SOLID SUPPORT AT 5312—5340

5312–5340 IS A SOLID SUPPORT AREA FOR NIFTY.

AS SAID EARLIER THAT 5375–5432 IS A NON TRADING RANGE FOR NIFTY AND NIFTY RESPECTED OUR RANGE AND STAYS IN BETWEEN ONLY.

NOW CROSSOVER OF 5432 ON CLOSING BASIS WILL TAKE NIFTY TO 5512.

ON THE OTHER HAND BELOW 5375 ON CLOSING BASIS WILL TAKE NIFTY TO 5340–5312.

SENSEX SUPPORT AT 17650 AND RESISTANCE AT 18350.

STOCKS TO WATCH ARE:

TISCO IF HOLDS 496 THEN IT CAN SEE 525—542

RIL GOOD ONLY ABOVE 1085

ONGC GOOD SUPPORT AT 1232

DLF IF HOLDS 312 CAN DO 325–332

ICICI BANK SL 860 TGT 960

SBI TARGET 2520 SL 24??

UNITECH TARGET 8? SL ??

NIFTY SPOT RESISTANCE AT 5412

NIFTY SPOT FACING RESISTANCE AT 5412. IT SEEMS DIFFICULT TO CROSS WITHOUT HELP OF RIL.

TISCO LOOKS GOOD ON CARDS GIVEN SORT TERM BREAKOUT AND FOR FURTHER UPMOVE IT MUST HOLD 496.

RIL IS GOOD ABV 1086 A CLOSING IS MUST ABV 1086.

UNITECH REQUIRED CLOSING ABOVE 84.6 FOR FURTHER UPMOVE.

DLF IF HOLDS 312 CAN DO 332.

RCAP IF SUSTAINED ABOVE 812 THEN NO ONE CAN HELP BEARS.

HINDALCO CLOSING ABOVE 154 CAN DO 162

TISCO UNITECH DLF ALL TARGETS DONE

YESTERDAY TISCO DID ITS TARGET OF 512, DLF DID TARGET OF 312 AND UNITECH DID WELL ABV ITS TARGET OF 80-82.

NOW ITS TIME TO HOLD ABV STOCKS WITH TSL FOR MORE GAINS.

TISCO TSL 496 BUY WAS GIVEN AT 476

DLF TSL IS NOW AT 302 BUY WAS GIVEN AT 288

UNITECH TSL AT 76 BUY WAS GIVEN AT 68 AND 72

RIL IS GOOD ABV 1086

SBIN TSL IS AT 2382 BUY WAS GIVEN AT 2306

NIFTY SPOT MORE GOOD ABOVE 5412

SENSEX MOVING TOWARDS ITS FIRST TARGET OF 18250