Thursday, August 21, 2008

gm!!!! The secret of staying young is to live honestly, eat slowly, and lie about your age..
NIFTY FUTURES (F & O)
Rally may continue up to 4450-4452 zone.
Support at 4415 & 4426 levels. Below these levels, expect profit booking up to 4392-4394 zone by non-stop.
Buy if touches 4370-4372 zone. Stop Loss at 4348-4350 zone. On Positive Side, if crosses & sustains at above 4472-4474 zone thenuptrend may continue.
Short-Term Investors:
Reversal (Positive) is seen. Avoid Short Selling at lower levels.Short-Term Upward Target at 4494-4496 zone. Short-Term Support at at 4326-4328 zone.
----------RELIANCE INDUSTRIAL INFRASTRUCTURE (NSE Cash):Likely to Zoom. Worry is that, yesterday's rise was suspicious and it would have been false signal.If crosses & sustains at above 1058 level then uptrend may continue.Support at 978 level. Should not be allowed to break at any cost.
ABB FUTURES (NSE): Likely to Zoom.Yesterday's rally might be false signal and have caution. If crosses & sustains at above 941 level then uptrend may continue.Support at 875 level. Should not be allowed to break at any cost.
----------The Dow Jones Industrial Average closed at 11,417.43. Up by 68.88 points.The Broader S&P 500 closed at 1,274.54. Up by 7.85 points.The Nasdaq Composite Index closed at 2,389.08. Up by 4.72 points.The partially convertible rupee ended at 43.70/72 per dollar on yesterday, weaker than Monday's close of 43.59/60.
---- Strong & Weak futures
This is list of 10 Strong Future Stocks: Rolta (l) Lt,Polaris Softwar,Ansal Prop & Inf,Aia Engineering,Network 18 Finca,Balrampur Ch,Nagarjuna Fertil, Chambal Fert,Deccan Aviation,Strides Arcolab
And this is the list of 10 Weak stocks ;
Ndtv Ltd,Housing Dev & In ,Amtek Auto Ltd,Aban Offshore L,Reliance commun,Bombay Dyein,Bharat Elect,Indin. Hotels,Sterling Biotech & Nucleus
---------SENSEXYESTERDAY Excellent show by bulls. Suspicion is that it would have been false signal. Expectation is that 50:50 chance for both bulls & bears.-------