Saturday, April 18, 2009

DOW INDUSTRIAL


(19-03-2009 7:41:31 PM): after the obamas stimules package was delivered dow broke the level 7500 and the crucial level 7000.now dow has pulled back to 7500 which is very crucial .if unable to sustain can test 7000 and break down can be danger. if able to move higher will be good for the asian mkts.resistance than will be at 7506-7935-8175...9TH APRIL DOW MADE AN HIGH OF 8150 AND CLOSED AT 8083,13TH APRIL DOW MADE AN HIGH OF 8146.86 AND CLOSED AT 8057.81,16TH APRIL DOW MADE AN HIGH OF 8201.81 AND CLOSED AT 8125.43 AND YESTERDAY MADE AN HIGH OF 8251.20AND CLOSED AT 8131.33..DOW IS TRYING HARD TO CROSS AND CLOSE ABOVE 8175 BUT FAILED LAST WEEK. WILL IT BE ABLE TO SUSTAIN ABOVE THE LEVEL THAN WE CAN SEE MKTS MOVING HIGHER OR ELSE CORRECTION CAN SET IN.

SIEMENS


SIEMENS CAN BE BOUGHT ABOVE 322 WITH THE STOP LOSS OF 300 FOR THE TARGET OF 398.

R POWER


R POWER CAN BE BOUGHT ABOVE 129 FOR THE TARGET OF 176 WITH THE STOPLOSS OF 115

NTPC


NTPC CAN BE BOUGHT WITH THE STOP LOSS OF 185 FOR THE TARGET OF 245.