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 ??

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