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Monday, October 13, 2008

Markets For 14-10-2008

SENSEX FOR THE DAY (14.10.2008):

TODAY IF SENSEX MAINTAINS ABOVE 11387 LEVELS THEN IT CAN MOVE TOWARDS UPSIDE TARGETS 11867 - 12052 LEVELS… OTHERWISE IT MAY SLIDE UPTO 10773 – 10605 LEVELS...

SUPPORTS: 11028, 10885, 10773 & 10605
RESISTANCES: 11387, 11559, 11867 & 12052


Nifty : RES 1-3610 RES 2- 3675 SUP 1–3430 SUP 2- 3315


Opening is flat to up,stay long abv 3460 sl below 3440 tgt 3580-3665.sustain below 3440,Sell with SL abv 3450 tgt :3400-3200


Bank Nifty

Future (C-5551.00), Resistance 5750/5950, Support 5400/5200/4850



Dont Initiate Fresh Positional Buyings Tommorow... And dont get trapped. Nifty Max upside limited to 3700-3800


WELSPUN GUJRAT BUY IF BREAKS 152 ,Tgt: 158 /160,Sl: 148;


Tata Powers (Last closed = 787) Buy with stop loss below 770 tgt- 799-810;


SBI:

SBI show good momentum in this weak market now it time to bright again. We rec BTST also now next target should be 1580/1600 in short term. Once it crosses 1535 level advised to take more position.


Maruti:

The stock is showing some strength at this point in time. It may test 750 levels in the near future. Traders can remain long.






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