Tuesday, August 18, 2009

Nifty future Resistance at 4491
Support at 4417/4380

Any 2 consecutive closes below 4475 ,we are heading towards 4200-4000levels.
AS WE HAVE SAID EARLIER 2 OUR GHUPSHUP MEMBERS WHO HAVE JOINED THE GROUP(WE MIGHT SEE NIFTY BOUNCE BACK
AN ILL SURELY SE NIFTY TOUCHING 4000)
Only if we are able to close above 4580 in the coming days trend reversal can take place and further 4660 needs to be crossed for 5200+ for the period Aug-Sep



CORE PROTECT Buy above 166 SL164 upper targets 168, 169, 171.50

EDUCOMP Buy above 3850 SL3820 upper targets 3900-3905, 3945

BPCL Buy above 513 SL507 TGT518-524-537-560

POLARIS SOFTWARE Buy IF BREAKS 136.50 TGT139,140 SL134

SELLING EXPECTED IN AXIS BANK IF BREAKS 817