Nifty Spot Support and Resistance for 24 October 2008 (Close :2943.15)
Support : 2895/2875/2855/2815/2790
Resistance:2975/3010/3045/3080/3135/3150
Sensex
Support : 9680/9555/9455/9345/9290/9125
Resistance : 9930/10125/10175/10295/10475
On Friday (24-10-2008)
If Nifty Future crosses the level of 2970 then it can go up to the level of 3040/3065/3145/3175(Sl:Below 2950)
But if Nifty Future trades below the level of 2960 or after cross level go to break this level then it can go below the level of 2885/2860/2810/2795/2580(Sl:Above 2985).
TODAY IF SENSEX MAINTAINS ABOVE 9680 LEVELS THEN IT CAN MOVE TOWARDS UPSIDE TARGETS 10295 – 10445 LEVELS… OTHERWISE IT MAY SLIDE UPTO 9290 – 9125 LEVELS...
RESULTS:- DT.24/10/08 BHEL,ABB LTD,ALSTOM PROJECT,AMBUJA CEMENT,ASIAN PAINTS,BALAJI TELE,BANK MAHARASHTRA,DISH TV,GLAXOSMITH,GOKUL REFOIL.
Intraday
Tata Powers (Last closed = 725 ) Sell with stop loss abv 742 tgt-709-700.
BHEL
BUY ABOVE 1184,Sl:1173,Tgt:1196/1212
SELL BELOW 1160,Sl:1171,Tgt:1149/1133
BANKBARODA
BUY ABOVE 275,Sl:273,Tgt:278/282
SELL BELOW 270,Sl:272,Tgt:267/264
Selling Expected In Reliance Capital If Breaks 616
Sell Punj If Breaks 158,Tgt:152/148,Sl:162;
Buy Lnt @ 809-810,Sl below 795

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