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

The fall & consolidation may….

The consolidation may happen even there is a minor fall in the indices.

The Tata Motors and Maruti may face selling pressure, likely to down by 4-5%.
The RIL and RPL are at their same levels. RIL face selling pressure below 2300 and RPL below 165 level.
The DLF is good above 565 but the higer level selling expexted at 575-73 level.
The JP may face selling above 205-203 level but good above 191 level.
The RCOM failed to move up above 456, good above 451-53 level weak below 444-45. The Bharti is testing the patience of the Bulls but good above 849-51 level weak below 836 level.The Tata Steel is good above 651-53 level. Sail is good above 149 level. Most of the scrips levels has not changed except Rel Infra good above 1081-75 level, is in Bull grip.

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.

boom time...

The market likely to settle at higher level in the morning it is good to adopt buy and sell strategy. As the opening is with a huge gap, it is difficult to assess the individual stocks performance.

The RIL is good above 2320 level and find more buyer support above 2340 level.
The realty sector again in news headlines- The DLF is good above 561-63 level, UNITECH good above 183, JP is good above 191 may cross the 200 mark.
The metals are loosing their upward steam may get bottom support. The Tata Steel is good above 651 and weak below 639 level. Sail is good above 149 and may see selling pressure below 143.
The BHEL is struggling at higher level may find resistance at 184-51 level. LT may find resistance at 2885-93 level, REL infra at 1045-50 level.
The booming banking lot is slightly distribution stage as the SBI is trading for a discount with others.
SBI is good above 1565, weak below 1540 level, Relcap good above 1420 weak below 1385, ICICI good above 729 may face selling pressure below 720-16 level.

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