GLOBAL CUES are dominating our MARKET. Few days ago i said that our market is in directionless direction wants to go up but global cues r not helping thats came true now.lets discuss some global market
1. HANG SENG: Supports at 18800—19200 resistance 20200. market hours till 1.30 pm india following this index along with strait times singapore.
2. STRAIT TIMES: Support at 2750 resistance at 2792–2804. INDIA moving with this index since march 2009.
3.DOW JONES: DOW BHAI kya kehna ish index ke baare mei. We are acting linke begano ki shaadi mei abdullah diwaana just bcos of DOW BHAI. Supports at 10180-10250 resistance at 10860.
4.FTSE: I am positive just bcos of ftse bcos i think INDIA wants to cross FTSE thats why everything happend lets see.Supports at 5080—5112 resistance at 5462
Now what next, no support in falling market just a resistance so nifty resistances are
4966—-4992—-5038—-5072—-5125
STOCKS TO WATCH
1. RELCAPITAL : buy on dips sl 560–580 closing basis tgt 950(positional)
2. SBIN: SUPPORT AT 2160
3. UNITECH: SUPPORT AT 66 TGT CAN BE 76–82
4. RCOM: Its a good portfolio stock add to a portfolio
5 VIJAYABANK: ANOTHER BOR IS IN MAKING.
6. TATASTEEL: POSTIONAL TGT 634
7. HINDALCO: POSTIONAL TGT 199
8. RELIANCE INDUSTRY: HOW CAN WE MOVE WITHOUT RIL
