SENSEX FOR THE DAY (16.10.2008)
TODAY IF SENSEX MAINTAINS ABOVE 10882 LEVELS THEN IT CAN MOVE TOWARDS UPSIDE TARGETS 11295 - 11550 LEVELS… OTHERWISE IT MAY SLIDE UPTO 10215 – 10100 LEVELS...
SUPPORTS: 10605, 10443, 10215 & 10107
RESISTANCES: 10887, 11028, 11296 & 11559
Nifty Intraday Levels –16.10.2008
RES 1- 3465 RES 2- 3580 SUP 1 – 3265 SUP 2 – 3200
Market View
Opening is flat to down,
On the Thursday
If Nifty Future cross the level of 3390 then it can go up to the level of 3415/3460/3515/3570/3730(Sl : 3365-70);
If Nifty Future trade below the level of 3370 then it can go below the level of 3310/3280/3245/3210/3170/3125/3040 (Sl : 3385-3390).
Intraday
Buy BOMDYEING Above @ 235 Target 245-260-280.
Buy CIPLA Above @ 195 Target 200-205-210.
Buy GRASIM Above @ 1500 Target 1535-1570-1660.
Buy HDFCBANK Above @ 1140 Target 1165-1185-1240.
Buy HEROHONDA Above @ 830 Target 840-855-885.
Buy MASTEK Above @ 245 Target 255-265-295.
Buy SBI Above @ 1520 Target 1545-1585-1670.
Buy ZEETELE Above @ 155 Target 160-170-185.
Sell TATAPOWER Below @ 790 Target 770-745-690.
Sell TATACHEM Below @ 160 Target 155-150-140.
Sell SAIL Below @ 105 Target 102-100-95.
Sell MCDOWELL-N Below @ 765 Target 740-715-650.
Sell M&M Below @ 485 Target 475-460-425.
Sell ICICIBANK Below @ 415 Target 400-385-350.
Importants Support Levels Wherein Bottom Would Be Made.
Key Supports:10390 / 10240 / 9960 / 9540
Supports:3195 / 3115 / 2985 / 2860
Rumours:
INSIDER ALERT-FEW FII LIKE capital international, Socgen, Calpers, Nomura, Mitsubishi, Vanguard, Templeton will start value buying in India
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