Tuesday, August 26, 2008


NIFTY FUTURES (F & O)
Profit booking may continue up to 4315-4317 zone for time being.
Hurdles at 4347 & 4354 levels. Above these levels, buying may continue up to 4363-4365 zone and thereafter it will touch 4380-4382 zone.
Above 4388-4390 zone, it can zoom up to 4405-4407 zone and supply expected at around this zone. Stop Loss at 4430-4432 zone.
On Negative Side, rebound expected at around 4290-4292 zone. Stop Loss at 4273-4275 zone.
Short-Term Investors:
Reversal (Positive) is seen. Avoid Short Selling at lower levels.
Short-Term Upward Target at 4456-4458 zone.
Short-Term Support at 4247-4249 zone.
--------
JINDAL SAW (NSE Cash): Avoid Short Selling in this scrip. Bulls may come back at any moment.
Support at 526 level. Expected to rebound at around this level. If not, then problem for bulls too.
Hurdle at 574 level. Bulls need to clear this level for uptrend.
NATL ALUM FUTURES (NSE):Avoid Short Selling in this scrip. Bulls may come back at any moment.
Support at 377 level. Expected to rebound at around this level. If not, then problem for bulls too.
Hurdle at 421 level. Bulls need to clear this level for uptrend.
------------
The Dow Jones Industrial Average closed at 11,386.25. Down by 241.81 points.
The Broader S&P 500 closed at 1,266.84. Down by 25.36 points.
The Nasdaq Composite Index closed at 2,365.59. Down by 49.12 points.
The partially convertible rupee ended at 43.79/80 per dollar, weaker
than Friday's close of 43.425/435.---------------
Sell METAL INDEX Stocks
----------------