesterday, good above 166 and weak below 163.
The SBI has support above 1445-50 level, Relcap is good above 1293-96 level.

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