Monday, August 1, 2011

Sharemarket


BSE index: (18197) Consider for this week...18335 a nearest resistance crossover above which it'll surge up to 18415 & 18557 in a disguised manner, sell on every rise keeping stop loss of 18690. Downward side-break below 18131 it'll fall down to 18005 initially, which is a crucial support to watch out for. A close below 18005 it'll heavily fall down further to 17929-17897 & 17848-17804. A close below 17804 it'll heavily crash down to 17577-17521.

RIL: (828) Sell considering 840 a solid resistance keeping stop loss of 848. Downward side it'll fall down further to 820, 812 & 798 initially. A close below 798 it'll heavily fall down further to 776 & thereafter to 736. Upward side a close above 848 it'll surge up to 862-871 in a disguised manner, sell on every rise keeping stop loss of 892.

JSWSL: (774) It'll fall down further to 750 initially. A close below 750 it'll heavily crash down to 726, 699 & 666. Upward side 798 & 810 a nearest & 832-840 a solid resistance, sell on every rise keeping stop loss of 858.

JINDAL STEEL: (586) Sell considering 597 & 605 solid resistances keeping stop loss of 628. Downward side it'll fall down further to 565 & 535.

JINDAL SOUTH: (864) Sell considering 895-909 solid resistance keeping stop loss of 950. Downward side it'll fall down further to 807 & 730.

REL INFRA: (541) Break below 536 it'll fall down further to 521 & thereafter to 497. Upward side 561 a nearest & 578 a solid resistance.

REL CAP: (576) Sell considering 588 & 595 solid resistances keeping stop loss of 609. Downward side break below 563 it'll fall down to 550 initially. A close below 550 it'll crash down to 541 & 527.

WEL CORP: (150) Crossover above 152.50 it'll surge up to 156.50 & 160, sell on higher levels keeping stop loss of 162. Downward side it'll fall down further to 143 & 132.

HINDALCO: (169) Sell considering 172 & 175 solid resistances keeping stop loss of 179. Downward side it'll fall down to 161, 157.50 & 152.

RAYMOND: (380) Sell considering 385 a solid resistance keeping stop loss of 391. Downward side it'll fall down to 371, 362 & 348.

SHRIRAM TRANSPORT: (641) Sell considering 646 & 659 solid resistances keeping stop loss of 665. Downward side it'll fall down to 603 & 585.

ESCORTS: (98.50) Break below 98 it'll heavily fall down to 94.50, 92 & 86. Upward side 102.75 & 106 solid resistances, keep stop loss of 109.50 & go short on higher levels.

TATA MOTORS: (948) It'll fall down to 934 initially, which is a crucial support. A close below 934 it'll heavily fall down to 911 initially. A close below 911 it'll crash down to 890-879 & 850. Upward side 966 a nearest & 988 a solid resistance, keep stop loss of 1012 & go short on higher levels.

BAJAJ AUTO: (1465) Buy considering 1455 & 1442 solid supports keeping stop loss of 1427. Upward side it'll surge up to 1497 & 1515-1523, sell on higher levels keeping stop loss of 1564. Downward side a close below 1427 it'll fall down to 1376 & 1353.

BHARAT FORGE: (329) Sell considering 333 a solid resistance keeping stop loss of 337. Downward side it'll fall down to 315 & 308.

MUNDRA PORT: (144) Sell considering 148.50 & 154 solid resistances keeping stop loss of 156.50. Downward side it'll fall down to 131.50.

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