Markets For 19-11-2008

NIFTY
Supports : 2640-2630-2620/2600/2575-Break-2560/2540-2515
Resistance : 2745/2770/2815-2835/2855-2865

SENSEX
Supports : 8815/8690-8650/8570
Resistance : 9115/9290/9320

NIFTY FUTURE
Support : 2660/2635/2600/2585
Resistance : 2730/2750-2760/2795/2815-2835

NIFTY FUTURE

Stay Short Below 2710,Sl Below 2735,Tgt 2640/30-2610-2575.

Sustain Above 2720,Buy with SL Below 2695,Tgt 2740-2770-2790-2855.

MKT COMMENTS

NIFTY FUT OI down 2.29% with 6% increasing volumes indicating short covering.

We expect NIFTY FUT to trade volatile with possibility of bounce from lower levels.

Chart showing BULLISH pattern tomorrow get clear direction with some side ways movements
OR
May we hold 2630-2615 Then 2885-2910-2960/75-3040.If 2630-15 ,Does Not Hold We Are Heading Towards 2450 & Then Go short on Every rise of Nifty or heavyweights in Nifty

INTRADAY

Buy Kalindee above 134 sl 124 tgt 142-147-160.

Sell RCOM Below 208,Tgt 202++++,Sl 215

BHARTI : Sell @ 637 with SL 652 T 611, below it then 605/595

MARUTI : Sell @ 525/530 with SL 540 T 504 / If open low Buy for intraday @ 498 with SL 493 T 510/520

SBI : Sell @ 1125/1135 with SL 1150 T 1105/1085

BHEL : Sell below 1240 keep stoploss at 1260 lower targets 1200

HDIL : Sell below 107 keep stoploss at 111 lower targets around 100/95

Tata Powers (Last closed = 683 ) Sell with stop loss above 694 tgt-672-664.

NTPC: (149)

At the CMP of Rs.149, the stock trades at a P/E of 16x and P/B of 2.1x our FY09 estimates, which is attractive. We advise our clients to BUY the stock with level of 130-135, with a 12-month perspective

Reliance Industries: (1140)

We advise our clients to BUY the stock above 1160 level making your strict Stoploss of 1122 Target of 1178/1190 and higher target should be 1215/1235 in short term. Continue in this stock with strict Stoploss and trailing Stoploss method. If Reliance Industries is not able to hold Rs 1025 then it may re-test October lows again.

SAIL : CMP NOVEMBER FUTURE 61.35

For today trading trend level exists at 60.65-61.90 levels. On upper side above trend level resistance exists at 63.80, 65.70, 66.90 levels. On down side below trend level expect sell off up to 58.90, 57, 55.80, 53.90 levels.

Scrip	Trigger	Price	Stop Loss	Target 1	Target 2
HINDPETRO	BUY ABOVE	232.90	230.80	235.45	239.10
	SELL BELOW	227.85	229.90	225.35	221.85
STER	BUY ABOVE	220.70	218.75	223.15	226.60
	SELL BELOW	215.90	217.85	213.55	210.25

>>>Crude Oil Outlook>>> Crude Oil Having Support Zone Around 2770-2760 & If Breaks These Supports Than 2700 is The Ultimate Support