NIFTY

Nifty at crucail level break below 4690 can drag the nifty lower till 4400-4350 and if panic sets in we can we see lower levels.

091010

250910

180910

280810

07-08-2010

060310

NIFTY HAS ATTEMPTED A SMART MOVE POST BUDGET INDICATING THAT INDIAN ECONOMY IS STRONGER COMPARED TO OTHER ECONOMY. NIFTY NOW SHOULD CROSS THE RESISTANCE LEVELS OF 5182-5298-5310 WHICH I HAD GIVEN PREVIOUSLY, PAST WHICH WE MAY SEE SOME STRONG MOVES IN THE INDIAN MARKETS.SUPPORT FOR NIFTY IS AT 4900.

THE ONLY FEAR IN THE MARKET WILL BE NAGATIVE NEWS FROM THE FOREIGN MARKETS WHICH ARE STILL NOT OUT OF DANGER.

DOW HAS GIVEN A STRONG WEEKLY CLOSE INDICATING THAT IF IT CAN HOLD ABOVE 10280 IN THE COMING WEEK IT WILL CROSS THE PREVIOUS HIGH OF 10729 AND IF SO ASIAN MARKETS MAY BE HEADED NORTH.

STOCKS TO WATCH OUT FOR :BAJAJ HIND, BALRAMPUR CHINI,RENUKA,BARTRONICS,BPCL,HPCL,IOC,JSW ENERGY,SAKTI SUGAR AND TATA COMMUNICATION IN THE COMING DAYS.