RELIANCE
Weekly Trend Decider 2117 . Consider resistance are 2150 and crossover looks positive and higher level target are 2250-2300. Please note stock is going to Ex Bonus on 27th November and advise to play for long side after ex bonus.
LT
Weekly Trend Decider 1634. Down side support are 1600-1575 are bull favour.. Today above 1657, one side and play for long side
GVK POWER
Weekly Trend Decider 51.... Looks good and decline to buy.. more power show above 53.. lower level support are 47....
PUNJ LLOYD
Weekly Trend Decider 213 .Down side decent support are 210, close below further weakness, but real strength show only above 224.. otherwise sell on rally.
BALRAMPUR CHINI
Weekly Trend Decider 137.. Trend is up but short weakness. Down side 131 to be watch out, below more weakness, higher level resistance 1400145 and sell side
TISCO
Weekly Trend Decider 544. . Looks hot and consider support are 520 -505, as remain hold, advise to buy side.. today above 555, over all buying and target are 570 or above.
ABAN
Stop loss 1050 for long position.. above 1374 more up side.
PFC
Looks very hot and buy side...Target 280 + in short term.
• Neyveli Lignite (Rs. 152)
Buy in the region 148-152 with a closing stop loss
below 139 for a short and medium-term target of
182 and 224 respectively.
• ITC (Rs. 259)
Buy on a move above 261 with a closing stop loss
below 252 for a short-term target of 277 and 300.
• Bank Of Baroda (Rs.540)
Buy in the region 525-540 with a closing stop loss
below 500 for a short and medium-term target of
600 and 680.
NIFTY,BSE predictions for 23rd Nov,2009
NIFTY
Over all trend is up and it high of 5079 with extremely volatile. We may expected that the strong support are 4740, as long as hold possible target are higher level 5150-5180-5300 or above. We advise to readers, any decline or panic should be accumulate and excellent buying opportunity. Over all in the Indian market, global cues would be play a important role, as far as the sentiment is concerned, some economic data is also due in the coming week which is watch out.
Today support are 5015-4980, higher level resistance are 5080-5100, thereafter over all buying opportunity in the market. Weekly trend decider 5021.
BSE
BSE: Short term trend of the Market are remain positive as hold 16000 level, but higher level it will face strong resistance 17400-17500, successfully crossover and closed above another bull move which may go beyond 18500-19000. Long term trend are still good and we expect in 2010 it will test new high.
Today : Support are 168900, 16700, higher level resistance are 17100. crossover and hold over all positive in the market and buy side. Weekly trend decider 16918.
Dow
Last week Dow recorded a fresh move and almost tested new high of 10438 which is almost achieved . As remain up trend, next intermediate target likely 11000-11300-11500 in near term. On the other hand we consider support 10000 and major support are 9500, below deeper correction can not be ruled out.
Nifty Future + Bank Nifty + CNX IT
Nifty Future : On week to week basis, strong reversal were seen on Friday trading and almost closed with a green. Overall we may consider support are 4900-4890, below it will test 4840 and major support are 4750, higher level resistance exit 5100, thereafter non stop target 5150-5180-5200. Today panic buy side...
Bank Nifty : Trend is still is bullish. Any decline to buying opportunity with consider support 8800-8700. Weekly trend decider 5150 In the Bank Nifty, the December series are traded at premium to Novembmer indicating good carry over and bullish sign .
CNX IT : Today support are 5350, higher level resistance are 5500, above more up side. Weekly Trend Decider 5455.OUR TARGET ARE 5700 + . We think that it could gain if the rupee goes lower again.
Note: More intra-day opportunities will be provided
live during the market hours
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